Rod James
This largely institutional market has seen a spike in enquiries from family offices and high-net-worth individuals, according to speakers at the Fund Finance Association Symposium.
Blackstone’s Mileway deal is further evidence liquidity doesn’t have to come from the secondaries market – and that’s not necessarily a bad thing.
The Swiss lower-mid-market secondaries firm has made five hires, mainly in its investment team.
The US regulator's proposals cover single-asset secondaries deals, strip sales, full fund restructurings and multi-asset continuation fund deals, among others.
GIP is responsible for two of the largest-ever single-asset deals, having moved Gatwick Airport into a £3bn continuation fund in 2019.
Dover Street XI is targeting 67% more than its predecessor, which would put it among the largest secondaries funds ever raised.
Private Investment Partners VI can invest in PE, private credit, infrastructure and several other asset classes, with up to 20% going into secondaries.
Abraham Tiamiyu, who ranked fourth on Secondaries Investor's 2020 NextGen Leaders ranking, has been with the Dutch pension since 2013.
A growing number of liquidity providers are looking for a piece of the private wealth market, all trying to demonstrate a distinct edge.
Hiive, a trading platform for stakes in privately held companies, is led by former Setter MD Sim Desai and aims to launch in the spring.