Chris Witkowsky
The firm last year brought on Leon Brujis, a Palladium Equity executive, to lead its East Coast office out of New York.
The firm also has been working on a two-asset continuation fund deal as a way to deliver liquidity to LPs in its older Fund III.
The firm closed its debut fund on $850m earlier this year and is set to explore a market ripe with opportunity as sellers, for various reasons, seek liquidity in 2025.
The firm is among many in the middle market making changes as a result of the tough fundraising environment.
The deal is set to kick off a year that is expected to bring many sellers to market as LPs and GPs continue to seek ways to get distributions to investors in older funds.
Will a drab 2024 market turn into a more fruitful 2025? Our panel of insiders share their insights and try to discern what's going on with the 'bottom of the iceberg' in a variety of areas.
After another busy year in the secondaries market, demand for capital solutions shows no signs of abating as both GPs and LPs navigate a shifting market backdrop.
Warburg’s move comes as several other large GPs have built out internal secondary capabilities, including TPG and Leonard Green.
The recommitment to its core strategy will allow the firm to potentially take advantage of the environment, in which corporate carveout activity is on the rise.
All players, GPs and LPs, are getting more sophisticated in the CV world and the processes around these deals will continue to evolve.