Firms & Funds

Astorg Partners' €1.3bn continuation vehicle process took top spot for Deal of the Year, while Kirkland & Ellis was crowned Law Firm of the Year in the region.
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The European direct secondaries investor spun out of National Bank of Greece in 2016 in a process backed by Glendower and Goldman Sachs.
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The secondaries pioneer has been expanding its offerings, raising $1.4bn for a debut dedicated credit secondaries fund and exploring a yuan-denominated strategy for China.
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The firm, which spun out of New Enterprise Associates in 2018, raised two funds, including a special vehicle to buy portfolios being liquidated by other VC funds.
If it hits the hard-cap, the firm's latest fund would be 67% larger than its 2018-vintage predecessor.
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The firm has been expanding its team as it seeks almost $1bn across three separate strategies.
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ASF IX would be tied for the largest standalone fund dedicated to secondaries, alongside Lexington Capital Partners X, which launched in May.
A growing number of liquidity providers are looking for a piece of the private wealth market, all trying to demonstrate a distinct edge.
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Coller Credit Opportunities I came to market in May, targeting $750m, and is managed by partners Michael Schad, Ed Goldstein and Martins Marnauza.
Cari Lodge, managing director
Despite the shift to newer vintages, early distributions and higher IRRs remain important to secondaries investors, said managing director Cari Lodge.
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