Silas Sloan

Tikehau's second credit secondaries-focused fund closes on more than $1bn having launched in the second half of 2023.

The firm, which EQT recently agreed to acquire, has led on multiple multibillion-dollar credit CVs over the past several months.

Strategic Partners has held an initial close of $5bn for Strategic Partners Fund X with 'another major close' expected in the coming weeks, Blackstone's president and COO Jon Gray said on the firm's earnings call.

While fundraising continues to skyrocket, the amount of dry powder available has remained 'fairly flat', and more capital is needed for the market to keep pace with demand, says Evercore's Nigel Dawn.

Coller Capital’s founder expects the road for economic growth to remain a bumpy one, especially in the US.

Semi-liquid strategies can provide benefits to LPs, but they aren’t a one-size-fits-all solution, shows our LP Perspectives 2026 Study.

The fund is the latest in a string of launches as the demand for credit secondaries grows.

While the exact size of the portfolio is unclear, affiliate Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.

Expert comment: The secondaries market is shrouded in uncertainty after tariff-related volatility. There are, however, reasons to remain upbeat over the longer term.

LP-led deals made up 54% of the record $162bn of volume seen in 2024, with pricing improving across all asset classes, according to Jefferies' Global Secondary Market Review.