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As new investor bases start engaging with private equity, Mike Lucarelli and Jim Walker of Adams Street Partners explore what’s required to capitalise on this newfound interest.

From transferability restrictions to non-competes, careful structuring of GP stakes transactions can help ensure they work for all parties, say Debevoise & Plimpton partners Geoffrey Burgess and Matthew Dickman.

Ensuring capital is effectively deployed while also meeting investors’ liquidity demands is a challenge that requires expertise and scale, say StepStone Group’s Neil Menard and Miguel Sosa.

Private debt secondaries are following in the footsteps of private equity secondaries, but with some key differences in terms of what it takes to generate alpha, says Tikehau Capital’s Pierpaolo Casamento.

Evergreen and closed-end funds will continue to co-exist, gradually taking on different roles across the private markets space, says Jennifer Collard, global head of wealth and intermediaries at Permira.

New investor types and changing LP needs are driving demand for more granular, timely data and benchmarking tools, say FTSE Russell’s Gerald Toledano and Ali Zaidi, and StepStone Group’s Tom Keck.

The innovation taking place across private markets to enable engagement with new investor segments is raising plenty of fresh considerations, says Northleaf Capital Partners’ Nadim Vasanji.

Both LPs and GPs are turning to the secondaries market as they navigate ongoing liquidity challenges, says Pomona Capital’s founder and CEO, Michael Granoff.

The slowdown in fundraising, deal activity and exits, combined with wider market pressures, is creating opportunities for PE investors, especially in less efficient market segments, writes Schroders Capital’s Nils Rode.