Managers

The Duravant process is among a slew of single-asset processes to hit the market since last year, which is helping to drive total deal volume to record levels.

Drivers of 2021's robust fundraising – an accelerated pace, bigger tickets, LPs pressing allocation limits and hot strategies like growth equity, tech and the energy transition – will likely also feature in 2022's market.

The firm entered the private equity secondaries market in April and led its first deal in May, involving an Alpine Investors portfolio company.

LPs are focusing their attention on GP commitments and fund sizes, as well as more protections, in a heady fundraising environment.

The fundraise comes months after GSAM listed a Petershill portfolio of 19 GP stakes on the London Stock Exchange’s main market in a deal valued at more than $5bn.

Ares’ Special Opportunities was launched in 2017 by Scott Graves, a partner and co-head of the private equity group, who joined the same year following a career at Oaktree Capital Management.

The firm's group is among a new crop of secondaries buyers joining a market that continues to grow at a frenetic pace.

The Menlo Park, California-based asset manager has held a final close on separate funds for growth, venture and bio.

Baratta's shares his New Year's resolution, books he's reading and high and low career moments, as well as his fantasy management role in the NFL.

The CalPERS sale is among a slew of traditional LP portfolio sales to hit the market since the fall, with prices high and buyer interest piqued by more diversified investments.