Western Europe

Report: UK pensions could sell up to £8bn on secondaries market in the next year

More than 60% of defined benefit pension scheme advisers and trustees expect these pensions to utilise the secondaries market to sell illiquid assets, according to a report from MeltX and Mallowstreet.

Coller leads on $1.3bn Ares credit continuation vehicle

The firm, which EQT recently agreed to acquire, has led on multiple multibillion-dollar credit CVs over the past several months.

More than a quarter of single-family offices plan to increase secondaries exposure – JPMorgan

Around two-thirds of the over 300 family offices surveyed by JPMorgan have no exposure to secondaries.

Ardian collects over $5bn for latest infra secondaries fund

Strong investor demand has already propelled the fund beyond its predecessor’s $5.2bn final close.

Eurazeo and Pantheon complete €480m credit CV

The deal is the second between the two firms to provide liquidity to Eurazeo’s LPs while maintaining continuity for borrowers.

Netley on why investors are increasingly turning to the tertiary market

Sovereign funds and insurers are using third-time-round fund stake transactions as part of their portfolio management processes, write Caspar Berendsen, Álvaro Rosado and Robert Perry.

Deployment into GP-leds skyrocketed across geographies and sectors last year – PJT

The largest average commitment sizes to GP-led deals ranged between $300m and $500m last year, managing director Darren Schluter tells Secondaries Investor.

EQT unveils continuation fund for EdgeConnex

EQT has set up an open ended structure for EdgeConnex to support the data centre platform’s long-term growth opportunity, head of business development Gustav Segerberg said on the firm’s full-year 2025 earnings call.

Average LP-led pricing held constant in 2025 despite Liberation Day dislocation – Campbell Lutyens

LP-led volume saw a 54% year-on-year increase in 2025, reaching $121bn as LPs traded a wider mix of fund quality and accepted larger discounts, a report shows.

Big-ticket secondaries deals surged in 2025 – Jefferies

GP-led buyers are ’embracing concentration and able to speak for larger portions of transactions than ever before’, global co-head of secondary advisory Scott Beckelman tells Secondaries Investor.