Investors

Record volumes, lots of new entrants and GP-led deals with a little more 'hair on them' are among trends to look out for this year, according to industry leaders.

The preferred equity specialist says it closed transactions this year across Europe, North America and Asia from a total pipeline of around $20bn.

Some board members have voiced concerns about the pace at which the $20bn pension is implementing plans to branch out into secondaries and co-investments.

It follows pension’s $300m investment in Ardian's ASF VIII in June, its first commitment to a secondaries fund in more than a decade.

Yuan-denominated funds have raised magnitudes more than dollar-denominated funds, though a lack of buyers has hindered the growth of a secondaries market.

This week Secondaries Investor moderated a panel on the debt secondaries market hosted by sister publication Private Debt Investor. Here is what we learned from the discussion featuring executives from Manulife Investment Management, Tikehau Capital and Pantheon.

The deal involving Medicxi was based around six assets and completed at a premium to NAV, co-founder Francesco De Rubertis told Secondaries Investor.

The SharesPost100 fund, designed to democratise access to VC, is managed by ex-HQ Capital secondaries co-head Christian Munafo.

The 10 largest secondaries funds in market are targeting a combined $50.05bn, roughly equivalent to the record amount raised in H1 2020.

Crowdfunding platform Seedrs is aiming to attract institutional private wealth.