Kirk Falconer
The more ambitious goal may owe to an anticipated surge in secondaries investing, driven by pent-up demand, especially among cash-hungry LPs.
Ballast is led by managing partner Jon Popielarski, a former director of private assets at Employees’ Retirement System of Rhode Island.
The firm plans to significantly scale Performance Equity Management’s secondaries capabilities, according to managing partner Jonathan Tétrault.
The comments come two months after the asset manager said it was considering acquiring a secondaries firm.
Newbury Equity Partners VI's moderate step-up in ticket size is consistent with Newbury’s longtime focus on small and mid-cap secondaries deals.
The investment firm's Japan office marks 'an initial step in the region', APAC head Jeff Pentland said, and could precede the opening of a third Asia-Pacific location.
Blackstone Strategic Partners IX hit $17.2bn in the third quarter of the year, according to the firm's latest earnings call.
The vehicle will invest in the offerings of distressed, special situations and credit sponsors globally, deploying $20m to $40m on average.
The listed alternatives giant hired two Partners Groups executives last year to help launch the effort, which could grow to a $50bn business overall for the firm.
Buyers told Setter Capital they expect global secondaries investing to reach an all-time high of nearly $90bn this year.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: