Madeleine Farman
A raft of secondaries investors participated in Crescent's continuation vehicle, including co-lead Allianz Global Investors.
The secondaries giant is the latest player to set up a formal strategy targeting the asset class, Secondaries Investor understands.
The listed asset manager has hired former Partners Group managing director Henri Lusa to head up the unit, according to a statement seen by affiliate title Secondaries Investor.
While the exact size of the portfolio is unclear, affiliate Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.
Conference-goers at the BVCA’s secondaries conference mulled over the market’s future, with bifurcation at the heart of some predictions. Madeleine Farman of affiliate title Secondaries Investor was in the audience.
Expert comment: The secondaries market is shrouded in uncertainty after tariff-related volatility. There are, however, reasons to remain upbeat over the longer term.
Investors believe uncertainty caused by US President Donald Trump's tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.
In this nine-minute interview, Alaska Permanent Fund's deputy CIO says prioritising distribution ratios as a metric will cause GPs to do 'very unnatural things'.
Liquidity management is 'more complex than it seems' for products targeting the wealth channel, according to the firm's global head of private wealth solutions.
The process comes at a time of increased momentum for GP-led credit deals with a number $1bn-plus transactions closing last year.