GP-Leds

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.

Exit volumes will move assets’ cashflows forward allowing secondaries buyers to offer higher prices, which in turn should pull sellers into the market, Blackstone’s global head of Strategic Partners said at Nexus 2026.

The structure will consist of a portfolio of 22 infrastructure assets that are held by the firm’s legacy funds.

The vehicle is expected to be $2bn in size once it is formally established, with room to get larger over time, Secondaries Investor understands.