Private equity fund investors agreed $9bn of alternative structured transactions last year as they sought liquidity from ageing fund positions amid a continued slowdown in exits and distributions, according to a report by the FT citing data from Jefferies.
The US Securities and Exchange Commission’s enforcement division is examining continuation vehicles, in a move that signals heightened regulatory attention on private markets structures, according to a report by Reuters.
DC Advisory’s European GP-led secondaries advisory team has been disbanded following the departure of its senior leadership over the past year, marking another retreat by an investment bank from a once fast-growing segment of private markets, according to a report by the Wall Street Journal.
A growing reliance on multi-layer continuation vehicles is leaving private equity assets in prolonged ownership structures, highlighting the industry’s struggle to exit investments through traditional sales or IPOs, according to a report by the Financial Times.
Ardian is increasingly positioning itself as a key buyer of private equity stakes from major Canadian pension funds, as institutional investors accelerate use of the secondary market to generate liquidity amid slower distributions and subdued deal activity, according to a report by Bloomberg.
Blackstone Inc’s secondaries business crossed $100bn in assets under management during the first quarter, cementing its position as one of the largest players in the rapidly expanding market for secondhand private equity stakes, according to a report by Bloomberg.
Switzerland-based private markets investor Partners Group has completed fundraising for its eighth private equity secondaries program, securing more than $9bn in total commitments across a mix of fund and co-investment vehicles, the firm said.
Goldman Sachs Asset Management and Ardian have purchased a $1bn portfolio of US private equity interests from China Investment Corp. (CIC), in a secondary market transaction involving the sovereign wealth fund’s efforts to reduce exposure to illiquid assets, according to a report by Bloomberg.
China’s largest insurer Ping An Insurance Group is seeking to reduce its exposure to software-focused private equity investments through a secondary sale of fund stakes valued at around $1bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
Netley Capital, a London-based private investment firm focused on tertiary investing, has secured additional committed capital for its tertiaries franchise, bringing total deployable capital to approximately $825m from $315m at launch in September 2025.
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