direct secondaries

The VC secondaries market is booming but buyers should beware entering a booming market at a time of sweeping change.

Ardian has backed several sizeable deals designed to grow an investment manager's third-party AUM, involving groups such as Mubadala and John Hancock.

The asset management arm of Abu Dhabi's second-largest SWF has sold a portfolio of assets to a group led by BlackRock and received a $400m primary commitment.

The new entity – Bee Alternatives – plans to raise approximately $280m across two feeder funds, one managed by the firm and another by Ant Capital.

'Are we smart financiers or do we really get into the technology? No, we’re psychologists', managing partner Hugh Stewart tells Secondaries Investor.

The California firm, founded by StepStone's former secondaries head, targets 'buyer-driven' secondaries deals in the tech, healthcare and consumer sectors.

The direct secondaries investor has made three exits in as many months and is mulling its first commingled fundraise.

Argosy Strategic Partners is led by former Willowridge Partners executive Christopher Kim and targets small portfolio and direct secondaries deals.

TR's deal uses China’s QFLP structure, which permits select foreign managers to invest onshore in yuan using capital raised offshore.

Activity is driven by secondaries and funds of funds aiming to lock in returns and liquidate old vehicles, according to managing partner Etienne Deshorme.