Editor Insights

Secondaries builds the infrastructure

Blackstone Strategic Partners anchored EQT’s new AI Infrastructure Fund. Once again, secondaries has created a blueprint for loftier goals.

New and old faces

Hollyport Capital has chosen to remain independent, accepting the backing of Blue Owl in a move that reflects how the industry’s growth is likely to be fuelled.

Behind GP-leds’ banner H1 figures

Market volatility only tells part of the story of the GP-led market’s domination in the first six months of the year, with fundraising and expansion into new asset classes also driving growth.

The shorter the hold, the higher the burden

Assessing a quick-flip continuation vehicle on the asset’s hold period alone is an imperfect metric.

How much is too much leverage in CVs?

While lenders and buyers have both grown more accepting of leverage use in continuation funds, divisions remain over when and how these tools should be used.

Real estate’s decisive adoption

The secondaries market is increasingly used to reconcile competing investor objectives with a broadening base of investors flocking to the asset class. These developments are permanent.

Changing with the market

Introducing Secondaries Investor’s new and improved Advisory and Law Firm surveys – a more granular way of tracking an increasingly sophisticated marketplace.

The art of self-governance

There’s reasons on all sides to settle on market practice when it comes to continuation vehicle guidance – lest regulators decide it for you.

Secondaries may have a benchmarking problem

The lack of standardisation when it comes to benchmarking secondaries raises questions about how the strategy should be measured and whether traditional PE benchmarks are a good fit.

Achieving scale in infra secondaries

The sub-asset class has been described as one of the most undercapitalised private market strategies – while estimates for future growth are high, there are structural elements to consider.