Secondaries

The firm closed its fourth dedicated impact secondaries fund on $252.2m in July, short of its $350m target.

The transaction involves five assets from two TJC vehicles, Secondaries Investor has learned.

The vehicle, which will commit to infrastructure secondaries as well as direct infra deals, will target investors globally, Secondaries Investor understands.

While market participants disagree with its branding, exercises to rejig the underlying shareholder base of companies to provide liquidity are underway

Connecticut Retirement Plans and Trust Funds wants to further capture attractive sponsor initiated investment opportunities in addition to the ones it sees via its managers.

According to mid-year advisory reports, the secondaries market is looking at a potentially record-breaking finish to 2024.

LPs are exploring the use of advanced technologies such as AI to enhance workflows and aid investment decisions, but the human element remains key.

The niche secondaries firm opted to stick to a tight timeline given difficult fundraising conditions in order to focus on deployment, according to partner Stephane Chevrier.

Agency publishes criteria for NAVs backed by LP secondaries interests, with plans to rate other NAV types down the road.

Coller is raising its latest flagship, Fund IX, for which it is targeting $10bn and eyeing a Q1 2025 final close.