News & Analysis

BCI seeks ‘good returns’ from newly launched capital solutions strategy

While more LPs are participating directly in CVs and secondaries transactions, such investors remain ‘the exception, not the norm’ in the market, according to BCI’s global head of PE.

Secondaries investors grow more comfortable with fund financing in CVs

Secondaries buyers are increasingly asking advisers to source fund financing for CVs to optimise returns, according to a speaker at the European Fund Finance Symposium.

From ‘status quo’ to ‘remain in place’: ILPA updates CV guidance for an evolving market

The industry body’s prior guidance was ‘silent on a lot of things’, chief executive Jennifer Choi tells Secondaries Investor.

Kline Hill leads on Plaza Ventures’ CV for digital advertising company

The deal gives Plaza more time with StackAdapt amid AI disruptions, with the firm’s investment considered one of the high-returning Canadian venture deals of all time.

The so-called ‘zombie fund’ problem persists and LPs are concerned

Investors expect the number of tail-end vehicles still holding assets to rise amid ongoing liquidity pressures and difficulties in GPs differentiating themselves.

Fund finance has moved to a multi-instrument and life cycle-wide toolkit – FFA conference

Increased appetite from Institutional investors, access to liquidity and the proliferation of bespoke structures have accelerated change in fund finance, according to panellists at the European Fund Finance Symposium.

Painswick brings PE focus to single-asset CVs

Painswick Capital views single-asset continuation vehicles as a PE business and has built its firm around that thesis, founder John Garcia and partner James Powers tell Secondaries Investor.

Madison International names founder Dickerman’s future successors

Following a multi-year selection process, two senior executives have been elevated as eventual heads of the business, while three have departed the secondaries manager.

Pantheon’s infra secondaries surpasses target as fund sizes build

Both Pantheon’s and Ardian’s latest flagships rank among the largest infra secondaries funds ahead of formal final closes.

ADIC makes senior secondaries hire to oversee portfolio

Mubadala’s indirect investments arm, which launched its secondaries unit in 2024, deployed $19bn in 2025.