Secondaries

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.

The Taiwanese life insurer is selling a portfolio of five stakes in USD- and euro-denominated funds, including an EQT vehicle.

The firm is fresh off raising its largest fund ever, StepStone Secondary Opportunities Fund V, which totalled $7.4bn across its entire programme.

LGT Capital Partners’ Crown Global Secondaries VI exceeded its $6bn target, as well as the size of its predecessor, which closed on $4.5bn in 2021.

Around 14% of GP-led market volume in the first half involved growth and venture capital, which was up markedly from the first half last year, according to Lazard’s half-year secondary volume report.

Pak-Seng Lai, former head of APAC private wealth at Blue Owl Capital and head of private markets APAC at UBS, joined Coller’s Hong Kong office in October.

Your secondaries podcast fix is now available as a standalone channel with fresh episodes available every fortnight.

In our latest Second Thoughts podcast, we speak with Ingmar Vallano, managing partner of Clipway, about the benefits of putting generative AI at the heart of its investment process, as well as the benefits generative AI could bring to private markets.

Buyout and infrastructure secondaries had the strongest pricing, according to multiple reports, while venture pricing was the lowest.

Three secondaries-focused professionals have been included in affiliate title Private Equity International’s annual list of the most impressive women in private markets.