Manager Strategy

Europe's largest asset manager has been scoping out building an internal team dedicated to the strategy since at least last year.

Four ways the AI and machine learning-focused firm is deploying its tech-enabled secondaries system in the LP portfolio market.

The comments come two months after the asset manager said it was considering acquiring a secondaries firm.

Alts now account for nearly one-fifth of the firm’s $1.37trn assets under management, driven by manager acquisitions and inflows from the wealth channel.

The firm, founded by former Ardian and Coller Capital professionals, has also received a minority investment from French asset manager Carmignac.

The firm's GP Equity Solutions product – co-led by Sebastiaan Van Den Berg and Michal Lange – will invest in global B2B niche leaders.

Secondaries is one of four verticals the Canadian asset management giant could look at for an acquisition.

The NASDAQ-listed investment firm already offers secondaries to its investors alongside funds of funds and co-investments.

Coller Capital's founder said in 2017 his firm would only become multi-shareholder when he has grey hair; its deal with Hunter Point this week shows the firm is moving to its next stage of ownership.

The Nice-headquartered secondaries firm is deploying its fourth fund, which closed above its hard-cap in March.