Firms & Funds

The firm is seeking 25-50% more for its latest offering compared with its debut vehicle, Secondaries Investor has learned.

Michael Arougheti, Ares' chief executive and president, has previously said the secondaries industry is at an 'inflection point'.

The team behind the market’s biggest dedicated GP-led fund has a reputation for being clear, efficient and an intermediary’s dream via its 'sole buyer' strategy.

The region played host to some sizeable single-asset GP-led deals, including a continuation fund for Deutsche Private Equity.

The North American secondaries categories in affiliate title Private Equity International's latest awards were hotly contested again this year.

The alternatives giant has committed more than $1bn into equity and credit secondaries over the past half year, according to co-president Jim Zelter.

Glendower Secondary Opportunities Fund V had an initial hard-cap of $4.5bn – a figure that is understood to have been increased.

Reduced exit activity in the buyout market, coupled with the denominator effect, is creating opportunities for buyers, Shane Feeney, managing director and global head of secondaries, tells Secondaries Investor.

The asset manager will pursue yuan-denominated LP-led and GP-led transactions from a discretionary pool of client capital, according to Asia co-head Mingchen Xia.

The firm has also made headway with fundraising for its latest secondaries programme, according to vice-chairman Erik Hirsch.