Editor Insights

LPs are right to be worried about the ‘Uber-isation’ of private markets

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.

Will CVs become evergreen capital’s next battleground?

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.

Real estate secondaries is becoming a crossover play

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

How 2025 set a full-year fundraising record in just nine months

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

Introducing Secondaries Investor’s Global Market Survey

Secondaries Investor launches its inaugural Global Market Survey to map the market, its drivers and the changing nature of the asset class.

The GP stakes secondaries stop-gap

While there is growing demand for liquidity in the GP stakes market, significant structural barriers keep capital locked up.

Secondaries is emerging as an impact opportunity

As impact investors increasingly seek liquidity, sustainable secondaries funds are ‘drinking out of a fire hose’.

Why run a credit CV?

It is more in credit GPs’ interests to actively pursue liquidity than remain passive with tail-end portfolios.

VC’s continuation fund barriers

There is heightened interest in continuation funds within the venture space, yet these vehicles may not be best suited to most managers.

Can there be a $50bn secondaries fund? There’s no reason why not

The Secondaries Investor 50 ranking shows fundraising is on an ever upward trajectory – and few are predicting when it will stop.