Editor Insights

Presenting: the buyer-led secondaries deal.

Some 450 private markets professionals attended PEI Group’s 2025 Women in Private Markets Summit this week. With liquidity on the minds of many, the secondaries market was front and centre.

Tariff turmoil could battle test the resolve of individual investors and their suitability for the burgeoning community of semi-liquid private markets funds.

Yale’s sizeable portfolio sale could spur a number of endowments to follow suit – with programmatic seller Harvard in market alongside it.

The credit secondaries market is being rolled out ‘on steroids’, says Coller’s Michael Schad on the latest episode of Second Thoughts.

While some LPs that had planned to sell into the secondaries market this year are mulling whether the time is right, others are ploughing ahead with their processes – for now.

The secondaries market is shrouded in uncertainty after this week’s volatility. There are, however, reasons to remain upbeat over the longer term.

PE firms with more knowledge about assets through their secondaries strategies could be more aggressive in the M&A bidding process.

Conference-goers at the BVCA’s secondaries conference this week mulled over the market’s future, with bifurcation at the heart of some predictions.

Some LPs are thrilled with the options being offered amid rising portfolio sale activity, while others are less receptive.