Editor's View

Our in-house take on what news, trends and developments affecting the secondaries market means to its different participants. In these weekly commentaries we stir discussion and prompt debate as well as comment on issues important to market participants in a lively and thought-provoking way.

Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis
Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.
A businessperson pressing buttons that say 'IPO'
Private equity continues to face a liquidity crunch. Could a new technology for exits be on the horizon?
crane with people pointing
Three infrastructure managers were snapped up during a week where Pantheon has raised the market's biggest ever secondaries fund focusing on the asset class.
The firm's $22.7bn haul this week comes at a time when institutional investors are assessing the opportunity cost of their investments.
Advisories with secondaries capabilities are proving particularly attractive in the race to offer clients a one-stop-shop.
An hourglass with the sand beginning to run out
In 2023, continuation funds spread to geographic markets anew and niche strategies such as impact funds, while increasingly involving complex situations and assets.
Two historic fundraises in the space of a week tell us much about where real estate investors see opportunities for returns in a fractured market.
man riding a dollar sign with a telescope
As we approach the end of 2023, here are three areas to keep an eye on – and yes, they all relate to the secondaries market's capitalisation.
Continuation funds are now part of the private markets play book. MassPRIM has approved a policy that will give its investment team more flexibility to back these vehicles as the opportunity rolls in.
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