![liquid and digital_chaos concept](https://media.secondariesinvestor.com/uploads/2024/04/liquid-and-digital_chaos-concept-1088x467.jpg)
The case for standalone LP-led and GP-led vehicles
ICG and Manulife closed on their respective debut LP-led and GP-led vehicles this week. Both firms believe the secondaries market will continue to specialise in this way – they’re just early adopters.