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 $3bn-plus portfolio sale dubbed Project Ember includes a portion of equal strips to buyout funds, Secondaries Investor understands.
LPs are taking an increasingly proactive approach to the secondaries market, while CVs will represent 10-20% of PE exits, managing partner Yann Robard said at NEXUS 2026.
As the secondaries market braces itself for the next round of macroeconomic uncertainty, there is a playbook based on previous choppy markets.
The secondaries market is taking stock of macro events, which could lead to some movements around pricing, PJT Partners’ Adrian Millan said at NEXUS 2026.
Not every company marketed as a trophy asset is indeed a crown jewel, leading to specialised work on behalf of buyers to sort through opportunities, attendees heard at PEI’s NEXUS conference last week.
Both Bridgepoint, owner of PEI Group, and Bridgepoint Newbury expect to launch the next flagship secondaries fund in 2026, Pete Labbat and Chris Jaroch tell Secondaries Investor.
An eventual uptick in distributions will lead to higher pricing, which will see a larger proportion of opportunistic LPs coming to the market, managing director Jake Stuiver tells Secondaries Investor.
While Apollo S3 is open to making acquisitions, it is likely to continue to build its secondaries platform via organic growth, co-head Steve Lessar said at PEI’s NEXUS conference.
Secondaries buyers’ own specialisation is aiding in GPs’ interest to consider a CV in tandem with other exit options, Moelis & Co managing director Jeff Hammer said at NEXUS 2026.
Carlyle is looking to raise $200 billion-plus of capital inflows by 2028, with ambitious targets also set for private equity and global credit.