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Secondaries Investor dives into the advisory firm's top five predictions and the drivers behind its outlook, including its prediction of at least $150bn in deal volume this year.
Presenting the first instalment of Second Thoughts, a special series from Secondaries Investor that delves into the latest trends affecting the fastest-growing market in alternatives.
The CFO’s assets consisted of interests in Tikehau’s own debt funds as well as third-party managed private debt funds originated by the firm’s private debt secondaries strategy.
Ashbridge Transformational Secondaries Fund II is nearly four times larger than its predecessor, which closed on $675m in 2018.
New equity and debt capital was raised on a GP-led structured secondaries deal for RFE Investment Partners’ asset ZRG in an Atlantic-Pacific Capital-advised deal.
Buyers are increasingly splitting out their fund strategies as institutional investors seek specific risk/reward categories for secondaries.
The development comes around one month after DWS chief executive Stefan Hoops said that while alternatives was a key pillar for the firm, it would be focusing on commercial real estate and infrastructure.
The fund, which will invest in both LP- and GP-led secondaries opportunities, will primarily focus on buying interests in mid-market buyout funds.
The consensus view from the south of France is that this will be the year that valuations come down to earth.
Ricardo Miró-Quesada, the firm's head of PE, talks to Secondaries Investor on the back of its €450m raise for ASF XIV.