Editor Insights

Secondaries Investor reviews predictions made at the start of 2025 to see which expectations became reality.

Do limited partner advisory committees have any relevance in a world where a sole LP wants to have its day in court?

Another CV failure has recently grabbed headlines. The secondaries market is limited on publicly celebrating its wins.

Why conditions in the private markets impact investing space could finally be ripe for secondaries activity.

With more players and larger funds, the secondaries market is seeing a lot of CVs north of $1bn. The long-term growth of sizeable deals requires significant backing.

Despite a growing number of new entrants, buyers aren’t concerned about increased competition in this abundant part of the market. How long can this last?

Retail capital focuses on liquidity and consistently high returns – factors that don’t always found the basis of a long-term partnership in private markets.

While some investors recognise the benefits of evergreen funds participating in GP-led deals, others view the space as a ‘wild west’ that requires greater discipline.

As StepStone and Greykite’s €1.5bn recapitalisation shows, some of the most compelling deal opportunities are coming from non-real estate sponsors.

Investor enthusiasm for secondaries is no secret, and it has manifested in some eye-popping fundraising figures.