Secondaries

Coller launched a platform targeting high-net-worth investors last year, led by UBS veteran Jake Elmhirst.

There was a sharp spike in the use of deferrals last year, driven by improved pricing for GPs and additional benefits for secondaries buyers, according to partner Gerald Cooper.

The RMB fund targets Chinese LPs and aims to hold its first close this year.

Lazard expects deal volume this year to approach or exceed 2021 levels as LPs and sponsors seek innovative liquidity options in the secondaries market.

The firm also closed on $1.5bn and $900m for its latest VC and real estate secondaries vehicles, respectively.

A growing number of semi-liquid funds have a heavy allocation to secondaries.

The firm’s sixth secondaries flagship will be ‘meaningfully’ larger than its predecessor fund, according co-CEO Erik Hirsch.

The EIF began backing LP-led transactions in buyout funds and hybrid debt-equity funds before investing in GP-leds in 2017, head of secondaries Joaquín Alexandre Ruiz Tarré tells Secondaries Investor.

The firm raised $945m across its secondaries and carbon strategies in 2023.

More than one in four GPs used the secondaries market to extend hold periods, while a further 18% were enticed by unfunded commitments, according to the investment bank.