Madeleine Farman

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.

The industry body's prior guidance was 'silent on a lot of things,' chief executive Jennifer Choi tells affiliate title Secondaries Investor.

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

LPs in €566m EQT Ventures I included HarbourVest, which led the new CV, as well as AP Fonden 4, Danica Pension, Ilmarinen Mutual Pension Insurance Company, Investor AB, Danish Export and Investment Fund, European Investment Fund and Tesi.

The continuation fund houses eight assets, with five to six making up the bulk of net asset value, Secondaries Investor understands.