Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
Coller Capital's latest findings are in line with PEI's LP Perspectives 2023 Study in which 22% of respondents said they intend to sell stakes only over the next year.
The mature stakes-focused vehicle attracted more than double its predecessor, Hollyport Secondary Opportunities VII, which raised $1bn.
In a market that is seeing a war for talent, an institution looking to offload its secondaries unit is an unusual move.
Large single-asset deals in the real estate and infrastructure sectors have been driven by specific dynamics, according to panellists at PEI Group's Women in Private Markets Summit.
The firm’s predecessor vehicle, Lexington Capital Partners IX, closed on $14bn in 2020.
Defined contribution schemes in the UK are forecast to grow to more than £1trn in assets by 2030.
The fundraising comes as its secondaries unit, Strategic Partners, eyes as much as $20bn for its latest private equity flagship.
Some LPs are on a three-year waiting list to formally transfer fund interests off their books – an issue that could grow as overallocation issues persist.
As a growing number of LPs look to buy and sell private equity fund stakes in the coming months, are there bargains still to be had?
Recent activity suggests buyers may be purposefully baking in more headroom as macroeconomic and market conditions remain challenging, according to data from Palico.