Private Wealth

Coller Capital's latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

The acquisition provides Sagard a ‘significant expansion’ into secondaries as it seeks to scale its evergreen product offering, chief executive Paul Desmarais III told Secondaries Investor.

Mavis Huang, former director of intermediary clients, Asia, at Swiss investment firm Vontobel Asset Management, has joined Coller’s Hong Kong office.

The office is the fifth in the Asia-Pacific region for the secondaries pioneer.

Evergreen structures, sophisticated capital pacing models and the use of fund finance have all helped make private markets more accessible for an asset class that remains fundamentally illiquid.

The firm has launched separate private credit and private equity vehicles focusing on mid-market opportunities.

The expansion follows the firm's first SICAV fund, which raised $130m from Canadian clients.