Fundraising

Alternatives has more than $6trn in assets under management, and only about $100bn of that trades hands in secondaries, according to the firm's president Jonathan Gray.

Secondaries funds have raised record amounts so far this year and a big Q4 is likely – take a closer look at the figures in our latest interactive report.

Managing director Ben Wilson and director Alec Brown joined the $10bn asset manager from Pantheon in June last year after the departure of its secondaries co-heads.

The firm has invested in deals including last year's Allied Universal single-asset process, among other concentrated, growth-oriented secondaries transactions.

The investment firm has collected 70% more for its latest fund than its 2015-vintage predecessor.

The firm targets underperforming funds and difficult situations, which it says have increased as a result of covid-19.

The niche firm has raised $350m for Sweetwater Secondaries Fund II, which targets 'buyer-led secondaries' deals.

Secondaries deals Arcano has backed include a €50m tender offer involving German GP Emeram and the restructuring of Duke Street Capital VI.

The pandemic may not have triggered a wave of secondaries buying opportunities, but the effects of the coronavirus are manifesting themselves in subtle and significant ways.

StepStone Real Estate Partners IV, which has been in market since April last year, raised twice as much as its predecessor to invest in complex secondaries deals.