Hannah Zhang
Most credit LPs are 'grateful' when GPs explore CVs to help them assess their options, a panellist said at PEI Group’s Private Debt Investor New York Forum.
More secondaries investors are doubling down through CV-on-CV transactions, bringing price discovery and other potential conflicts into sharper focus.
The hires follow senior departures within Morgan Stanley’s secondaries advisory business earlier this year.
The alternatives giant led a consortium of investors on the approximate €1.7bn acquisition of ITP Aero in a carve out from Rolls-Royce in 2022.
Golub Capital launched its GP-led strategy last September, pledging to commit $1bn.
While an increasing number of LPs are embracing CVs, they remain wary of overreliance on the structures, said panellists at IPEM Global in Paris.
The close of the asset manager's $1.5bn CFO marks the latest example of its work to expand its private markets offering to a wider set of investors, co-head of private markets product at Franklin Templeton, Jake Williams, tells PEI Secondaries Investor.
A total of 66 CVs were known to have closed in the first half of 2026, up significantly from the 40 logged during the same period last year.
Over 95% of LPs in Gainline's original fund housing the asset elected to take the liquidity option provided to them in the transaction, PEI Secondaries Investor understands.
A new name at the top of SI 50 shows how consolidation is changing the competitive landscape in the buyer universe.