Secondaries

In today's edition, Fundraising was up in Q3, per preliminary PEI Group data; Why the Fed's rate hike is unlikely to derail private equity dealmaking; A VC manager is back in the market with its sophomore GP stakes vehicle.

The rapid growth of the secondaries market has led to suggestions that it could see transaction volumes of $500bn – or even $1trn – by 2030. Just four years out from this deadline, are such predictions realistic?

While a handful of pan-Asian mega-funds are soaking up the majority of LP interest, some argue that local mid-market champions are most likely to deliver outsized returns for investors in Asia-Pacific.

In today's edition, LPs without VC allocations could be overexposed to the past, says LGT; KKR's Arctos capitalises on GP illiquidity; An IPO bonanza could spell good news for VC exits.

In the second instalment of PEI’s new podcast miniseries, we analyse the key findings from Secondaries Investor’s inaugural Global Market Survey.

Overbay Capital Partners is a Toronto-based alternative asset manager focused on the secondaries market.

The Tokyo Stock Exchange is increasing minimum market capitalisation for companies listed in its Growth Market section to ¥10bn by 2030.

'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.

While CVs are a paradigm-shifting innovation, the industry must be relentless in the pursuit of fairness and integrity when using them, writes Jeremy Coller, chief investment officer and managing partner at Coller Capital.