The firm’s private wealth platform has almost $6bn in assets under management.
Traditional LPs contemplating GP-led focused funds have been intent on identifying examples of fully crystallised continuation funds in recent years.
The Melbourne office brings the firm's total global presence to 11 and is its fifth in the APAC region.
Secondaries fundraising January through end-September was bolstered by large vehicles managed by Blackstone Strategic Partners and Goldman Sachs Asset Management.
Jonathan Gray’s contention, that discounts on LP portfolios could increase, runs contrary to the trend this year of strengthening pricing.
Alumni from Secondaries Investor's Next Gen Leaders of Secondaries came together for an evening of networking at Kirkland & Ellis's New York offices.
Pricing for secondaries has improved to a net-asset-value level of around 90% for buyout funds.
The single-asset deal is among a slew of mid-market transactions that are keeping secondaries buyers busy, despite a slowdown earlier in the year on the GP-led side.
A mismatch between the supply of potential deals and the number of institutional buyers has given Schroders significant 'bargaining power', says Jun Qian, the firm's head of China PE.
Patria has been preparing to formalise and widen its secondaries business, Secondaries Investor has reported.
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