Limited Partners

Structural changes and the rise of artificial intelligence have created a more intricate secondaries framework, says Thomas Roche Toussaint, head of PE secondaries and co-investments at UBS Asset Management.

Secondaries are evolving from a problem-solving backstop into a strategic tool for LPs navigating liquidity constraints and portfolio complexity.

In secondaries, scale doesn’t necessarily impact the nature of the companies you buy – but it can provide a powerful competitive advantage when it comes to transacting on large LP portfolios, says Michael Skelly, a partner at Lexington Partners.

The update to ILPA's original advice released three years ago addresses potential gaps where market practices have moved along.

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?

Some US investors have concerns about valuations in the growing credit secondaries space.

Most LPs don’t expect continuation vehicle activity to decline, even when the exit environment improves.

The pension anticipates increasing its private equity allocation to a $1bn target by 2030, as it expects a growing influx of distributions over the next four years.

The investment giant is seeking to add relationships in Australia’s mid-market after completing a similar process in Japan, managing director Martin Liew tells PEI.