Secondaries

The astronomic rise of single-asset deals, GP stakes and the increasingly blurred line between M&A and secondaries were among the topics under discussion.

The credit mammoth expects to cross-market strategies between its and Landmark Partners' respective client bases, chief executive Michael Arougheti said.

The $197bn private credit and private equity giant follows TPG and Brookfield in looking to gain exposure to the rapidly growing secondaries market.

Tyrus Capital's Gunter Waldner, formerly of AlpInvest Partners, says the market is still littered with downside risks, making disciplined asset selection more important than ever.

The manager will invest in smaller, off-market opportunities in the LP portfolio- and GP-led markets.

Christophe Bavière will step aside as chief executive of the firm after two decades and join the board of Eurazeo, which acquired a stake in the mid-market firm in 2018.

Two managing directors have been made partners of the Carlyle Group as the firm prepares to expand its London-based secondaries team.

The annual Private Equity International awards are voted for by the industry and hotly contested. Here are all the winners in the secondaries categories.

Several advisors are looking at how special purpose acquisition companies can widen investor access to GP-led secondaries deals, though the obstacles are many.

The firm said its focus on 'targeted transactions' rather than buying large LP portfolios will work to its advantage in the current market.