Private equity

The LP secondaries specialist became a Charlesbank Capital Partners portfolio company this month.

The pension fund is set to make its second cut to its PE target in four years, with the LP suggesting it may make secondaries sales in specific scenarios.

Overbay will retain control and independence of all investment activities following the investment.

PEI Group’s latest GP-led Secondaries report uncovers what comes next for this burgeoning corner of the market.

The firm is joining a growing number of PE entrants expanding into the secondaries market, Secondaries Investor understands.

The investment bank and placement agent will together focus on co-control deals where GPs are seeking to sell part of a stake via M&A and move the remainder into a CV.

A&M Capital’s secondaries strategy has a focus on mid-market and smaller deals, which is believes offers a more attractive risk-return profile than the larger end, managing partner Jeremy Weisberg said at NEXUS 2026.

The $3bn-plus portfolio sale dubbed Project Ember includes a portion of equal strips to buyout funds, Secondaries Investor understands.

Sebastien Siou, a former Secondaries Investor Next Gen Leader, joined the LP portfolio-focused firm in 2024.

LPs are taking an increasingly proactive approach to the secondaries market, while CVs will represent 10-20% of PE exits, managing partner Yann Robard said at NEXUS 2026.