private debt secondaries

The German manager is aiming to raise up to €600m for the vehicle that can invest in LP secondaries and GP-led processes.

Angel Island Capital raised $440m for its debut third-party capital fund from a mix of secondaries and primary investors.

We continue the conversation around credit secondaries with reflections on why the strategy may struggle to establish itself.

Private debt is behind other alternative asset classes when it comes to secondary activity and opinions differ as to when it’s worth taking seriously.

Investors remain reticent to commit to private debt secondaries, according to sister title Private Debt Investor's LP Perspectives report.

Felicitas Global Partners has also raised private credit and private equity vehicles as well as separately managed accounts focused on the small end of the market.

Toni Vainio was promoted partner of Pantheon's debt secondaries team, one of 23 investment team promotions.

Verdun Perry, the Blackstone secondaries unit's global head, says the size and age of the private credit market means it is 'not ripe' for secondaries.

Rakesh Jain will help lead the firm's expansion in private credit primaries, secondaries, co-investments and special situations.