Secondaries

GPs should listen to the LP-led secondaries market signal

Holding on to laggard assets may conflict with the core objective of PE: maximising time-weighted returns for LPs, writes Adam Spence, of Partners Capital.

Montana closes first secondaries programme following its acquisition by PGIM

The close of MCP Opportunity Secondary Program VI follows a rejig of Montana’s senior leadership last year.

Blue Owl’s debut GP-led strategy closes on more than $3bn

The platform’s close marks the second notable debut GP-led strategy to close this year after Leonard Green closed on more than $3.6bn last month.

MassPRIM to expand secondaries capabilities in 2026

The $123bn pension system’s latest ambitions follow the creation of a GP-led-focused investment role in 2024.

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.

Brookfield’s Teskey: Secondaries a closely tracked target for acquisition

The firm will take a ‘very opportunistic’ approach to expanding further into secondaries, CEO Connor Teskey said in its Q4 2025 earnings call.

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.

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.

Arougheti: Ares ‘well positioned’ in growing credit secondaries market

The firm’s inaugural credit secondaries closed-end fund reached $4bn with the programme totalling $7.1bn, marking it the firm’s largest inaugural fundraise, CEO Michael Arougheti says.

KKR sees $100bn potential in Arctos acquisition

‘We really like the idea of building a secondary platform with a blank sheet of paper,’ KKR CFO Rob Lewin said on the firm’s Q4 2025 earnings call.