Western Europe

Future 40 Leaders: Secondaries professionals recognised

Professionals from CPP Investments, LGT Capital Partners, Blue Owl Capital, and more have made this year’s list of future leaders in private equity.

APG mulls infra secondaries return amid direct investment drive

Having last acquired infra secondary assets in 2017, the €616bn Dutch pension manager may tap the fast-growing market again, says infra chief Jan-Willem Ruisbroek.

Can the secondaries market still hope to hit $200bn this year?

Opinions vary over whether the asset class will outstrip 2024’s record-breaking deal volume total, or whether recent uncertainty will cause it to miss the mark.

Buyers have ‘strong demand’ for LP-led deals despite uncertainty – PJT

The denominator effect will resurface in 2025, motivating LPs to sell into the secondaries market for active portfolio management, according to a report from PJT.

Generali and Partners Group launch credit secondaries fund

The joint venture is structured as a RAIF and will look to acquire mainly senior-secured direct lending stakes.

Ardian ploughs ahead on $1bn LP-led portfolio sale amid uncertainty

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

Sagard acquires stake in BEX Capital amid secondaries push

The acquisition provides Sagard a ‘significant expansion’ into secondaries as it seeks to scale its evergreen product offering, chief executive Paul Desmarais III told Secondaries Investor.

Rothschild’s Five Arrows doubles size of GP-led focused fund with €2bn raise

Five Arrows’ Secondary Opportunities VI launched in 2023 and will focus on mid-market opportunities.

DOWNLOAD: Behind 2025’s hot secondaries fundraising start

While fundraising figures in the first quarter were lofty, most of the capital raised came from Ardian’s record-breaking close in January.

William Blair poaches new European secondaries lead from Moelis

The investment bank is the latest adviser to tap peers for secondaries talent, with Moelis hiring Matt Wesley from Jefferies this year.