NEXUS 2026

The firm’s secondaries platform crossed the $100bn AUM milestone in the first quarter, president and COO Jonathan Gray said on a Q1 2026 earnings call.

Cross-fund investments are generally used for single-asset CVs as secondaries investors expect GPs to be 'as much all-in on trophy, crown-jewel assets as they possibly can be,' according to William Blair’s Tom Marking.

Exits and liquidity pressures, growing mid-market opportunities and the rise of evergreen capital are reshaping how LPs are approaching private equity investing.

'It's been a tough four years for private equity... and it's why DPI is IRR today – not the new IRR – it is IRR today,' Matthew Roche, partner with StepStone Group said.

The ecosystem for emerging manager fundraising has expanded over the years, with groups like Churchill Asset Management playing a significant role in helping support new firm formation.

LPs are taking an increasingly proactive approach to the secondaries market, while CVs will represent 10-20% of PE exits, managing partner Yann Robard said at NEXUS 2026.

An eventual uptick in distributions will lead to higher pricing, which will see a larger proportion of opportunistic LPs coming to the market, managing director Jake Stuiver tells affiliate title Secondaries Investor.

The Oslo-based firm is expanding its North American LP base as investors there increasingly look to Europe for outsized returns.

In this five-minute video, chief executive Edward Talmor-Gera outlines why he believes private markets indexing will follow a similar trajectory to public markets.

Lynne Kostakis, executive director for alternative investments, wealth management at the $1.8trn AUM banking institution, discusses the suitability of private markets for individuals in this four-minute video.