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Madeleine Farman

Madeleine Farman is the editor of PEI Group’s Secondaries Investor title based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
The vehicle is expected to be $2bn in size once it is formally established, with room to get larger over time, Secondaries Investor understands.
In this edition of Secondaries Investor's Second Thoughts podcast, Evercore's global head of private capital advisory Nigel Dawn discusses the outlook for activity in 2026 and the key trends shaping the capitalisation of the market over the longer term.
We’ll hear the latest on the market’s innovation, capitalisation, tailwinds and headwinds at PEI Group’s Nexus 2026.
Sun setting over buildings in London
The vehicle, named Andantino AV, has some CV components and houses Vitruvian’s ownership in four assets, Secondaries Investor understands.
Pressures in private equity continued in 2025, with fundraising dipping by 17% year on year in 2025.
The original size of the portfolio CalPERS brought to the market is understood to be between $2.3bn and $3bn.
Private markets participants have hypothesised that the GP-led market will shrink when the M&A market picks up. That didn’t happen in 2025.
A person climbing steps, depicted with wooden blocks
The firm has also made further leadership promotions and created two regional operating committees to ‘further strengthen local leadership’, according to a memo seen by Secondaries Investor.
Hand cutting a slice from a large dollar coin
A raft of secondaries investors participated in Crescent's continuation vehicle, including co-lead Allianz Global Investors.
Photo illustrating businessperson riding a rocket.
Secondaries professionals share their insights into what they believe will continue to drive market activity in the New Year.
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