North America

Lazard to expand in infra and credit with Campbell Lutyens acquisition

The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.

Manulife buying infra CVs, secondaries to address low DPI

Rising retail flows offer a new exit route for infra assets, but they also create their own issues, infrastructure fund investment head Kate Roscoe tells Secondaries Investor.

Investor concerns grow around conflicts, particularly in CVs: ILPA

To try and smooth out pain points in the LP/GP relationship, LPs focus on top priority terms involving key person provisions, how carried interest is distributed throughout the organisation and standard of care/fiduciary duty, ILPA found in a recent sentiment survey.

Kline Hill and Cendana raise $400m for second VC secondaries fund

The vehicle, raised in partnership by the two firms, exceeded its $300m target to close on its hard-cap, Secondaries Investor has learned.

Blackstone nearly halfway to target for 10th secondaries flagship

The firm’s secondaries platform crossed the $100bn AUM milestone in the first quarter, president and COO Jonathan Gray said on its Q1 2026 earnings call.

GPs increasingly step up CV alignment with cross-fund commitments

Cross-fund investments are generally used for single-asset CVs as secondaries investors expect GPs to be ‘as much all-in on trophy, crown-jewel assets as they possibly can be’, according to William Blair’s Tom Marking.

Lexington leads MetLife’s $1bn managed fund deal

The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.

Longstanding Kline Hill partner departs

Jared Barlow joined the small deal-specialist at the time of its founding in 2015 and was responsible for firm and investment oversight alongside managing partner Mike Bego.

Lead Edge’s latest flagship taps secondaries amid AI-driven shifts

The firm’s seventh fund may invest across a wide range of secondaries strategies.

Top infra secondaries opportunities emerge mid-lifecycle – BNP Paribas AM Alts

The infrastructure secondaries team that was previously operating under AXA IM Prime began building a seed portfolio in 2023 and held a first close on its debut infrastructure fund in 2024, head of infrastructure Asseman and head of infrastructure secondaries Qureshi tell Secondaries Investor.