Single Assets

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.

The structure will consist of a portfolio of 22 infrastructure assets that are held by the firm’s legacy funds.

The vehicle is expected to be $2bn in size once it is formally established, with room to get larger over time, Secondaries Investor understands.

In this edition of Secondaries Investor’s Second Thoughts podcast, Evercore’s global head of private capital advisory Nigel Dawn discusses the outlook for activity in 2026 and the key trends shaping the capitalisation of the market over the longer term.

The Boston-headquartered manager has raised over $1.1bn for its debut single asset CV-focused strategy, joining Blue Owl and Leonard Green in closing such vehicles this year.

The deal marks the latest $1bn-plus CV the Luxembourg-headquartered firm has been involved in over the last several months.

Spanish manager Alantra has closed a continuation vehicle for its portfolio company Health in Code, with 25% of the capital earmarked for follow on investment.

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.

Buyers became more selective and ultimately bid on LP-led deals for GPs and funds they knew best, according to Greenhill’s Bernhard Engelien.

Pressures in private equity continued in 2025, with fundraising dipping by 17% year on year in 2025.