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Chris Witkowsky

Single-asset deals accounted for 30% of GP-led transactions in the first half, up from 20% in 2019, according to Evercore.
morgan stanley
Nash Waterman and John Wolak had co-led the investment bank's secondaries unit after former secondaries head Jonathan Costello left in 2016.
Iceberg ice water
This so-called 'status quo' option has gone a long way in helping get LPs comfortable with GP-led liquidity processes.
Star Mountain
The tech specialist is among several high-profile private equity firms tapping the secondaries market this year.
GP-led deals are on the rise and will likely become a much greater part of overall secondary activity, which has historically been led by LP fund stake sales.
The two large GP-led deals are part of a shift in the secondary market away from traditional sales of fund stakes held by limited partners, to deals by GPs to manage assets held in older funds.
The firm is among a group of mid-sized buyers that focus on lower-mid-market and mid-market secondaries deals.
Buyers who have shown interest so far include some traditional secondaries firms, sovereign wealth funds and insurance companies.
Alternatives has more than $6trn in assets under management, and only about $100bn of that trades hands in secondaries, according to the firm's president Jonathan Gray.
san francisco
The private equity firm’s latest fund, the $16bn Capital Partners Fund IX, is understood to be participating in the transaction.

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