North America

Blackstone predicts 20% YoY growth in infra secondaries for 2025

The firm this week said it had raised $5.5bn for the market’s largest infra secondaries fund.

NewView prepares launch of latest venture secondaries fund

NewView spun out of Silicon Valley venture giant NEA in 2018 through a deal backed by Goldman Sachs and Hamilton Lane.

NYS Common commits $550m to TPG’s GP-led strategy

The pension committed $500m to GP Solutions II’s predecessor, marking the biggest commitment made to a secondaries fund last year.

How to build a secondaries business

Over the past five years, some private equity shops have shunned their illiquid mentality to launch their own secondaries businesses. Can they give the market’s mega-managers a run for their money?

California’s Orange County to cut fund of funds exposure through secondaries sales

The $25bn pension expects to use both the GP-led and the LP-led markets to offload indirect private equity exposure.

Nebraska endowment’s CIO: ‘Discounts aren’t as extreme as we’d like’

The $3bn University of Nebraska Foundation sees ‘some value’ as a buyer in syndicated portfolio sales comprising 50 fund stakes, according to CIO Brian Neale.

HighVista runs multi-asset CV involving venture assets

CVs are gaining momentum in the VC industry as more venture firms use them to extend ownership of prized assets and generate liquidity for LPs.

Leonard Green’s debut GP-led fund tops target, as secondaries investing surges

The buyout firm launched Sage Equity Investors last year with a $1.5bn target.

Secondaries may be a primary target for 401(k)s

The strategy’s popularity among evergreen vehicles could make it a shoo-in with US retirement plans.

Pantheon: Credit secondaries deployment has already surpassed 2024 total

Private credit GPs are increasingly using CVs to become ‘better fund managers’, according to Pantheon’s Rakesh Jain.