Secondaries

Continuation vehicles made up around 9% of total PE distributions in 2023 amid sluggish M&A and IPO markets, according to data from Baird.

The size of the secondaries market will triple between now and 2030, the firm’s co-head of secondaries and primaries predicts.

Blackstone Strategic Partners tops the list with a record-breaking fundraising for its ninth flagship fund, which amassed $22.2bn.

‘Much like covid variants, 2023’s challenges will evolve and expand as we head into 2024, and some might even abate.’

Investors in Pantheon Global Secondaries Fund VII include those from the private wealth segment, who invested at elevated levels compared with predecessor vehicles.

Hayfin is running a secondaries transaction on an account managed on behalf of BCI, Secondaries Investor has learned.

Lead investors on Hellman & Friedman’s deal are Ardian, HarbourVest Partners and Hamilton Lane, sources tell affiliate title Buyouts.

The secondaries market will boom in 2024 as liquidity concerns persist and LPs look to invest in new asset classes, a panel at PEI’s Women in Private Markets Summit has heard.

Corporate and public pensions continue to divest from illiquid assets amid persistent overallocation pressure.

Rebecca Wu, a former managing director at Landmark Partners Asia, joins as head of investor relations for the region.