World’s largest infrastructure investor has hired two executives for the New York-based team and intends eventually to raise third-party capital.
The $197bn private credit and private equity giant follows TPG and Brookfield in looking to gain exposure to the rapidly growing secondaries market.
The manager will invest in smaller, off-market opportunities in the LP portfolio- and GP-led markets.
Rio de Janeiro-based Signal Capital spun out last year and is aiming at Brazil's growing GP-led opportunities.
The secondaries giant opened a São Paulo office in January, its second in Latin America, as it looks to build relationships with local GPs and investors.
Buyers are requesting a bigger GP stake in continuation vehicles and cross-fund investments are on the rise, according to the advisor.
An innovative deal, an expanding direct secondaries firm, the leading advisor in the region and a law firm that advised on $2.6bn-worth of deals.
There was a 'significant uptick' in financing requests for GP-led deals in the third and fourth quarter, according to a survey by the lender.
The appointment comes as the firm seeks to raise more than $10bn across various funds in its next fundraising cycle.
The listed alternatives giant hired two Partners Groups executives last year to help launch the effort, which could grow to a $50bn business overall for the firm.
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