Editor Insights

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

As the secondaries market braces itself for the next round of macroeconomic uncertainty, there is a playbook based on previous choppy markets.

From increased LP selling to a new normal for CVs, here are some of the events that attendees at PEI Group’s NEXUS 2026 conference expect to see in the secondaries market this year.

We’ll hear the latest on the market’s innovation, capitalisation, tailwinds and headwinds at PEI Group’s Nexus 2026.

Will we finally see a wave of IPOs this year, or will VC GPs have to turn to the secondaries market to deliver liquidity to their investors?

Pressures in private equity continued in 2025, with fundraising dipping by 17% year on year in 2025.

Private markets participants have hypothesised that the GP-led market will shrink when the M&A market picks up. That didn’t happen in 2025.

Credit secondaries ranked second only to PE in deal volume across both LP-led and GP-led transactions in 2025.

Under the TPA an LP’s selling decision is more likely to be driven by opportunistic considerations, rather than breaches of asset allocation targets.

Secondaries professionals share their insights into what they believe will continue to drive market activity in the New Year.