News & Analysis

Apollo, Pantheon and SQ Capital co-lead on Exponent’s €750m CV

The transaction values engineering services company H&MV at €1.4bn.

StepStone surpasses $20bn in private wealth AUM

Four of the firm’s cornerstone evergreen products are heavily weighted to secondaries investments.

Pantheon backs BlackRock BDC’s credit CV

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

Industriens Pension mulls adding more infra secondaries exposure

The Danish retirement scheme favours indirect over direct investment in secondaries and has made commitments to all five infra secondaries vehicles managed by Pantheon, infrastructure funds head Mikkel Kjaersgaard tells Secondaries Investor.

G Squared secures $2.3bn as venture secondaries heats up

The firm’s seventh flagship is about twice the size of its previous vehicle and took half as long to raise.

Cyclical tailwinds buoying secondaries will persist for ‘next several years’ – Carlyle’s Schwartz

Carlyle increasingly views AlpInvest as more of corporate finance business than a standalone secondaries unit, chief executive Harvey Schwartz said on the firm’s Q2 2026 earnings call.

DraftKings seed investor is raising a VC secondaries fund

VC investor Ryan Moore has closed on $78.5m for Revenant Ventures’ debut fund, a regulatory filing shows.

LGT Capital Partners launches debut credit secondaries strategy

The Switzerland-headquartered manager will seek to invest in LP-led, GP-led and opportunistic deals with an emphasis on senior lending, Secondaries Investor understands.

MetLife closes $1.2bn managed fund deal with Lexington

The insurer had shopped a portfolio of funds and co-investments with a net asset value of $1.8bn, Secondaries Investor understands.

Adams Street doubles fund size with latest flagship secondaries raise

The Chicago-based firm’s $2.7bn Fund 8, raised as part of a $5bn secondaries programme, seeks a 50/50 split for LP-led and GP-led deployment, with a focus on North America and Europe.