Limited Partners

The Australian superannuation fund, which was looking to sell prior to the US’s tariff announcements, is facing difficulty gauging pricing amid recent uncertainty, head of PE Jenny Newmarch tells Secondaries Investor.

Here are responses from industry thought leaders including Goldman Sachs, Carlyle, Apollo and NYCRS across areas such as dealmaking, fundraising and secondaries.

In the latest edition of Secondaries Investor’s Second Thoughts, our journalists discuss key takeaways from LPs and buyers at PEI Group’s NEXUS conference as secondaries volume continues to smash records.

A number of large-scale LP-led deals have moved through the secondaries market in recent years yielding good outcomes for sellers, William Blair director Jake Stuiver said in a video interview at NEXUS 2025.

Secondaries were seen as offering the best investment opportunities for about 28% of LPs this year, up from 24% in 2023, according to a survey from Adams Street Partners.

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

Rising acceptance of continuation funds could drive further growth in the GP-led space, industry participants said at PEI Group’s NEXUS 2025 event in Orlando last week.

The risk mitigation benefit ‘is an overlooked facet of what is attractive on some of these continuation vehicles’, head of investment strategy Drew Schardt tells Secondaries Investor.

The biggest names in the secondaries market will gather in Florida at PEI Group’s NEXUS 2025 conference next week to map out the key trends that will shape the market in the year ahead.

The pension fund’s portfolio is the latest LP-led deal to come out of the APAC region.