Private Wealth

Adams Street targets mid-market PE with latest evergreen launch

The semi-liquid fund aims to provide ‘diversified access to high-quality private growth companies’ through direct and secondaries, per a statement affiliate title PEI has seen exclusively.

Hamilton Lane launches global secondaries-focused evergreen fund

The fund has collected $365m, which is nearly double its launch target.

Ardian ‘encouraged to do more’ after launch of latest evergreen funds

The success of Ardian’s recent launch of two evergreen vehicles has been ‘above our expectations’ and the firm has designs to launch more products, executive vice-president Jan Philipp Schmitz told Secondaries Investor.

Ares’ secondaries unit backs Apax Global Alpha take-private

The transaction involves a continuation fund-like structure, Secondaries Investor understands, and includes an option for backers of the UK investment trust to roll into a new fund, filings show.

How Coller sources and deploys private wealth capital

The firm often needs to balance its institutional expertise with the specific needs of wealth capital to address concerns around liquidity and concentration risks.

Over half of LPs seek to buy and sell LP-led positions on the secondaries market – Coller

Coller Capital’s latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

Sagard acquires stake in BEX Capital amid secondaries push

The acquisition provides Sagard a ‘significant expansion’ into secondaries as it seeks to scale its evergreen product offering, chief executive Paul Desmarais III told Secondaries Investor.

Coller continues APAC wealth push with ex-Swiss bank hire

Mavis Huang, former director of intermediary clients, Asia, at Swiss investment firm Vontobel Asset Management, has joined Coller’s Hong Kong office.

Ex-Partners Group private wealth exec to lead Coller’s Singapore office

The office is the fifth in the Asia-Pacific region for the secondaries pioneer.

Private markets’ (il)liquidity problem

Evergreen structures, sophisticated capital pacing models and the use of fund finance have all helped make private markets more accessible for an asset class that remains fundamentally illiquid.