North America

StepStone doubles target for debut infra raise to reach $1.5bn – updated

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.

QIC targets shorter plays amid PE’s liquidity crunch

Co-investments and single-asset CVs offer investors ‘greater control’, partner Zach Jackson says.

Secondaries builds the infrastructure

Blackstone Strategic Partners anchored EQT’s new AI Infrastructure Fund. Once again, secondaries has created a blueprint for loftier goals.

Behind the $400m CFO formed by Churchill and Temasek’s Seviora

Churchill, whose parent Nuveen Private Capital received backing from Temasek last year, and the Singaporean investor’s asset management platform Seviora formed the vehicle with collateral spanning PE and private credit, including PE secondaries.

ICG backs Onex’s Ryan again in CV-on-CV process

The process comes three years after Onex first moved the tax services provider into a single-asset continuation fund.

New 2ND Capital eyes Q4/Q1 close as flagship nears $1bn

Fund IV, which is targeting $1.25bn, has recently been activated and has closed on its first deal, Secondaries Investor has learned.

SEC zeroes in on private funds valuations

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, affiliate title Private Funds CFO has learned.

Hollyport maintains independence with stake sale to Blue Owl

Blue Owl has acquired a passive stake in the tail-end specialist, which will ‘ultimately represent’ approximately 25% of the economic interests of the firm.

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.