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private debt secondaries

Winter thermometer
As private equity secondaries become more commonplace, a clear rationale for the value a transaction creates is key.
Calvin Marks joins the Pasadena-based firm as it invests its second niche secondaries fund, which closed in August on $213.4m.
The team co-led by Earl Hunt was launched in April with $1bn to deploy and promises of being a 'category killer' in the credit secondaries market.
The Hong Kong-based partner reflects on how debt secondaries are maturing in Asia-Pacific and his role in Ping An and Coller Capital's recent credit secondaries deal.
Niche buyer Felicitas targets fund stakes, direct secondaries, preferred equity and fund financings at the small end of the market.
Deal closed three months after Secondaries Investor reported the alternatives giant was set to back the transaction.
The deal comes off the back of several similar processes the insurance giant unit has undertaken over the past three years.
Ares' close of the Landmark Partners acquisition this quarter, along with strong fundraising, helped boost the firm's AUM to nearly a quarter trillion dollars.
The advisory firm has promoted two partners and three managing directors across its London, New York and Chicago offices.
Women from two managers, a sovereign wealth fund and a law firm represented the secondaries market in the inaugural Women of Influence list.

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