SecondaryLink details the firm's full-year secondaries activity, including earnings growth, fundraising, and performance.
We dive into FLEX, outlining the performance, portfolio composition, and other details of the secondaries-focused tender offer fund, leveraging EvergreenLink Data.
SecondaryLink interviews top professionals, hailing from LGT Capital Partners and Winston Taylor, about deal flow, pricing, execution dynamics, and the characteristics shaping transaction quality.
One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.
The increase was driven by continued strength in the firm's evergreen strategies, notably in AlpInvest and asset-backed finance, according to CFO Justin Plouffe.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
The firm plans to adjust the fee structure in its flagship secondaries funds to better align with prevailing market practices.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
The firm's tenth vehicle, which is targeting at least $22 billion in size, arrives as Blackstone's secondaries deployment reaches record levels.
