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Thought leadership from the secondaries sector’s leading voices including legal experts, industry veterans, asset class specialists (from real estate to private equity) and academics.

Presenting: the buyer-led secondaries deal.
Some 450 private markets professionals attended PEI Group’s 2025 Women in Private Markets Summit this week. With liquidity on the minds of many, the secondaries market was front and centre.
Samman Fadi Akin
While rapidly changing market conditions can create significant bid-ask spreads, there are tools and concepts the secondaries market can borrow from M&A to get deals across the line.
Tariff turmoil could battle test the resolve of individual investors and their suitability for the burgeoning community of semi-liquid private markets funds.
Yale's sizeable portfolio sale could spur a number of endowments to follow suit – with programmatic seller Harvard in market alongside it.
It has become increasingly common for sellers to seek to negotiate a limit on their clawback liability, according to law firm DMX Partners.
The credit secondaries market is being rolled out 'on steroids', says Coller’s Michael Schad on the latest episode of Second Thoughts.
While some LPs that had planned to sell into the secondaries market this year are mulling whether the time is right, others are ploughing ahead with their processes – for now.
The secondaries market is shrouded in uncertainty after this week’s volatility. There are, however, reasons to remain upbeat over the longer term.
PE firms with more knowledge about assets through their secondaries strategies could be more aggressive in the M&A bidding process.
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