Hannah Zhang

Even after excluding Ardian's $30bn raise – the largest vehicle raised from the dataset – secondaries funds still recorded the highest average size in 2025.

The $123bn pension system's latest ambitions follow the creation of a GP-led-focused investment role in 2024.

Heightened volatility in public markets could speed up the adoption of the total portfolio approach among institutions, Marc Rowan has said.

'We really like the idea of building a secondary platform with a blank sheet of paper,' KKR CFO Rob Lewin said on the firm’s Q4 2025 earnings call.

The number of GP stakes and GP M&A deals jumped 40% year-over-year, according to Campbell Lutyens’ latest GP M&A report.

BC Partners will retain some economic interest in its $1bn inaugural real estate fund, with a 17-strong team joining Proprium, PEI understands.

The alternatives giant has tripled its private wealth assets over five years, according to president and COO Jon Gray.

As companies stay private for longer, private markets are expanding and offering private wealth investors a broader opportunity set.

The diversification benefits of private markets are a big draw for private wealth investors, Hamilton Lane managing director Jackie Rantanen tells PEI.

Nearly one-quarter of LPs have seen evidence of CV-on-CVs, according to Coller Capital’s latest investor survey.