Fundraising

With a record $95.6bn raised for secondaries vehicles last year, the question is how the fundraising party will carry on.

The firm has also opened an office in Frankfurt – its first in Germany – as it seeks €750m for infrastructure secondaries.

Allianz Global Diversified Infrastructure Equity Fund will pursue primary fund commitments, secondaries transactions and co-investments globally.

The evergreen fund will aim to invest in a mix of secondaries, direct investments and co-investments in credit and equity.

The niche secondaries firm has raised nearly 60% more for Fund V than the amount raised for its 2017-vintage predecessor.

The five largest secondaries funds to hold a final close in 2020 raised more than $60bn combined.

The world's largest asset manager expects to hold the final close on its debut secondaries fund in Q1 2021.

Nordea Private Equity's secondaries fund is managed by Christen Estrup and former Partners Group executive Julien Marencic.

The Carlyle subsidiary has hit the hard-cap on ASP VII and raised $1.2bn for co-investments, with support of LPs such as the California Public Employees' Retirement System.

Demand among buyers and LPs’ desire to manage their portfolios in the wake of covid-19 point to healthy transaction secondaries volumes in the year ahead.