US

Big-picture thinking

Senior secondaries execs have made some bold predictions for market volume by 2030. There are, however, hurdles to consider when looking at the future of the market.

US investors raise questions over credit secondaries valuations

Executives from a New York pension fund and a Dallas-based multifamily office gave their thoughts during a PEI Group webinar on private debt investment.

Family office GreenBear taps secondaries in portfolio revamp

Chief investment officer Vishnu Amble is keen on selling private equity fund stakes bilaterally as the family office pares its exposure to illiquid assets.

CVs’ about-turn

Some LPs have expressed scepticism around the return potential of LP-led secondaries, while interest in CVs is heating up.

StepStone to adjust fee rates in flagship secondaries funds

The firm will lower fees during funds’ investment periods and then increase them after the period, according to head of strategy Michael McCabe.

CVs are not struck out of 401(k) plans

While the US Department of Labor’s March proposal flagged CVs as an area of concern in 401(k) plans, it should not be taken as a signal to rule them out.

Secondaries becoming a fixture of managing capital for Partners Capital’s LP clients

Even though some return mechanisms secondaries buyers have historically looked to are less attractive in today’s market, the OCIO firm is encouraging its clients to participate in the growing secondaries market both as a buyer and to reshape its programmes as a seller.

Secondaries Awards 2025: Americas winners

Goldman Sachs Asset Management takes the gong for Secondaries Firm of the Year in the Americas.

StepStone eyes first closes for flagship, debut GP-led fund by H1 2026 – updated

StepStone’s live secondaries fundraising also includes vehicles dedicated to infra and VC, executives said on the firm’s recent earnings call.

This isn’t a story about winners and losers

Private markets participants have hypothesised that the GP-led market will shrink when the M&A market picks up. That didn’t happen in 2025.