GP-Leds

'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.

GP-led secondaries would appear to provide an obvious route to liquidity for staking investors but there are some issues to iron out.

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.

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.

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.

Speaking on the sidelines of PEI Group’s NEXUS conference, Neal Costello, co-head of New Mountain Atlas, discusses how the PE firm will seek to differentiate itself and why he made the jump to the buyout firm.

The ability to select assets and ensure alignment with GPs will support the performance of credit GP-led deals, according to Olga Kosters, head of credit secondaries at Antares.

From increased LP selling to a new normal for CVs, here are some of the events that attendees at PEI Group’s NEXUS 2026 conference expect to see in the secondaries market this year.

Temasek’s Azalea Investment Management expects more GPs to use the technology to crystallise liquidity for LPs, according to managing director Justin Keh.