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Dechert's Michael Wong reflects on how debt secondaries are maturing.
The deal comes off the back of several similar processes the insurance giant unit has undertaken over the past three years.
The vehicle will launch 'imminently' and be led by partners Michael Schad, Ed Goldstein and Martins Marnauza, Secondaries Investor has learned.
Potential growth in the sector is hard to predict and will be driven by the ability of participants to keep devising new solutions, writes Daniel Roddick of Ely Place Partners.
The secondaries market in private debt has been showing promising growth, as GP-led deals claim a larger slice of the cake.
The deal is part of Investec’s withdrawal from the Australian market.
The private debt asset class has matured to the point where the secondary market is beginning to develop scale, with a range of opportunities emerging, says Daniel Roddick
San Francisco
The deal was used to seed the $440m debut credit fund of Angel Island Capital.
We continue a conversation begun last week with reflections on why the private debt secondaries market may struggle to establish itself.
Private debt is behind other alternative asset classes when it comes to secondary activity and opinions differ as to when it’s worth taking seriously.

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