Secondaries

2026 should set another record despite macro uncertainty: PJT’s Millan

The secondaries market is taking stock of macro events, which could lead to some movements around pricing, PJT Partners’ Adrian Millan said at NEXUS 2026.

Are GP-led secondaries deals and evergreen funds a good match?

With evergreen fund investment in GP-led deals on the rise, how compatible are these transactions with vehicles that offer investors a degree of periodic liquidity and, in most cases, diversified exposures?

100% carry rollover table stakes for trophy CVs – NEXUS

Not every company marketed as a trophy asset is indeed a crown jewel, leading to specialised work on behalf of buyers to sort through opportunities, attendees heard at PEI’s NEXUS conference last week.

Bridgepoint eyes further secondaries growth as Newbury team comes on board

Both Bridgepoint, owner of PEI Group, and Bridgepoint Newbury expect to launch the next flagship secondaries fund in 2026, Pete Labbat and Chris Jaroch tell Secondaries Investor.

LPs are not waiting on the promise of distributions: William Blair’s Stuiver

An eventual uptick in distributions will lead to higher pricing, which will see a larger proportion of opportunistic LPs coming to the market, managing director Jake Stuiver tells Secondaries Investor.

New entrants unlock further opportunities in the secondaries market: Apollo S3’s Lessar

While Apollo S3 is open to making acquisitions, it is likely to continue to build its secondaries platform via organic growth, co-head Steve Lessar said at PEI’s NEXUS conference.

CVs now established as exit route alongside M&A and IPO: Moelis’s Hammer

Secondaries buyers’ own specialisation is aiding in GPs’ interest to consider a CV in tandem with other exit options, Moelis & Co managing director Jeff Hammer said at NEXUS 2026.

Carlyle AlpInvest seeks to raise $60bn as part of fundraising supercycle

Carlyle is looking to raise $200 billion-plus of capital inflows by 2028, with ambitious targets also set for private equity and global credit.

Acceptance of CVs means time is right for PE entrants: New Mountain’s Costello

Speaking on the sidelines of PEI Group’s NEXUS conference, Neal Costello, co-head of New Mountain Atlas, discusses how the PE firm will seek to differentiate itself and why he made the jump to the buyout firm.

Secondaries Investor’s Annual Dinner 2026 in pictures

Secondaries Investor congratulated the winners of our Americas Awards at an invite-only dinner held at PEI’s NEXUS conference last week, supported by Kirkland & Ellis and StepStone.