Editor Insights

The next round of musical chairs

No matter how successful the build out of a secondaries team has been, senior talent staying put is not a given.

Credit secondaries’ growth may lie within the asset, cashflow divide

The growth of private debt’s secondaries market has been rapid, mirroring to an extent its private equity equivalent. But greater specialisation may become a differentiating feature.

What a record fundraise and record year say about the market’s future

Ardian’s $30bn haul and Evercore’s estimate of $160bn in deal volume suggest the next phase of the market’s development has begun.

A footnote on secondaries fundraising

While fundraising figures are down from record-breaking numbers in 2024, it would be remiss not to consider the impact of evergreen capital on the market.

All hands on deck for 2025

The secondaries market anticipated a record year for activity in 2024. Don’t expect a slowdown over the coming 12 months.

Our most-read stories of 2024

Fundraising, deal volume, new entrants and people news piqued readers’ attention in what was another dramatic year for the secondaries market.

Onions, outrageous predictions and what’s in store for 2025

Our latest episode of Second Thoughts involved a basket of onions, a permanent marker and two well-respected professionals from Kirkland & Ellis and CVC Secondary Partners.

Will there be more Kodak moments in the secondaries market?

The Kodak-Mastercard Foundation transaction suggests further corporate sellers may come to the secondaries market as they go through structural shifts.

Creating a legacy in the tail-end secondaries market

Hollyport’s John Carter and Elm Capital’s Etienne Deshormes delve into why the opportunity in the tail-end secondaries market has grown, yet the number of buyers remains concentrated.

The secondaries market just took collaboration to a new level

Some of the secondaries market’s biggest buyers have committed LP capital to Accel-KKR’s debut blindpool secondaries fund. What gives?