Silas Sloan
The past year has been the firm's strongest fundraising period ever, with nearly $28bn raised.
Tender offers represent a reliable way for secondaries buyers to provide liquidity to private company shareholders, according to a report by Bryan, Garnier & Co.
ICG Strategic Equity Fund V has already raised more than its $6bn target.
Two deals made up nearly half of the firm’s total secondaries investment volume last year.
The largest proportion – $400m – went towards private equity secondaries, according to the firm's Q2 earnings presentation.
While this year has not seen a large-scale close, several funds with hefty targets remain in market.
Thiha Tun has predominantly advised on complex LP-led deals in recent months, several of which involved buyers using continuation funds.
There are 10 such vehicles in market, according to Secondaries Investor data, targeting at least $4.3bn between them.
PJT Partners expects private equity secondaries to see $75bn of volume in H2 2024.
The fund, which is seeking $750m, has already committed over $450m to new investment opportunities, according to documents prepared for a MWRA Employees’ Retirement System board meeting.