Silas Sloan

Private Equity Strategic Opportunities Fund V is aiming to deliver a 1.8x-2x multiple for investors.

Details for Patria Secondaries Opportunities Fund V show the vehicle is planning at least two closes this year.

Pricing for high-quality inflection assets with material upside has tightened to the low- to mid-90s, according to chief executive David Layton.

Secondaries Investor reported in May that CVC Secondary Partners and Pantheon were leading the transaction around TIC asset Normec.

The firm was one of the backers of a $1.2bn private debt deal with Guggenheim Investments last month.

The change in name comes three years after the private equity giant acquired a 60% stake in the secondaries specialist.

The position will add to the firm's existing four-person data science team to help build the next generation of data-driven private equity investment tools.

The firm is looking to close on its third and largest secondaries fund, after closing its second such fund in 2021.

The firm wants to raise almost 60% more than it did for its predecessor vehicle.