Secondaries

Available secondaries capital grew to a record high of $302bn in the first half, with aggregate NAV of retail vehicles managed by secondaries investors surpassing $80bn as of March, according to a report from Jefferies.

GP-led deals represented around $48bn of the estimated $102bn of first-half secondary volume, according to Evercore’s latest volume report.

Secondaries dealmaking broke another record in H1 2025. Plus: Azerbaijan's sovereign wealth fund has upped its private equity allocation. Here's today's brief, for our valued subscribers only.

CalPERS could raise its private equity allocation yet again as its strategic overhaul begins to bear fruit. Plus: the lines between unlisted asset classes are becoming increasingly blurred; and CVC returns with its second GP-led in as many years. Here's today's brief, for our valued subscribers only.

Youngshin Park, a 20-year veteran of the country's LP community, explains what makes Korean LPs tick and outlines the best strategies for accessing this rich source of capital.

Secondaries buyers have been eyeing both RMB- or USD-denominated opportunities in China as managers contend with a dearth of exits, investment principal Karen Tse tells affiliate title Secondaries Investor.

One of the assets involved was being mulled for a separate CV managed Carlyle in a process that has since been dropped, Secondaries Investor understands.

North American funds were the most active during H1 2025 in spite of growing geopolitical uncertainty.

In the latest episode of PEI's Spotlight podcast, the co-managing partner at the $185bn private equity firm discusses what tools effective investors need during times of uncertainty.

How far can secondaries go in addressing private equity's 20-year exit overhang? Plus: UTIMCO is eyeing the secondaries market; and why dividend recaps may become harder to achieve. Here's today's brief, for our valued subscribers only.