Limited Partners

GP-led deal volume hit an all-time high in 2025, but record growth doesn’t necessarily equate to LP satisfaction with continuation vehicle processes.

The $3bn-plus portfolio sale dubbed Project Ember includes a portion of equal strips to buyout funds, Secondaries Investor understands.

‘Today’s market for secondaries has evolved to a market of asset selection and cherry picking,’ Ardian’s Wilfred Small told attendees at PEI’s conference.

In the first episode of PEI Group’s new podcast series Commitment Issues, Yangge Seaman of Children’s Health and Steven Batchelor of Hg discuss how both sides are seeking greater liquidity from their portfolios

Temasek’s Azalea Investment Management expects more GPs to use the technology to crystallise liquidity for LPs, according to managing director Justin Keh.

In this edition of Secondaries Investor’s Second Thoughts podcast, Evercore’s global head of private capital advisory Nigel Dawn discusses the outlook for activity in 2026 and the key trends shaping the capitalisation of the market over the longer term.

We’ll hear the latest on the market’s innovation, capitalisation, tailwinds and headwinds at PEI Group’s Nexus 2026.

Pricing on VC secondaries is less attractive now, says Schroders Capital venture chief Steven Yang.

Narrow discounts mean infrastructure remains a first port of call for secondaries sellers.

The $123bn pension system’s latest ambitions follow the creation of a GP-led-focused investment role in 2024.