Quilvest has appointed Charles Aponso as head of its global secondaries strategy, a move that signals the firm's expanding focus on the secondary market. Aponso, a partner at the firm, will lead the strategy across its global platform.
The appointment comes as Quilvest is understood to be raising its first dedicated secondaries fund. The vehicle is expected to focus on GP-led deals, transactions in which a general partner moves assets into a new continuation vehicle or otherwise restructures existing holdings. GP-led activity has become a central part of the secondaries market as managers seek liquidity for limited partners while retaining exposure to high-performing assets.
The move reflects a broader trend among private markets firms to build out dedicated secondaries capabilities. Established managers and newer entrants alike have been adding senior specialists and launching targeted strategies as demand for liquidity solutions has grown across private equity and related asset classes.
Quilvest's decision to pair a senior leadership hire with a dedicated fund suggests a more structured approach to the segment. Dedicated teams and vehicles can help a firm source deal flow, underwrite complex transactions and build relationships with general partners and investors active in the space.
The source article is part of a subscription-based publication, and full details on the fund's target size and timing were not available in the material reviewed.
Source: Secondaries Investor · Summarized by HeadlinesBriefing