Commentary

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.

Bego: GP-led continuation vehicles still in demand, even as M&A picks up

There’s a growing set of more than 28,000 buyout companies with diminished IPO and M&A exit avenues, according to Kline Hill Partners’ Mike Bego.

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.

AXA on the tailwinds and headwinds affecting infrastructure secondaries

Infrastructure secondaries will benefit from the same drivers of turnover as the private equity market, write AXA IM Prime’s Jean-Pascal Asseman and Faraz Qureshi.

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?

Secondaries’ next talent challenge

Retaining talent and maintaining the industry’s culture will be one of the secondaries market’s biggest long-term challenges.

The rise of the DIY CV

All players – GPs and LPs – are getting more sophisticated in the CV world, and the processes around these deals will continue to evolve.