Chris Witkowsky

HarbourVest and Goldman Sachs are understood to be the lead buyers on the multi-asset continuation fund and a single-asset continuation fund, respectively.

'We like GPs that have an exit committee or a real disciplined process around managing exits,' Kadziela told PEI Group's Chris Witkowsky at NEXUS 2025.

Eneasz Kadziela, in charge of running billions of dollars of private equity exposure for New York City’s pension system, will be a featured speaker at PEI Group's upcoming NEXUS 2025.

Infrastructure/real asset deals accounted for about 6% of the $84bn of GP-led volume last year, according to a Greenhill report.

While some believe exit activity will pick up this year along with overall investment activity, PE-backed assets held in older funds continue to grow.

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.

GP-led deals represented about 46% of the $40bn-$45bn of secondaries volume in the third quarter, according to research from PJT Park Hill.

The firm was best positioned to know the asset well, which helped inform its ability to set an appropriate price, Kian managing partner Kevin McCarthy said in an interview.

Diversis, formed in 2013, acquired a majority stake in Tempo in 2018, and bought the rest of the company in 2022.

Huron’s specialized strategy will make use of its ExecFactor process, in which the firm partners with an industry executive to invest in certain industries and businesses.