News & Analysis

In the latest episode of the Second Thoughts podcast, StepStone’s Jeffrey Giller discusses the firm’s plans for deployment and the runway for growth in the real estate secondaries market.

Fund VIII is over 50% committed, with the firm expecting a final close in the middle of the year, CFO John Redett says on Carlyle’s Q1 2025 earnings call.

SQ Capital’s fundraising could benefit from recent momentum in secondaries dealmaking, as GPs and LPs both seek a remedy to persistent illiquidity.

Corsair has raised a multi-asset CV for three assets, with the remaining exposure in one of the assets being moved to another vehicle.

While Lexington’s owner Franklin Templeton had previously forecasted a September first close for Fund XI, it has now extended its expectations out to later in fiscal year 2025 or early 2026.

Some LP-led deals that had not yet closed at the time of the US tariff announcements have either been reopened to account for valuation uncertainties or delayed.

The departure follows a string of people moves across the secondaries market in 2025.

Professionals from CPP Investments, LGT Capital Partners, Blue Owl Capital, and more have made this year’s list of future leaders in private equity.

Ares expects to hold a final close on its infrastructure secondaries fund this summer, chief executive Michael Arougheti said on the firm’s earnings call.

The ASX-listed litigation funder closed what it believes is the first CV deal involving legal assets last month, chief executive Raymond van Hulst told Secondaries Investor.