Guest Commentary

Better to keep than pass the parcel – the timely case for CVs

Critics argue CVs entrench managers or delay inevitable exits. However, structured with transparency and fairness, these funds align interests rather than obscure them, writes AEA Investors’ and Painswick Capital’s John Garcia.

4 min read · 15 April 2026

Piper Sandler’s Andy Nick: three out of 10 GP portcos could go into a CV

The firm is looking to double the size of its ‘small but mighty’ secondaries team in the next 18 months.

4 min read · 10 July 2025

What’s driving the rise in private credit CVs?

While continuation funds offer a solve for managing complexities in private credit, managers must be mindful of the challenges.

3 min read · 12 February 2025

StepStone: Bigger fund won’t change the firm’s focus

The firm is fresh off raising its largest fund ever, StepStone Secondary Opportunities Fund V, which totalled $7.4bn across its entire programme.

4 min read · 15 October 2024

How secondaries can turbocharge evergreen PE funds

A focus on secondaries can deliver strong advantages for new open-end private equity funds, writes Nadim Vasanji, a managing director at Northleaf Capital Partners.

4 min read · 21 August 2023

Minority recaps: An attractive alternative to GP-led continuation vehicles

Such transactions can generate liquidity for LPs, validate a mark and allow a GP to retain control of a well-performing asset, says Todd Miller of W Capital Group.

4 min read · 07 March 2023

Five myths busted about continuation vehicles and GP-led secondaries

Many criticisms of these popular tools that are used to hold assets for longer don’t hold water, write Jeff Hammer and Paul Sanabria, global co-heads of secondaries for Manulife Investment Management.

4 min read · 17 January 2023

Campbell Lutyens: A slice of the action

Increasingly seen as a solution to a range of GP funding needs and as an attractive source of returns, minority GP stake sales are on the rise, says Thomas Liaudet in this sponsored Q&A.

7 min read · 04 January 2023

Pomona Capital: Navigating in stormy conditions

While there are expected to be plenty of new opportunities in the secondaries market over the coming period, success will require experience and a considered approach, says Pomona Capital’s Michael Granoff in this sponsored Q&A.

7 min read · 02 January 2023

Industry Ventures on the present and future of VC secondaries, part 2

Hans Swildens, Jonathan Ting and Wade Cobb of Industry Ventures give six predictions on the rapidly growing VC secondaries market.

6 min read · 24 October 2022

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