Madeleine Farman

Yonatan Puterman has stepped into head Coller’s equity division with its co-head of investments François Aguerre stepping into a senior adviser role, Secondaries Investor has learned.

Pantheon has been given the regulatory green light for its evergreen Global Infrastructure Secondaries Fund, while Ardian has launched an evergreen feeder fund to tap Australian wholesale investors.

The vehicle, raised in partnership by the two firms, exceeded its $300m target to close on its hard-cap.

The key takeaways from affiliate title Secondaries Investor's inaugural survey of LPs, secondaries buyers, GPs and advisers.

Lazard’s acquisition of Campbell Lutyens proves scale matters. While there’s room at the top for more players, success will come with a price tag.

The manager's $1bn CFO created access for insurance investors that had lost the ability to back PE, while offering a compelling capital raising strategy for the firm itself.

GP counsel fees paid by both sides of a deal ranged from zero to around $79,000, according to research by AI workflow automation platform AltConvey.

A white paper by Carlyle AlpInvest estimates there was $20bn of credit secondaries dry powder at the start of 2026 and offers six to nine months of deployment runway at current deal velocity.

The sub-asset class has been described as one of the most undercapitalised private market strategies – while estimates for future growth are high, there are structural elements to consider.

Mubadala’s indirect investments arm, which launched its secondaries unit in 2024, deployed $19bn in 2025.