NEXUS 2026

W Capital Partners believes it's important to compound and grow assets within original funds to mitigate what it believes will become 'more of a K-curve market', David Wachter said at NEXUS 2026.

A&M Capital's secondaries strategy has a focus on mid-market and smaller deals, which is believes offers a more attractive risk-return profile than the larger end, managing partner Jeremy Weisberg said at NEXUS 2026.

The secondaries market remains 'undercapitalised' despite the influx of private wealth capital, Ardian's Ava Mallin said at NEXUS 2026.

'It's been a tough four years for private equity... and it's why DPI is IRR today – not the new IRR – it is IRR today,' Matthew Roche, partner with StepStone Group said.

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.

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.

With evergreen fund investment in GP-led deals on the rise, how compatible are these transactions with vehicles that offer investors a degree of periodic liquidity and, in most cases, diversified exposures?

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.

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.