private debt secondaries

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.

Paris-based investment manager Tikehau hired StepStone's Olga Kosters to head up the strategy in November.

The tough environment for SMEs and the business development companies that fund them represents an opportunity in a burgeoning strategy.

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.