Private Wealth

While Apollo S3 is open to making acquisitions, it is likely to continue to build its secondaries platform via organic growth, co-head Steve Lessar said at PEI’s NEXUS conference.

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 semi-liquid fund will participate in GP stakes investments through a wide range of transaction types, with the largest share earmarked for secondaries investments.

A majority of LPs are concerned about the ‘influence’ retail-oriented partnerships could have on the strategies of GPs, a Coller Capital survey found.

Secondaries account for an average of 13% of private wealth client portfolios, according to a report from Hamilton Lane.

Podcasts covering the rapid growth of the credit secondaries market, the fledgling GP stakes secondaries market, and the expansion of private wealth capital were among our most listened to episodes in 2025.

Volatility, new entrants and increased specialisation elevated the secondaries market to new heights in 2025.

Two buyers have lined up on the deal run by HarbourVest’s publicly listed investment trust, which is generating net proceeds of $300m from the sale, Secondaries Investor has learned.

Secondaries Investor reviews predictions made at the start of 2025 to see which expectations became reality.

Semi-liquid strategies can provide benefits to LPs, but they aren’t a one-size-fits-all solution.