Investors

The pension fund is set to make its second cut to its PE target in four years, with the LP suggesting it may make secondaries sales in specific scenarios.

The platform will focus on opportunities in the US and Europe, with future growth contingent upon its track record.

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.

From increased LP selling to a new normal for CVs, here are some of the events that attendees at PEI Group’s NEXUS 2026 conference expect to see in the secondaries market this year.

The pension giant aims to deploy about C$20bn into private equity this year, global head of PE Caitlin Gubbels tells PEI.

‘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.

The structure will consist of a portfolio of 22 infrastructure assets that are held by the firm’s legacy funds.

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.

The pension has been actively pursuing opportunities in the secondaries market over the past few years.

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