Silas Sloan

The energy-focused firm's latest $300m secondaries vehicle will target oil and gas, avoiding renewable energy.

While fundraising continues to skyrocket, the amount of dry powder available has remained 'fairly flat', and more capital is needed for the market to keep pace with demand, Evercore's Nigel Dawn tells Secondaries Investor.

The firm is continuing the expansion of its private funds group as demand for secondaries grows.

Secondaries account for an average of 13% of private wealth client portfolios, according to a report from Hamilton Lane.

Strategic Partners has held an initial close of $5bn for Strategic Partners Fund X with 'another major close' expected in the coming weeks, Blackstone's president and COO Jon Gray said on the firm's earnings call. Its $22.2bn Fund IX had committed $19.7bn by year-end 2025.

Blackstone has held an initial close of $5bn for Strategic Partners Fund X with 'another major close' expected in the coming weeks, president and COO Jon Gray said on the firm's earnings call.

Private credit is one of the fastest-growing segments in the secondaries market, reaching at least $20bn in deal volume last year.

Around two-thirds of the over 300 family offices surveyed by JPMorgan have no exposure to secondaries.

The close marks the second notable debut GP-led strategy to close this year after Leonard Green closed on more than $3.6bn last month.

The fund, which remains in market, has exceeded its target by more than $1bn and already marks a significant step up from its $5.8bn predecessor.