Editor Insights

How do continuation funds really perform?

Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis

Welcome to the era of the secondaries operating partner

Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.

The blurred lines between a private IPO and a continuation fund

Private equity continues to face a liquidity crunch. Could a new technology for exits be on the horizon?

All eyes on infra and the dealflow uptick to come

Three infrastructure managers were snapped up during a week where Pantheon has raised the market’s biggest ever secondaries fund focusing on the asset class.

Cost of capital front of mind as Lexington closes industry’s biggest fund

The firm’s $22.7bn haul this week comes at a time when institutional investors are assessing the opportunity cost of their investments.

Secondaries is driving advisory consolidation

Advisories with secondaries capabilities are proving particularly attractive in the race to offer clients a one-stop-shop.

The year that continuation funds broke new ground

In 2023, continuation funds spread to geographic markets anew and niche strategies such as impact funds, while increasingly involving complex situations and assets.

Move over, debt funds – RE secondaries are driving appetite, too

Two historic fundraises in the space of a week tell us much about where real estate investors see opportunities for returns in a fractured market.

Three spaces to watch in the market at year’s end

As we approach the end of 2023, here are three areas to keep an eye on – and yes, they all relate to the secondaries market’s capitalisation.

MassPRIM primed for continuation funds

Continuation funds are now part of the private markets play book. MassPRIM has approved a policy that will give its investment team more flexibility to back these vehicles as the opportunity rolls in.