Silas Sloan
Aqualis Partners is looking to take advantage of the growing and increasingly attractive small-cap market.
The vehicle will invest in a variety of strategies, including secondaries.
The firm's deployment so far this year is already 25% higher than its full year total for 2024.
The oversubscribed vehicle adds to an already lucrative, record-breaking fundraising year for secondaries.
The small buyout specialist's latest secondaries vehicle surpassed its $1bn target and will invest in both LP- and GP-leds.
The Toronto-based opening comes a year after the launch of Coller's Montreal office.
Reinsurance Group of America's investment in credit secondaries specialist FoxPath Capital Partners will broaden its access to private assets.
Investor enthusiasm for secondaries is no secret, and it has manifested in some eye-popping fundraising figures.
The hire comes as the investment firm builds out and identifies lower mid-market LP- and GP-led opportunities.
More capital was raised for the strategy between Q1 and Q3 than the $118bn gathered in 2023.