The private capital secondary market is on course for a record year, with transaction volumes potentially reaching $250bn after hitting an unprecedented $121bn during the first half of 2026, according to a report by Bloomberg citing comments from Nigel Dawn, global head of private capital advisory at Evercore.
Blackstone is considering scrapping a proposed $3bn collateralised fund obligation that was designed to generate liquidity for investors in one of its older secondary funds, according to a report by Bloomberg citing unnamed people familiar with the matter.
The California Public Employees’ Retirement System is among the institutional investors backing a roughly $300m continuation vehicle that will allow private equity firm Monogram Capital Partners to retain ownership of beverage manufacturer Mountaintop Beverage, according to a report by Bloomberg.
Singapore sovereign wealth fund GIC is exploring the sale of private equity fund interests with a combined net asset value of around $1bn, in the latest sign of institutional investors using the buoyant secondaries market to actively manage portfolio allocations, according to a report by Bloomberg.
Adams Street Partners has raised more than $5bn to pursue private equity secondary investments, surpassing its fundraising target as investor appetite for the fast-growing asset class continues to strengthen, according to a report by the Wall Street Journal.
Ares Management is exploring the sale of approximately €3bn of limited partner interests in one of its flagship European direct lending funds, in a transaction that would rank among the largest private credit secondaries deals completed to date, according to a report by Bloomberg.
Partners Group has raised more than $5.5bn for its latest infrastructure secondaries programme – a $1.7bn closed-ended fund, alongside bespoke mandates and co-investment vehicles – making it one of the largest dedicated fundraises in the sector to date.
Growing liquidity pressures in private credit funds are creating an opening for a new generation of secondary investors, which can provide managers with an alternative source of cash as investors seek to exit, according top a report by the Financial Times.
Clipway has closed its debut private equity secondaries fund on $6.4bn, making it the largest-ever first-time secondaries fundraise and establishing the firm as the world’s largest independent dedicated secondaries manager, according to a press statement.
Ardian is packaging a portfolio of secondaries fund stakes into around $1bn of debt through a collateralised fund obligation, as private markets firms continue to seek new sources of liquidity, according to a report by Bloomberg.
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