Private equity

The continuation fund for Blue Matter Consulting is ‘one of those CVs that’s happening for the right reasons’, says Baird partner Michael Holgate.

In this episode of PEI Group’s new podcast miniseries, we analyse the key findings from Secondaries Investor’s inaugural Global Market Survey.

The CV market is increasingly focused on ‘best practice terms’ rather than simply getting deals done, partner Joe Zargari tells Secondaries Investor.

People from StepStone, LGT Capital Partners, Kirkland & Ellis and more made affiliate title Private Equity International’s latest list of future PE leaders.

The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.

To try and smooth out pain points in the LP/GP relationship, LPs focus on top priority terms involving key person provisions, how carried interest is distributed throughout the organisation and standard of care/fiduciary duty, ILPA found in a recent sentiment survey.

The GP-led market is expected to see a more ‘mixed-quality’ set of assets come through, according to StepStone’s Philippe Ferneini.

Four debut strategies – including three focused on single-asset CV investments – ranked among the top 10 fundraises in Q1 2026. As LPs seek diversification, expect to see more of these funds drive figures.

The pair expect to expand into real asset secondaries and build out an insurance offering as the secondaries firm plans its next flagship and credit raise.

Even though some return mechanisms secondaries buyers have historically looked to are less attractive in today’s market, the OCIO firm is encouraging its clients to participate in the growing secondaries market both as a buyer and to reshape its programmes as a seller.