Hannah Zhang

Cross-fund investments are generally used for single-asset CVs as secondaries investors expect GPs to be 'as much all-in on trophy, crown-jewel assets as they possibly can be,' according to William Blair's Tom Marking.

The firm’s secondaries platform crossed the $100bn AUM milestone in the first quarter, president and COO Jonathan Gray said on its Q1 2026 earnings call.

Four debut strategies – including three focused on single-asset CV investments – ranked among the top 10 fundraises in Q1 2026. As LPs seek diversification, expect to see more of these funds drive figures.

The GP-led market is expected to see a more “mixed-quality” set of assets come through, according to StepStone’s Philippe Ferneini.

While the US Department of Labor’s March proposal flagged CVs as an area of concern in 401(k) plans, it should not be taken as a signal to rule them out.

The firm’s inaugural European senior debt fund was launched through an innovative secondaries process backed by Carlyle AlpInvest.

Impact-focused LPs may use CVs to 'lock' the impact mission of companies, according to panelists at PEI Group’s Impact Investor Global Summit.

Impact-focused LPs may use CVs to 'lock' the impact mission of companies, according to panellists at PEI Group's Impact Investor Global Summit.

Evercore and HEC Paris's fifth CV performance study includes 396 CVs formed between 2018 and 2024, a significant increase on the 140 funds analysed in the inaugural report.

The CV includes follow on capital to 'capitalise on a strong pipeline already in place', according to a statement shared with Secondaries Investor.