SecondaryLink reviews the firm's fundraising efforts and performance of its secondaries strategy.
The second vintage of the secondary strategy has reached half of its €500 million target, and the programme has completed five investments across GP- and LP-led transactions.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The "secondaries of secondaries" strategy targets existing investors' interests in private equity secondary funds.
Secondary Opportunities Fund VI will target buyout fund investments in the private equity secondaries middle market.
The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
"The successful launch of our Credit Secondaries Fund reflects growing investor demand for dedicated private credit secondary solutions," said CIO Fred Pollock.
The India-focused vehicle has a target size of $75 million and will allocate capital across primaries, secondaries, and co-investments.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
The vehicle, which held a second close, offers investors access to a diversified portfolio of credit secondaries through either equity or debt.
