Tariffs

Opinions vary over whether the asset class will outstrip 2024's record-breaking deal volume total, or whether recent uncertainty will cause it to miss the mark.

The credit secondaries market is being rolled out 'on steroids', says Coller’s Michael Schad on the latest episode of Second Thoughts.

Managers will seek to tap the secondaries market to keep hold of their prized assets while M&A remains muted – however, the single-asset space remains significantly undercapitalised.

The denominator effect will resurface in 2025, motivating LPs to sell into the secondaries market for active portfolio management, according to a report from PJT.

Secondaries investors are 'adding the equity risk premium for all the unknowns' and breaking down deals into smaller bites to better manage risks.