GP-leds are of particular interest to the mainstream secondaries players, Tom Jorgensen, a managing director at North Sky Capital, said in a video interview at the Impact Investor Global Summit.
Details of the firm's Dover Street XI fund and HarbourVest’s Secondary Overflow Fund V were included in board documents for a US public pension plan this month.
Asia and Australasia secondaries accounted for around 4-5% of both LP-led and GP-led deal volume last year.
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.
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