News & Analysis

New Mountain Capital has been been communicating with LPs about the formalisation of its CV strategy in recent months.

The firm is considering the strategy at a time when several traditional private equity buyout firms have expanded their capabilities into GP-led secondaries, while others are making moves into the space.

The infra secondaries market saw $40bn to $45bn of potential dealflow last year, attendees at PEI Group’s Infrastructure Investor Global Summit heard.

Devrup Banerjee will spend the bulk of his time advising on GP-led deals at the Mizuho-owned investment bank, Secondaries Investor understands.

In the latest edition of Secondaries Investor’s Second Thoughts, our journalists discuss key takeaways from LPs and buyers at PEI Group’s NEXUS conference as secondaries volume continues to smash records.

Andrew Ward joins Mike Catts as one of two partners in the firm’s New York office.

Stafford plans to allocate 80% of its latest $1bn+ timberland fund to secondaries, chief executive Angus Whiteley told Secondaries Investor.

A number of large-scale LP-led deals have moved through the secondaries market in recent years yielding good outcomes for sellers, William Blair director Jake Stuiver said in a video interview at NEXUS 2025.

While Ardian wants to make sure it gets the best pricing in its deals, the most indicative link back to the returns it generates is ‘not necessarily what we pay, but what we buy’, senior managing director Wills Small said in a video interview.

The New York-based firm’s Korean investors include the National Pension Service of Korea, which has invested in at least two of its funds.