"AGSS highlights the increasing demand for tailored GP solutions in today's market environment and the innovative leadership of the Ares Secondaries platform," said Co-President Blair Jacobson.
The strategy will focus on single-asset continuation vehicles alongside existing sponsor relationships.
The inaugural North Haven Growth & Innovation Fund provides flexible capital across primary and secondary transactions, including company-led liquidity solutions.
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 €120 million vehicle is backed by anchor investor CommonWealth Investments, alongside Blue Earth Capital and Swisscanto.
The strategy is reportedly targeting $1 billion, three years after General Atlantic took a minority stake in Clipway.
StepStone Secondaries Infrastructure Fund is approximately 50% deployed across LP-interest and GP-led transactions.
Founded in 2000, Saints Capital specializes in venture secondaries with a focus on GP-led transactions.
Founded in 2007, PennantPark is a mid-market-focused private credit manager with around $10 billion in AUM.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
