North America

MassPRIM to expand secondaries capabilities in 2026

The $123bn pension system’s latest ambitions follow the creation of a GP-led-focused investment role in 2024.

Coller leads on $1.3bn Ares credit continuation vehicle

The firm, which EQT recently agreed to acquire, has led on multiple multibillion-dollar credit CVs over the past several months.

Brookfield’s Teskey: Secondaries a closely tracked target for acquisition

The firm will take a ‘very opportunistic’ approach to expanding further into secondaries, CEO Connor Teskey said in its Q4 2025 earnings call.

More than a quarter of single-family offices plan to increase secondaries exposure – JPMorgan

Around two-thirds of the over 300 family offices surveyed by JPMorgan have no exposure to secondaries.

Arougheti: Ares ‘well positioned’ in growing credit secondaries market

The firm’s inaugural credit secondaries closed-end fund reached $4bn with the programme totalling $7.1bn, marking it the firm’s largest inaugural fundraise, CEO Michael Arougheti says.

KKR sees $100bn potential in Arctos acquisition

‘We really like the idea of building a secondary platform with a blank sheet of paper,’ KKR CFO Rob Lewin said on the firm’s Q4 2025 earnings call.

DW Healthcare runs process to extend hold over animal pharmaceuticals business

While some participants have described secondaries activity as somewhat subdued in the early part of the year, numerous deals continue to work through their processes that had been launched last year.

Lexington and Partners Group among buyers on CalPERS’ latest LP-led sale

The original size of the portfolio CalPERS brought to the market is understood to be between $2.3bn and $3bn.

Secondaries a key focus for CAZ Investments’ latest GP stake evergreen fund

The semi-liquid fund will participate in GP stakes investments through a wide range of transaction types, with the largest share earmarked for secondaries investments.

GP-led specialist Timber Bay closes third flagship fund on $281m

The GP-led-focused fund is more than a quarter invested and will target lower mid-market deals in North America.