Joe Marsh

Other European insurance firms, such as NN Group, are also looking at the secondaries market as they work to diversify their illiquid credit portfolios.

Allianz Global Investors’ co-heads of infrastructure funds and co-investments Maria Aguilar-Wittmann and Tillman Mueller have identified 'a lot of attractive opportunities' in the market, which grew to $20bn-$25bn of volume in 2025.

Mid-life investments can offer a solve to generate liquidity and realisations, stepping into the place of CV deals that can be complicated where co-investors have backed an asset, Neuberger's head of European PE Joana Rocha Scaff says on the latest edition of PEI Group's Commitment Issues podcast.

While the Swedish pension fund plans to double its infrastructure allocation to $4bn via external managers, it will not be seeking out secondaries, head of alternatives Jonas Nyquist outlines.

Singapore-based partner Audrey The sees fast growth in the investment advisory firm's wealthy client base in Asia and a continued rise in new allocations to private credit.

Rising retail flows offer a new exit route for infra assets, but they also create their own issues, infrastructure fund investment head Kate Roscoe tells Secondaries Investor.

Stonehage Fleming and GreenBear Group want ageing funds wound up quickly to avoid issues such as questions around valuations. The secondaries market is a viable resolution route.

The firm is undertaking multi-asset expansion in the country that includes TPG NewQuest's first Japan-based secondaries hire.

Pricing on VC secondaries is less attractive now, says Schroders Capital venture chief Steven Yang.

The pair will eye 'additional areas of collaboration' amid the insurer's plans to raise its alternatives exposure.