Venture capital

Next Gen Leaders of Secondaries: Class of 2026

We reveal this year’s most impressive secondaries individuals under 36 in the latest iteration of the Next Gen 10.

Just how big can the secondaries market get?

The rapid growth of the secondaries market has led to suggestions that it could see transaction volumes of $500bn – or even $1trn – by 2030. Just four years out from this deadline, are such predictions realistic?

Secondaries’ emerging leaders: GP-leds to become a proactive portfolio management tool

The GP-led market will become ‘indistinguishable’ from the sponsor-to-sponsor market over the next five years as PE firms seek to gain access to companies via CVs, one 2026 Next Gen Leader says.

StepStone surpasses $20bn in private wealth AUM

Four of the firm’s cornerstone evergreen products are heavily weighted to secondaries investments.

G Squared secures $2.3bn as venture secondaries heats up

The firm’s seventh flagship is about twice the size of its previous vehicle and took half as long to raise.

DraftKings seed investor is raising a VC secondaries fund

VC investor Ryan Moore has closed on $78.5m for Revenant Ventures’ debut fund, a regulatory filing shows.

MetLife closes $1.2bn managed fund deal with Lexington

The insurer had shopped a portfolio of funds and co-investments with a net asset value of $1.8bn, Secondaries Investor understands.

Savano closes oversubscribed direct secondaries fund

The firm’s latest vehicle has made 12 investments to-date.

StepStone’s VC secondaries fund tops $1bn as LP interest grows

Ohio’s $23.4bn public school employees’ pension is the latest LP to invest in the fund, committing $50m.

China’s performance paradox: The opportunities and risks for secondaries

The RMB secondaries market has concluded its first full cycle. While there are opportunities to be had, there are risks to be overcome to ensure sought-after returns, writes Nebula Advisors’ Stanley Geng.