Adviser

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.

Secondaries Investor Advisory Survey 2025: Advisers broaden mandates beyond PE

The average reported deal value per adviser went up $3bn from 2023, reflecting a surge in activity as secondaries activity hit historic levels in 2024.

‘Intellectual attention’ diverted elsewhere behind APAC’s sluggish secondaries growth

The utilisation of SPACs and manager consolidation had detracted the region’s attention away from the secondaries market, Jefferies’s head of Asia financial sponsors Lars Aagaard argues.

UBS’s head of EMEA secondaries to depart

The investment bank is the latest adviser to see one of its senior leaders depart as market moves continue in earnest.

Kirkland to lose PE funds duo in Hong Kong

Jamie Hill and Michelle Cheh are both 10-year veterans of the firm.

Evercore hires Blackstone restructuring exec in private credit push

The investment bank sees ‘significant opportunity’ in private debt secondaries as demand for flexible liquidity options in the asset class grows.

Raymond James taps UBS for NY secondaries advisory hire

The advisory side of the secondaries market has been hot this year as talent continues to move around.

CVs offer lower return dispersion compared with buyout funds – Evercore

A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.

Around half of buyers expect increased deployment in 2025 amid volatility – Lazard

A large portion of secondaries investors expect to increase ticket sizes this year, according to a snapshot report.

DC Advisory Paris exec no longer with firm

The investment banking arm of Japanese financial services conglomerate Daiwa Securities Group previously said it was shutting its France office.