North America

CAZ Investments first port of call for GP stake secondaries

The investment firm deployed $700m in GP stake secondaries alone in 2024, including a single transaction valued at over $500m, founder and chief investment officer Christopher Zook said.

CalPERS could look for buyers for covid-era PE investments

While CalPERS has been a net buyer of secondaries in the past, poor distributions from private equity assets in these particular vintage years would cause the LP to look at opportunistic sale processes of certain managers.

Campbell Lutyens bolsters partnership with five new appointments

In addition to its largest round of partner promotions ever, the firm promoted eight new managing directors.

Blackstone anticipates its busiest year for secondaries deployment

President and COO Jon Gray expects the secondaries market will continue to grow as LPs seek out liquidity – though he anticipates the ‘re-emergence of M&A activity at scale’ this year.

Neuberger Berman’s Ben Perl: Diversified deployment key to latest GP-led fund

The firm’s second GP-led fund, which closed on $4bn earlier this month, is over four times the size of its predecessor.

5 key trends in the LP-GP secondaries dynamic

The secondaries market has been breaking records. In Orlando, PEI Group editors sat down with industry attendees for a series of video interviews to discuss the key trends shaping the market.

Antares’ Kosters: ‘The direction of travel is clear’ for credit secondaries

After several $1bn-plus GP-led credit deals were closed last year, Antares Capital’s head of credit secondaries Olga Kosters expects several more to close in 2025 as GP interest grows.

The opportunity surrounding uncertainty

In the latest edition of our Second Thoughts podcast, Pomona’s chief executive Michael Granoff and Proskauer partner Galen Lewis discuss what’s driving LPs to the secondaries market and how uncertainty is impacting investment decisions.

Over half of LPs seek to buy and sell LP-led positions on the secondaries market – Coller

Coller Capital’s latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

Secondaries find their niche

Rising dry powder and changing attitudes among LPs trading in the secondaries space have laid the foundation for a more diverse and specialised manager pool.