The top 50 of this year’s PEI 300, our ranking of the largest funds in the industry based on five-year fundraising totals, have continued to widened their offerings into once niche strategies.
Firms continue to show interest in assets being held for longer in the private market ecosystem via dedicated long-hold strategies such as EQT, which said this month it had launched a long-hold strategy with an inaugural investment.
Apollo Global Management made waves with its launch of a credit secondaries unit, which affiliate title Secondaries Investor broke the news of in April. It also has plans to launch into private equity secondaries. Ares Management entered the secondaries market in March by buying one of its most well-known operators, Landmark Partners.
ESG continues to emerge as a strategy in its own right. Canadian juggernaut Brookfield Asset Management plans to close its first-of-a-kind impact-focused Brookfield Global Transition Fund later this year, as is it expands its suite of secondaries coverage across real estate, infrastructure and private equity.
Below is a list of the industry’s 50 biggest players and the strategies they manage.
– Carmela Mendoza and Philippa Kent contributed to this report.