Real Assets

Swiss LP adviser InPact enters infra secondaries, eyes PE GP-leds

The institution is looking to boost its infrastructure exposure and eyeing further opportunities in private equity and real estate secondaries, says founder and CEO Antoine Prudent.

Secondaries volume extends record-breaking run in H1

‘The last several years have been very volatile… The fact that we still saw this record volume is remarkable,’ Jefferies’ Scott Beckelman tells Secondaries Investor.

Download: Secondaries fundraising surpasses $50bn in first half

Secondaries fundraising saw its second-strongest first six months across a six-year period, with Q1 accounting for the bulk of activity.

Private real estate rides the recap wave

As refinancing pressures mount and exits remain elusive, real estate investors are turning to recapitalisations to unlock liquidity and extend hold periods in a challenging market, writes Giovanni Legorano.

M&G builds infra secondaries exposure, targets CVs

The UK life insurer seeks to back CVs involving assets that need more time and capital to support growth, as opposed to primarily allowing a GP to hold on to a trophy asset, infrastructure funds co-head Anish Majmudar tells Secondaries Investor.

A rising tide for real estate secondaries

As managers seek liquidity without relinquishing prized assets, secondaries are becoming a permanent channel for capital flow.

Secondaries are now a sophisticated capital formation tool for real estate

Investors are using secondaries to unlock liquidity, retain high-conviction assets and reposition platforms for growth.

Secondaries activity expected to pick up in H2 after bumpy first half

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

‘A buyer’s market’: AllianzGI’s growing focus on infra secondaries

Allianz Global Investors’ co-heads of infrastructure funds and co-investments Maria Aguilar-Wittmann and Tillman Mueller have identified ‘a lot of attractive opportunities’ in the market, which grew to $20bn-$25bn of volume in 2025.

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.