Secondaries

Corsair has raised a multi-asset CV for three assets, with the remaining exposure in one of the assets being moved to another vehicle.

Some LP-led deals that had not yet closed at the time of the US tariff announcements have either been reopened to account for valuation uncertainties or delayed.

The departure follows a string of people moves across the secondaries market in 2025.

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

Ares expects to hold a final close on its infrastructure secondaries fund this summer, chief executive Michael Arougheti said on the firm’s earnings call.

The ASX-listed litigation funder closed what it believes is the first CV deal involving legal assets last month, chief executive Raymond van Hulst told Secondaries Investor.

Compared with some of its peers, Apollo opted to grow its secondaries business S3 organically, formally launching the strategy in late 2022.

The separately managed account will invest into two Lexington funds, as well as co-investment opportunities.

It has become increasingly common for sellers to seek to negotiate a limit on their clawback liability, according to law firm DMX Partners.

While Australian super funds may buy ‘if the price is right’, these pensions are closely monitoring the long-term impacts of current volatility.