Secondaries

The oversubscribed vehicle is more than $300m larger than its predecessor.

Chirag Shah previously spent over a decade leading fund investments and co-investments at various institutional investors including DB Private Equity and GE Asset Management.

The firm’s 2024 Global Fund Program raised just over $1bn.

Secondaries Investor is delighted to announce that all secondaries-focused categories from the PEI Awards will now stand on their own.

The deal will allow GA to hold onto four assets, including website builder Squarespace.

Secondaries volumes in Q1-Q3 2024 match the full-year total for 2023, according to PJT’s Q3 2024 Secondary Market Insight report.

TPG GP Solutions has been an active backer of GP-led continuation funds across North America and Europe following its launch in January 2022.

The process involved moving a portfolio of buyout and growth stakes from North American and European managers into a new vehicle.

The firm has appointed 15 people this year alone, including to newly created finance director and head of tax roles.

The firm thinks it can help clients seeking to balance portfolios and manage liquidity due to lower exit volumes, chief executive Christian Sinding said on its earnings call.