We analyze the subscriptions, redemptions, net capital share transactions, and distributions across '40 Act secondary funds, leveraging EvergreenLink data.
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 partnership seeks to expand access to the alternative asset class across secondaries, private credit, private equity, venture capital, and real assets.
Institutional Link maps the fair value, cost, acquisition timeline, and more details for perpetual capital's most invested-in Q4 continuation fund.
Institutional Link analyzes the top performing '40 act secondary funds as of Q3 across one-, three-, and five-year periods, as the strategy continues to outperform peer groups.
The $1 billion combination of a solid waste management asset secured over $400 million in new equity capital, along with debt financing from a syndicate led by Ares Capital.
SecondaryLink analyzes the subscriptions, redemptions, net capital share transactions, and distributions across '40 Act secondary funds, using data from the SecLink Evergreen Screener.
The platform now gives accredited investors exposure to three '40 Act funds, including secondaries-focused StepStone Private Markets.
