The private equity secondaries sector raised US$85 billion in 2023 and saw $111 billion of transaction volumes.
The acquisition also bolsters the firm’s presence in North America, including the US which is a key region for secondaries investing.
“We are delighted to join forces with W Capital Partners, which is well-established in the US and known for its strong expertise,” said Marco Morelli, executive chairman of AXA IM.
“We had identified GP-led and direct secondaries as a key strategy for our portfolio of private equity products and had been looking for an approach that would combine the right levels of creativity, valuation skills and structuring expertise,” added Pascal Christory, chief executive of AXA IM Prime.
Source: Funds Europe