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Fund secondaries transactions have grown enormously over the last 20 years or so. Recently, funds have been under pressure to return capital to investors in the context of a range of market ...

Although the GP market has boomed over the past couple of years, it’s not about to replace secondary transactions led by investors. GP- and LP-led transactions are two distinctly-structured liquidity ...

This episode of The State of Secondaries features an insightful conversation with Adrian Millan, Partner at PJT Partners. We discuss the dynamic world of LP-led secondaries, exploring key themes ...

The pricing of private equity secondaries has come down from its 2021 peak as investors sell their PE stakes at a record pace, but not all types of secondaries have been equally affected by the ...

In mid-June, Hamilton Lane, a private markets investment manager, closed fundraising for its Hamilton Lane Secondary Fund VI. Dedicated to investment in secondaries and with an initial target of $5 ...

In this paper, we discuss why we believe current market conditions will continue to benefit secondary buyers. Given the size of the market, the increased portfolio management by limited partners, and ...

An increasing share of commitments are being earmarked for GP-led transactions over the course of 2025, data from investment bank Lazard has found. GP-led transactions accounted for 48 percent of the ...

During the recent environment of easy money and growing demand, private equity (PE) fundraising grew rapidly over the last two decades. From 2011-2021, private equity generated 11 consecutive years of ...

Exclusive content, detailed data sets, and best-in-class trade insights to rewrite your portfolio for tomorrow. Try it Now Micki Haber, COO and David Markson, Senior Managing Director of Evercore’s ...

Debt finance plays a key role in all parts of the capital structure for private investment funds and their investors. In particular, the use of debt finance is an increasingly important component of ...