Rod James
'Are we smart financiers or do we really get into the technology? No, we’re psychologists', managing partner Hugh Stewart tells Secondaries Investor.
The secondaries market is growing and this ranking of the biggest fundraisers is growing with it.
The transaction is the third-largest single-asset process to take place on a European asset, according to Secondaries Investor data.
The California firm, founded by StepStone's former secondaries head, targets 'buyer-driven' secondaries deals in the tech, healthcare and consumer sectors.
LPs remain keen to allocate to PE even though the perceived risk to returns has risen materially, according to a survey by the secondaries firm.
Secondaries Investor’s map of the largest continuation funds mirrors the evolution of the technology, from a tool for distressed GPs to a customisable model for a range of situations.
The continuation fund containing the academic publisher was more than €1bn in size.
The direct secondaries investor has made three exits in as many months and is mulling its first commingled fundraise.
Track the development of this rapidly evolving deal type with Secondaries Investor's exclusive interactive map.
Argosy Strategic Partners is led by former Willowridge Partners executive Christopher Kim and targets small portfolio and direct secondaries deals.