News & Analysis

Scale is reshaping the secondaries leaderboard

A new name at the top of SI 50 shows how consolidation is changing the competitive landscape in the buyer universe.

Shell duo to lead Alantra energy transition secondaries business

Two longtime corporate venture capital investors have joined the firm with a €120m portfolio of climate tech businesses.

The Secondaries Investor 50: 2026

Scale has become a competitive edge in a rapidly expanding secondaries market.

Just how big can the secondaries market get?

The rapid growth of the secondaries market has led to suggestions that it could see transaction volumes of $500bn – or even $1trn – by 2030. Just four years out from this deadline, are such predictions realistic?

The CV boom reaches fund finance

While continuation vehicles present an interesting opportunity for fund finance, concentration risk and a reluctant investor base pose a challenge.

Small LPs use GP-led secondaries to accelerate private markets allocations, OCIOs say

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.

Neuberger Berman leads Providence’s single-asset CV

Providence Equity Partners has closed a $1bn+ CV for 365 Retail Markets, a company it acquired nearly six years ago, PEI Secondaries Investor has learned.

PGIM’s MCP expands into the Middle East with senior hire

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.

StepStone doubles target for debut infra raise to reach $1.5bn – updated

The firm’s total infrastructure secondaries programme has secured $1.7bn, adding to a growing pool of capital available to deploy into the asset class.

Swiss LP adviser InPact enters infra secondaries, eyes PE GP-leds

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.