Silas Sloan

There are at least 14 secondaries vehicles seeking capital to invest in the asset class, Secondaries Investor data shows.

The past year has been the firm's strongest fundraising period ever, with nearly $28bn raised.

Tender offers represent a reliable way for secondaries buyers to provide liquidity to private company shareholders, according to a report by Bryan, Garnier & Co.

ICG Strategic Equity Fund V has already raised more than its $6bn target.

Two deals made up nearly half of the firm’s total secondaries investment volume last year.

The largest proportion – $400m – went towards private equity secondaries, according to the firm's Q2 earnings presentation.

While this year has not seen a large-scale close, several funds with hefty targets remain in market.

Thiha Tun has predominantly advised on complex LP-led deals in recent months, several of which involved buyers using continuation funds.

There are 10 such vehicles in market, according to Secondaries Investor data, targeting at least $4.3bn between them.

PJT Partners expects private equity secondaries to see $75bn of volume in H2 2024.