Lps

While an increasing number of LPs are embracing CVs, they remain wary of overreliance on the structures, said panellists at IPEM Global in Paris.

Being a ‘co-operative partner’ during LP-led transactions can have hidden benefits, a private equity GP tells PEI Group’s Commitment Issues podcast.

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

Montana Capital Partners’ new head of Middle East secondaries investments joins from Mubadala Capital and previously spent over a decade at Ardian, Secondaries Investor has learned.

The institution is looking to boost its infrastructure exposure and eyeing further opportunities in private equity and real estate secondaries, says founder and CEO Antoine Prudent.

Co-investments and single-asset CVs offer investors ‘greater control’, partner Zach Jackson says.

Some institutions are expected to lean into equity-based strategies as they seek a new home for 2026 credit allocations.

Churchill, whose parent Nuveen Private Capital received backing from Temasek last year, and the Singaporean investor’s asset management platform Seviora formed the vehicle with collateral spanning PE and private credit, including PE secondaries.

The investment manager for Denmark’s Novo Nordisk Foundation put capital into a private equity continuation fund in Asia last year alongside KKR, Amit Kakar tells Secondaries Investor.

The pension’s secondary funds and co-investments grew 36% to approximately $3.7bn, per its latest investment disclosure.