Silas Sloan
New entrants and pricing are driving deals and could spur record volume, global head of Blackstone Strategic Partners Verdun Perry tells Secondaries Investor.
The firm has launched separate private credit and private equity vehicles focusing on mid-market opportunities.
Benoît Durteste says investing the capital would not be challenging – a change in tone compared with comments he made in September regarding larger GP-led deployment.
The Middle East has seen increased interest in recent years with placement agents, advisory firms and GPs opening outposts there.
Research suggests evergreens can pay 6 points higher on average for LP portfolios than closed-end funds – findings that may not fully reflect all market dynamics.
The firm is seeking as much as $150m for Seine Capital Liquidity Solutions, which has a $200m hard-cap.
Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.
Patria Investments Secondary Opportunities Fund V launched in July and held a first close in September.
Credit and real estate secondaries could see $7bn and $11bn of deal volume each this year, per advisory reports.
The oversubscribed vehicle is more than $300m larger than its predecessor.