GP-Leds

The asset manager will pursue yuan-denominated LP-led and GP-led transactions from a discretionary pool of client capital, according to Asia co-head Mingchen Xia.

Brookfield Asset Management's Connor Teskey says the firm can be a leader in secondaries and will initially focus on the GP-led market.

Inventory flowing into the market is expected to drive volume beyond the estimated $103bn total for 2022.

New equity and debt capital was raised on a GP-led structured secondaries deal for RFE Investment Partners’ asset ZRG in an Atlantic-Pacific Capital-advised deal.

Buyers are increasingly splitting out their fund strategies as institutional investors seek specific risk/reward categories for secondaries.

The mid-market sustainable infrastructure investor's process around midstream infrastructure group Third Coast began with a first close on the CV in July.

The deal is one of the higher profile GP-led secondaries to emerge from the slowdown in activity in the second half of 2022.

LP secondaries is a scalable business, meaning firms like Strategic Partners can raise funds twice the size of their predecessors without doubling the size of their teams.

The alternatives giant has collected $25bn, including $2.7bn for its dedicated GP-led vehicle.

Many criticisms of these popular tools that are used to hold assets for longer don’t hold water, write Jeff Hammer and Paul Sanabria, global co-heads of secondaries for Manulife Investment Management.