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The impact secondaries firm has shifted the focus of its clean growth strategy recently to preferred equity structured transactions from traditional LP interests.
GP-led activity is picking up thanks to a decline in exit activity during the pandemic and rising familiarity with the practice.
Pomona X, which launched in 2020, is around 37% larger than its predecessor and the firm's first multi-billion dollar fund.
The European direct secondaries specialist is seeking more than $2bn across separate vehicles.
Jed Johnson, head of ORIX USA's GP-led investment team, tells Secondaries Investor about the $85bn asset manager's plans.
The Singapore buyout shop, which spun out of Standard Chartered in one of Asia's largest secondaries deals, will initially target GP-led deals in Korea.
The buyout firm is considering using the secondaries market to help it avoid overstepping concentration limits.
The US subsidiary of the Japanese financial services conglomerate will initially invest off balance sheet before launching a third-party fund.
The fund has $250m of initial capital to invest primarily in secondaries and will target high-net-worth individual investors in the US.
Declining multiples spell trouble for deals done in recent years, when valuations were at historic highs, said ex-Ardian secondaries head Vincent Gombault.

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