Thanks to the evolution of a robust private market ecosystem that includes private credit, secondaries and unprecedented amounts of capital, companies are growing bigger and staying private for longer than ever before. Nevertheless, the dream to go public is still very much alive.
10 min read · 10 November 2025
Founder Ron Dickerman expects his firm will begin deploying capital next year amid a ‘very intriguing’ time to explore real estate secondaries in the region.
4 min read · 07 November 2025
Most real estate GPs have either completed a recap or are actively exploring one, according to Scott Koenig, head of real estate secondaries at Neuberger Berman.
2 min read · 07 November 2025
The top force fuelling M&A among private markets managers is the ambition to become as relevant to private wealth and insurance money tomorrow as institutional capital today.
9 min read · 27 October 2025
As StepStone and Greykite’s €1.5bn recapitalisation shows, some of the most compelling deal opportunities are coming from non-real estate sponsors.
3 min read · 23 October 2025
Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It’s an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.
10 min read · 20 October 2025
Private markets’ enthusiasm for the retail space is no fleeting trend, according to data from recent industry studies.
3 min read · 20 October 2025
In conjunction with the transaction, StepStone has increased its record-breaking SREP V secondaries fundraise to €5.3bn.
5 min read · 15 October 2025
More capital was raised for the strategy between Q1 and Q3 than the $118bn gathered in 2023.
2 min read · 15 October 2025
With globalisation in retreat, the implications for private investment are complex. In areas like manufacturing, the push is toward reshoring of portfolio company operations. In risk management, many investors see diversifying their global exposure as key.
10 min read · 14 October 2025
