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Favourable economics and inherent diversification are drawing more LPs to co-investment, says Patrick Kocsi, co-head of co-investment at Ardian.

Single-asset continuation vehicles have reached a tipping point as a widely used portfolio management tool for sponsors, argue Lexington Partners’ Christophe Browne and Jeffrey Bloom.

Secondaries have now matured into an established asset class, and GP-led transactions are leading the way in reshaping the market, says Stefano Manna, head of GP advisory at Investec.

Co-investors can add value through the lifecycle of an investment without interfering in the day-to-day operations, say Lindsay Creedon and Darren Friedman, partners at StepStone Group.

A second Trump term is unlikely to impact the momentum that has built behind an economically rational energy transition, says Lorenzo Fusco, private equity investment manager at Pictet.

New pricing patterns and rising competitiveness are helping to distinguish GP-leds from the LP-led side of the market, says Morgan Stanley Investment Management’s Nash Waterman.

Surging demand for GP-led secondaries is altering how investors analyse dealflow and accelerating buyer specialisation, according to Baird GP Solutions’ Jeremy Duksin, Alex Mejia and Chad Bounds.

Investors need to re-evaluate outdated allocation models in light of an explosion in GP-led secondaries deals, says New 2ND Capital founder Tjarko Hektor.

In the rapidly evolving GP-led market, new approaches to deal terms and structures are proving a hot topic, according to Akin partners Fadi Samman, Daniel Quinn and Simon Ellis.

The arrival of niche strategies in GP-led secondaries is helping to diversify the opportunity set like never before, according to AltamarCAM Partners’ Rocío Heres and Miguel Echenique.