The Investment Management Corporation of Ontario has a five-year plan to establish itself as a major player in the co-investment market. GPs would be wise to take note.

Four of the 10 largest PE funds raised last year were for secondaries. Will the strategy come to dominate fundraising or has it had its day in the sun?

Competing sources of capital and a strategy yet to be untested during a downturn pose challenges for long-hold fundraisings.