LP-led sales made up 52% of the record $152bn of secondaries volume seen last year, according to Lazard's latest market report.
The mega-LP will commit funds to the private assets platform for individuals.
Because of the supply crunch, GPs have since 2022 been keeping their funds open longer, hoping to wait out LPs with liquidity issues caused by overallocation and weak distributions.
There have been cases when continuation funds have been 'misused and overused,' according to Teia Merring, senior investment director at USS and chair of ILPA.
Software provider eyes cross-selling to GPs in the near term, with new capabilities envisioned down the road.
Having a team with a strong track record is a priority for most LPs looking at first-time fund managers, Coller Capital survey finds.
Securitize co-founder and president says the company is 'ecstatic' about the nomination.
Diverse collateral mix of secondaries, portfolio finance and co-investments helps Carlyle unit close above target on $1bn.
Pilot product helps LPs conduct cost-benefit analyses and lets smaller GPs act without advisers.
But it’s still a tough market for new GPs, given continued fierce competition for scarce investment capital.