Alternatives
Secondaries Volume Reached Record in 2025 as LPs Embrace Market
The record $226 billion in transactions in 2025 rose 41% year-over-year, according to data from Evercore Private Capital Advisory.
The transaction’s strategic investors include the Qatar Investment Authority, Sun Hung Kai & Co. Ltd. and MassMutual.
The Abu Dhabi Investment Council filed a complaint against the Energy & Minerals Group related to the sale of fund assets into a continuation vehicle.
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
The deal is also expected to bring more than $5 billion to Hamilton Lane over 10 years.
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.