The continuation vehicle opportunity
Continuation vehicles represent the vast majority of transactions in the GP-led market today, says Manulife Investment Management’s global head of co-secondaries Jeff Hammer.
And against the backdrop of the firm’s LPs showing an increased appetite towards GP-led opportunities, it comes as little surprise that Manulife last week announced the final close of its Manulife Strategic Secondaries Fund on €563m.
With the first close completed in June 2022, the fund has already commenced its deployment phase.
Our senior reporter Silvia Iacovcich catches up with Hammer, who is also co-portfolio manager on the fund, to learn more about the fund’s LP base, how the continuation vehicle transaction process has become refined over time, and what the firm expects during the course of 2024.
Find out more by clicking on our top story below.
Xhulio Ismalaj
Reporter
xhulio.ismalaj@realdealsmedia.com