North America

Without new capital coming in, the firm is considering an extensive continuation fund process that would extend its ability to make new investments.

Last quarter saw 11 continuation vehicles close, with a dozen more hitting or looking to hit the market, according to data gathered by Secondaries Investor.

Speaking at PEI’s Women in Private Markets Summit, representatives from investors including NYCRS expressed caution about the rise of CVs on CVs, saying such practice could make GPs appear ‘desperate’.

The hire is understood to bring the total number of professionals within the investment bank’s directs and secondaries team to 35.

The two New York-based partners’ clients include Brookfield Asset Management, Coller Capital, PSP and StepStone.

In the latest episode of the Second Thoughts podcast, StepStone’s Jeffrey Giller discusses the firm’s plans for deployment and the runway for growth in the real estate secondaries market.

Tariff turmoil could battle test the resolve of individual investors and their suitability for the burgeoning community of semi-liquid private markets funds.

Fund VIII is over 50% committed, with the firm expecting a final close in the middle of the year, CFO John Redett says on Carlyle’s Q1 2025 earnings call.

SQ Capital’s fundraising could benefit from recent momentum in secondaries dealmaking, as GPs and LPs both seek a remedy to persistent illiquidity.

While Lexington’s owner Franklin Templeton had previously forecasted a September first close for Fund XI, it has now extended its expectations out to later in fiscal year 2025 or early 2026.