North America

Volume from single asset deals grew by more than 80% year-on-year, accounting for more than half of all GP-led deal volume in 2024, according to Campbell Lutyens’ full-year secondaries report.

LP-led deals made up 54% of the record $162bn of volume seen in 2024, with pricing improving across all asset classes, according to Jefferies’ Global Secondary Market Review.

Wesley will become head of private funds advisory at Moelis, a role left vacant following the departure of Rodney Reid last year, Secondaries Investor has learned.

The US pension giant has come up with a pricing strategy that could make it benefit more from this portfolio sale, Secondaries Investor understands.

LP-led sales made up 52% of the record $152bn of secondaries volume seen last year, according to Lazard’s latest market report.

The proposals, to be voted on in February, include the recategorisation of certain private equity assets, the removal of sub-asset class benchmarks and the implementation of new sub-asset class targets.

The secondaries market remains the key mechanism for facilitating changes at speed, says Coller Capital’s founder and CIO.

News of the sale follows the record-breaking close of Ardian’s latest secondaries flagship on $30bn.

Providence’s single-asset deal for Globeducate was one of two deals it was shopping in the market last year, Secondaries Investor understands.

While there is a strong sense of optimism as the secondaries market heads into a new year, there are pockets of uncertainty that could both help and hinder pockets of the asset class, as we discuss in this Second Thoughts podcast.