News & Analysis

Data Dive: Reading the signals in secondaries sentiment

In this episode of PEI Group’s new podcast miniseries, we analyse the key findings from Secondaries Investor’s inaugural Global Market Survey.

CV fee terms converge amid a more competitive market – Morgan Lewis

The CV market is increasingly focused on ‘best practice terms’ rather than simply getting deals done, partner Joe Zargari tells Secondaries Investor.

Future 40 Leaders: Which secondaries professionals made the cut?

People from StepStone, LGT Capital Partners, Kirkland & Ellis and more made affiliate title Private Equity International’s latest list of future PE leaders.

Lazard to expand in infra and credit with Campbell Lutyens acquisition

The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.

Manulife buying infra CVs, secondaries to address low DPI

Rising retail flows offer a new exit route for infra assets, but they also create their own issues, infrastructure fund investment head Kate Roscoe tells Secondaries Investor.

Investor concerns grow around conflicts, particularly in CVs: ILPA

To try and smooth out pain points in the LP/GP relationship, LPs focus on top priority terms involving key person provisions, how carried interest is distributed throughout the organisation and standard of care/fiduciary duty, ILPA found in a recent sentiment survey.

CV performance to diverge as asset quality widens – StepStone

The GP-led market is expected to see a more ‘mixed-quality’ set of assets come through, according to StepStone’s Philippe Ferneini.

Kline Hill and Cendana raise $400m for second VC secondaries fund

The vehicle, raised in partnership by the two firms, exceeded its $300m target to close on its hard-cap, Secondaries Investor has learned.

Japanese LPs find credit secondaries a challenging prospect

‘Asymmetry’ of information and lack of look-through are preventing some investors from participating, according to speakers at PEI Group’s Private Debt Investor Tokyo Forum.

Blackstone nearly halfway to target for 10th secondaries flagship

The firm’s secondaries platform crossed the $100bn AUM milestone in the first quarter, president and COO Jonathan Gray said on its Q1 2026 earnings call.