LP Sales

Credit manager Serone launches buyout secondaries strategy

The London-headquartered manager has made hires from Ardian and UBS to co-lead the strategy, and has launched a debut fund, Secondaries Investor understands.

Moelis builds out LP-led secondaries with team from Evercore

An Evercore vice-president joins as managing director and will lead the construction of Moelis’s LP-led secondaries business with three others, Secondaries Investor understands.

Changing with the market

Introducing Secondaries Investor’s new and improved Advisory and Law Firm surveys – a more granular way of tracking an increasingly sophisticated marketplace.

Secondaries activity expected to pick up in H2 after bumpy first half

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

Patria’s Knechtli: Secondaries dealflow continues to unlock as DPI issues persist

The firm’s focus on smaller-size secondaries has helped differentiate its latest secondaries fund – which recently closed on $677m ahead of its target – from peers, head of secondaries Patrick Knechtli told Secondaries Investor.

ADIC makes senior secondaries hire to oversee portfolio

Mubadala’s indirect investments arm, which launched its secondaries unit in 2024, deployed $19bn in 2025.

CalPERS’ new alts head takes sophisticated approach to secondaries

Anton Orlich, architect of the US pension giant’s PE turnaround, will now also be responsible for its private credit, real estate, infrastructure and other alternative programmes.

Argosy doubles fund size with $145m raise

The asset manager’s small-deal-focused secondaries unit is seeking to write cheques of between $100,000 and $10m.

More sectors unlock as buyers slash software exposure targets

Secondaries funds have been targeting around 15-20% of SaaS exposure in LP-leds when previously it was sometimes as high as 40%, attendees heard at PEI Group’s Women in Private Markets Summit North America.

Future Standard secures ~$3bn for latest flagship

The fund primarily focuses on LP-led deals in the North American mid-market.