News & Analysis

The raise of Secondary Opportunities Fund VI proves the rationale behind CVC and legacy Glendower Capital’s tie-up ‘was right’, CVC Secondary Partners’ head tells PEI Secondaries Investor.

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

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?

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

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.

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.

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

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.