North America

Growth of RE secondaries to be driven by good-quality GPs and rising market visibility – PERE panel

Most real estate GPs have either completed a recap or are actively exploring one, according to Scott Koenig, head of real estate secondaries at Neuberger Berman.

LPs are right to be worried about the ‘Uber-isation’ of private markets

Retail capital focuses on liquidity and consistently high returns – factors that don’t always found the basis of a long-term partnership in private markets.

Longer hold periods stretch GPs’ plans

LPs have started raising concerns about their GPs’ value creation plans for those portfolio companies sitting within older funds, writes Giovanni Legorano. So, are long-held assets receiving enough TLC?

Hg taps former CPPIB exec for secondaries role

UK-based software specialist Hg joins a growing number of direct private equity shops launching secondaries strategies as the segment of private markets continues on its growth spree.

Hamilton Lane launches latest flagship, raises over $1bn for infra opportunities fund

The publicly listed asset manager is confident its latest secondaries vehicle will surpass the size of its $5.6bn predecessor, co-CEO Erik Hirsch said on the firm’s earnings call.

HarbourVest leads on $1bn single-asset CV for vet services company

The transaction run by Chicago-headquartered investment firm Tyree & D’Angelo Partners was oversubscribed, Secondaries Investor understands.

ILPA: Retail vehicles could fundamentally affect GP-LP alignment, industry’s long-term health

Growth in the retail space could come to the detriment of traditional LPs and their investment interests, says the Institutional Limited Partners Association.

Top-quartile CVs continue to prove their outperformance over buyout funds – Evercore

Single-asset continuation funds continue to deliver a higher average TVPI compared with multi-asset vehicles, according to a report from Evercore and HEC Paris.

Alternatives managers change tack on ESG comms

As anti-ESG rhetoric in the US intensifies, private markets players appear to be dialling down their messaging, but not their actions.

Rising stars on the future of sustainability in private markets

Up-and-coming talent from across PEI Group’s under-40 lists share the sustainability and impact trends that are gaining momentum in alternatives.