Hannah Zhang
Secondaries Investorโs latest CV deal log shows activity broadening across segments, transaction types and asset classes.
In this edition of Secondaries Investor's Second Thoughts podcast, Macquarie Asset Management's Wandy Hoh and Baird's Jeremy Duksin discuss the rapid evolution of infra secondaries and share their expectations for future growth across both the LP-led and GP-led markets.
The firmโs inaugural European senior debt fund was launched through an innovative secondaries process backed by Carlyle AlpInvest.
Q1 saw 27 CVs close, with nine involving asset classes beyond private equity.
Rising buyside demand and greater emphasis on asset selection have reduced the percentage of CVs priced in the lower range, according to the firmโs latest CV study.
The CV market is increasingly focused on 'best practice terms' rather than simply getting deals done, partner Joe Zargari tells Secondaries Investor.
While the US Department of Laborโs March proposal flagged CVs as an area of concern in 401(k) plans, it should not be taken as a signal to rule them out.
The GP-led market is expected to see a more 'mixed-quality' set of assets come through, according to StepStoneโs Philippe Ferneini.
Four debut strategies โ including three focused on single-asset CV investments โ ranked among the top 10 fundraises in Q1 2026. As LPs seek diversification, expect to see more of these funds drive figures.
The firmโs secondaries platform crossed the $100bn AUM milestone in the first quarter, president and COO Jonathan Gray said on its Q1 2026 earnings call.










