The Secondary Brief
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Penta keeps Sumer at £1bn, TPG sole lead
November 6, 2026
Also: L3Harris's pension sold five young buyout stakes, and Air First's foreign price is set at ₩4.2tn.
Revolut trades at $115bn, Molten sells at 21x
November 5, 2026
Also: Marsh closes AltamarCAM, KeyBanc buys a placement agent, and Virginia's PE trails by 15 points.
Dawson's seventh fund has $6.15bn after a year
November 4, 2026
Also: Apollo spends $350m to make private credit tradable, and Isomer buys stakes from 20 Episode 1 investors.
Flagship infra draws bids from 90% to par
November 3, 2026
Also: Lexington leads AE Industrial's $850m Blue Raven vehicle and Neuberger's sixth fund shows $3.4bn raised.
Lazard closes Campbell Lutyens deal, opens Lazard CL
November 2, 2026
Also: Chrysalis marks Starling at twice the founder's sale price, and Cox's first two bids expire on Tuesday.
Partners Group's split wipes the exit queue
November 1, 2026
Also: HVPE's update on Monday, Apollo and Hamilton Lane on Tuesday, and Cox's first two bids expire at 5pm.
Sellers took 80% to 111% of value
October 31, 2026
Also: four more LP sellers named in the registers, two priced near three-quarters of NAV, and the board.
Partners Group's evergreen paid a third of $2.2bn
October 30, 2026
Also: NBPE sells co-investment stakes at 93% and OneMonroe at 111%, and Ares' secondaries buying slows.
AlpInvest pays 94% of value for Oakley stakes
October 29, 2026
Also: PGIM and LGT co-lead Tree Line's $680m credit CV, and GIC's money arrives for Air First.
AllianzGI leads KKR's first credit CV at $460m
October 28, 2026
Also: Blackstone buys co-investment stakes at about 80% of NAV, and SpaceCorp files to list on the NYSE.
Anthropic's big holders wait a year to sell
October 27, 2026
Also: StepStone buys a $985m industrial recap with GID, and Iconiq files its yearly secondaries vehicle.
Two of Nautic's LPs lead its $3bn CV
October 26, 2026
Also: a NYSE fund that pays for AI venture fund stakes in shares, and Charterhouse X stakes trade again.
LPs want secondaries most, distributions hold them back
October 25, 2026
Also: Cox Capital will lend up to 65% of NAV against BDC shares, and Ares, Blue Owl and TPG report Thursday.
Five LP sellers named, priced 84% to 94%
October 24, 2026
Also: StepStone's venture secondaries fund passes $1.77bn, and Saba loses the Baillie Gifford US Growth vote.
Blackstone's secondaries carry passes its buyout fund's
October 23, 2026
Also: buyers call the continuation fund slowdown a false narrative, and Keyhaven's €100m Novation Tech CV.
Pantheon closes $6bn flagship, 71% above target
October 22, 2026
Also: ILPA settles CV elections at 20 business days, and HVPE sells funds at 94% to buy its shares at 90%.
Partners Group cuts fees before 9 November vote
October 21, 2026
Also: a ten-year study clears evergreen buyers of bidding up prices, and Verdane files for a second CV.
Goldman and Evercore pitch 15-year continuation funds
October 20, 2026
Also: Jefferies tells shareholders it advises one CV in five, and secondaries fundraising fell 18% in Q3.
Partners Group moves gated fund's stakes before vote
October 19, 2026
Also: seven houses' evergreens share Stone Point's CV, and Evercore's secondaries chief becomes co-president.
Asia-Pacific GP-led deals could reach $16.8bn in 2026
October 18, 2026
Also: S&P cuts BCRED's outlook after a 5.9% NAV fall, and Blackstone's first call since Eclipse is Thursday.
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