Private wealth’s one-stop shop for secondaries

The SEC’s decision to grant Coller Capital and Pantheon permission to shop their secondaries-focused evergreen vehicles to high-net-worth investors could prompt more players to follow suit.

By Madeleine Farman

Secondaries players are stepping up efforts to launch evergreen vehicles granting high-net-worth investors exclusive access to the sub-asset class.

Both Pantheon ’s AMG Pantheon Credit Solutions Fund and Coller Capital ’s Coller Secondaries Private Equity Opportunities Fund have been given the regulatory green light by the US Securities and Exchange Commission in recent months.

While some evergreen vehicles already boasted a heavy weighting to secondaries, the launch of vehicles dedicated to secondaries alone could pique the interest of market participants concerned over the secondaries industry’s lack of capital relative to demand.

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