Fundraising

Aqualis’ offering will focus on what the firm sees as an underserved part of the secondaries market: smaller transactions.

The total compensation median for secondaries distribution talent reached $739k in 2025, compared with $800k for the broader alternatives market, according to a report.

The world may be reeling from geopolitical shock after geopolitical shock, but this uncertainty is only fuelling record-breaking secondaries activity.

The vehicle, raised in partnership by the two firms, exceeded its $300m target to close on its hard-cap, Secondaries Investor has learned.

Four debut strategies – including three focused on single-asset CV investments – ranked among the top 10 fundraises in Q1 2026. As LPs seek diversification, expect to see more of these funds drive figures.

The firm’s secondaries platform crossed the $100bn AUM milestone in the first quarter, president and COO Jonathan Gray said on its Q1 2026 earnings call.

The pair expect to expand into real asset secondaries and build out an insurance offering as the secondaries firm plans its next flagship and credit raise.

The secondaries industry has always been solutions-focused. That continues to be the case as the market expands rapidly in both breadth and depth, say Goodwin partners Ravi Chopra and Jacqui Eaves.

While secondaries buyers are inundated with opportunities, maintaining deployment pace can nonetheless be challenging.

The key takeaways from Secondaries Investor’s inaugural survey of LPs, secondaries buyers, GPs and advisers.