North America

Morgan Stanley’s PCA chief leaves the bank

A replacement for global head of the PCA group, which will continue to operate as usual, has not been named, Secondaries Investor understands.

The Nexus of secondaries 2026

We’ll hear the latest on the market’s innovation, capitalisation, tailwinds and headwinds at PEI Group’s Nexus 2026.

Tikehau latest manager to close credit secondaries fund as market fires on all cylinders

Tikehau’s second credit secondaries-focused fund closes on more than $1bn having launched in the second half of 2023.

HarbourVest joins list of GPs closing debut CV-focused strategy in 2026

The Boston-headquartered manager has raised over $1.1bn for its debut single asset CV-focused strategy, joining Blue Owl and Leonard Green in closing such vehicles this year.

Schroders gets pickier on venture secondaries

Pricing on VC secondaries is less attractive now, says Schroders Capital venture chief Steven Yang.

Florida SBA explores multibillion-dollar portfolio sale

The pension has been actively pursuing opportunities in the secondaries market over the past few years.

CVC emerges as lead in Cerberus’s large CV for SubCom

The deal marks the latest $1bn-plus CV the Luxembourg-headquartered firm has been involved in over the last several months.

VCs mull the relative attractions of IPOs and secondaries

Will we finally see a wave of IPOs this year, or will VC GPs have to turn to the secondaries market to deliver liquidity to their investors?

Montana closes first secondaries programme following its acquisition by PGIM

The close of MCP Opportunity Secondary Program VI follows a rejig of Montana’s senior leadership last year.

Blue Owl’s debut GP-led strategy closes on more than $3bn

The platform’s close marks the second notable debut GP-led strategy to close this year after Leonard Green closed on more than $3.6bn last month.