The world's largest asset manager also eyes an opportunity to buy highly coveted, rarely traded fund stakes, according to secondaries co-head Steve Lessar.
The growth of the secondaries market has halted, though certain segments remain open to LPs and GPs, according to Andrew Gulotta of Sixpoint Partners and DLA Piper's Adam Tope.
The preferred equity specialist has added at least 15 professionals since the beginning of last year.
US mid-market-focused Secondary Fund IV made its first sale at the end of December.
Capital raising for secondaries vehicles exceeded the $19.74bn raised in the first three months of 2016, the previous high.
The co-head of the $53bn investment manager's secondaries team discusses its $2.1bn fundraise and how it plans to navigate the coronavirus crisis.
The direct secondaries specialist is in talks with the European Investment Fund, Secondaries Investor understands.
The investment manager has raised nearly double what it was targeting for its fourth secondaries fund.
BlackRock Secondaries & Liquidity Solutions is understood to count SWFs and pensions among its anchor investors.
The investment manager has made two promotions at its Bala Cynwyd head office, one to the position of MD.