Pricing

Ardian steps up as buyer of CIC portfolio sale

The sale is expected to be the first in what could be a series of fund stakes offerings by the sovereign fund as it works to manage its portfolio.

Asset quality trumps discounts for ICG, StepStone

Speaking at the CAIS Alternative Investment Summit last week, executives from both firms agreed asset quality has become a more important driver of returns.

Private debt secondaries luring LPs across the board

Investors from German insurer Munich Re to Lithuanian family office Willgrow are jumping into the nascent asset class or considering doing so.

Palladio’s Baumbach questions secondaries market view on infra pricing

The real asset veteran, a keen buyer of infrastructure secondaries, says she is ‘cautious’ about touted pricing for infra secondaries transactions.

Baird’s Duksin: 40 Act funds make up 15-20% of secondaries market demand

While ’40 Act funds haven’t yet moved market pricing in GP-led deals, these evergreen funds are ‘certainly are participating and creating syndicate demand’, Baird’s GP solutions group co-head Jeremy Duksin tells Secondaries Investor.

Strong post-Liberation Day pricing contributed to record H1 – Greenhill

Secondaries volume hit an estimated $105bn in the first half, according to Greenhill’s H1 2025 Global Secondary Market Review.

Real estate secondaries has plenty of room to grow, but pricing can be a challenge

While real estate assets can see discounts upward of 50% of NAV, buyers are still bullish on the strategy’s long-term growth.

Digging deep a necessity to find right pricing on credit secondaries deals

Private debt pricing has been consistently strong, with the lowest bid-ask spread among other asset classes.

Buyers have ‘strong demand’ for LP-led deals despite uncertainty – PJT

The denominator effect will resurface in 2025, motivating LPs to sell into the secondaries market for active portfolio management, according to a report from PJT.

Full impact of Trump tariffs on LP-led pricing still unknown

While there was a flurry of LP-led activity in Q1, much of this was driven by processes that fell into the new year from 2024, according to panellists at a BVCA secondaries summit last week.