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Secondaries Investor Awards 2025

Celebrating the secondaries market’s stand-out players

Now in its second year, the Secondaries Investor Awards celebrate the best-in-class buyers, advisers and transactions seen across the market globally. A judging panel comprising PEI Group editors painstakingly selected the winners and runners-up from hundreds of submissions. Here, we celebrate those that shone in each category.

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PREVIOUS AWARDS

Secondaries Awards 2024: Americas winners

In the first PEI awards to give secondaries its own list of winners, Lexington Partners wins Secondaries Firm of the Year in the Americas.

Secondaries Awards 2024: EMEA winners

Coller Capital misses out on Secondaries Firm of the Year to Ardian, which transacted on more than $15bn across the US and Europe during the judging period.

Secondaries Awards 2024: Asia-Pacific winners

The top secondaries deals, firms, law firms and advisers of the year from the APAC region.

LATEST SECONDARIES INVESTOR HEADLINES

Pantheon backs BlackRock BDCโ€™s credit CV

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

Behind GP-leds’ banner H1 figures

Market volatility only tells part of the story of the GP-led marketโ€™s domination in the first six months of the year, with fundraising and expansion into new asset classes also driving growth.

Industriens Pension mulls adding more infra secondaries exposure

The Danish retirement scheme favours indirect over direct investment in secondaries and has made commitments to all five infra secondaries vehicles managed by Pantheon, infrastructure funds head Mikkel Kjaersgaard tells Secondaries Investor.

G Squared secures $2.3bn as venture secondaries heats up

The firm's seventh flagship is about twice the size of its previous vehicle and took half as long to raise.

Cyclical tailwinds buoying secondaries will persist for โ€˜next several yearsโ€™ – Carlyle’s Schwartz

Carlyle increasingly views AlpInvest as more of corporate finance business than a standalone secondaries unit, chief executive Harvey Schwartz said on the firm's Q2 2026 earnings call.

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