Silas Sloan

After hearing pitches from more than 50 suitors over the years, Kline Hill found a match in TA, managing partner Mike Bego told Secondaries Investor. 

Opinions vary over whether the asset class will outstrip 2024's record-breaking deal volume total, or whether recent uncertainty will cause it to miss the mark.

The denominator effect will resurface in 2025, motivating LPs to sell into the secondaries market for active portfolio management, according to a report from PJT.

While the exact size of the portfolio is unclear, Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.

The two continuation funds involve four assets from Leonard Green's 2011-vintage Green Equity Investors VI, which NIC backed in 2011.

The acquisition provides Sagard a ‘significant expansion’ into secondaries as it seeks to scale its evergreen product offering, chief executive Paul Desmarais III told Secondaries Investor.

The process, involving a fast-casual Mexican food chain, adds to the trend of restaurant businesses being rolled into CVs.

The Australian superannuation fund, which was looking to sell prior to the US’s tariff announcements, is facing difficulty gauging pricing amid recent uncertainty, head of PE Jenny Newmarch tells Secondaries Investor.

The secondaries market is shrouded in uncertainty after this week’s volatility. There are, however, reasons to remain upbeat over the longer term.

Amid the widespread adoption of continuation funds, an LP’s ability to roll into a fund is becoming more important.