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.
Tag: secondaries
Alternatives
Coller Capital, Ares Management Raise Billions for Secondaries Funds
The $17 billion raised for Coller International Partners IX is already 70% deployed, while Ares raised $7.1 billion for its inaugural credit strategy.
Corporate Moves
WTW to Acquire Secondaries Manager FlowStone
The acquisition, set to close in early 2026, aims to enhance WTW’s private markets capabilities for institutional and wealth investors.
Market Moves
Secondaries, and Market Complexity, on the Rise
Limited partner-led private equity secondaries are driving the market to record highs, a trend likely to continue and to expand to private credit.
Market Moves
LP-, GP-Led Secondaries Grow to Record Volumes in 2025
In the first half of the year, more than $100 billion in secondaries transactions occurred.
Asset Allocation
As Exits Slow, Venture Secondaries Tick Up
Venture capital stakes are being acquired at attractive discounts while uncertainty puts a pause on IPOs.
Asset Allocation
LP Interest Rises in Secondaries, Private Credit
Private equity and other alternative investments take a back seat, according to Coller Capital’s latest global private capital barometer.
Market Moves
CPP Investments Taps Secondaries Market in $860M Sale
The Canada Pension Plan Investment Board announced the sale of 25 private equity fund interests to Ares and CVC.
Alternatives
With Slower Private Equity Exits, Secondaries Transactions Tick Up
Secondaries volume and pricing increases create an attractive avenue to liquidity for limited partners.
It’s Just the Beginning for Surging Secondary PE Sales
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
Asset Allocation
Canada Pension Plan Investments Lose 0.7% in 1st Half of Fiscal 2024
The pension giant also sold a buyout fund portfolio for C$2 billion and German wind assets for C$374 million.
Continuation Funds Raise Questions About Valuation Risk in Pension Portfolios
As more GPs pursue continuation funds, institutional investors are faced with new questions about the overall risk levels in their portfolios.
Newsmakers
CalPERS Considering Selling Up to $6 Billion in Private Equity Stakes
The report comes after the fund said it would increase its allocation to the asset class.
Corporate Moves
CPPIB Head of Private Equity Jumps to Northleaf Capital Partners
Shane Feeney will oversee the secondaries program at the Toronto-based private markets investment firm.
As GP-Led Secondaries Grow, Investors Seek Transparency
GP-led secondaries had a record-breaking 2018, but new guidelines from ILPA show that investors want more information and more time to consider the deals.