The PE Secondaries Market Just Hit $240 Billion: What the Data Actually Shows
The global private equity secondary market hit $240 billion in transaction volume in 2025, up 48 percent year over year and the largest total ever recorded, according to the Jefferies 2025 Global...
GCM Grosvenor's $1.2B Credit Secondaries Fund Signals a Market Shift
TL;DR: GCM Grosvenor closed its first dedicated private credit secondaries fund at $1.2 billion, according to the firm's own July 23, 2026 announcement , with the deal still generating fresh trade coverage into early...
Why the GP-Led Continuation Vehicle Boom Should Worry LPs, Not Reassure Them
Hamilton Lane just led a $270 million single-asset continuation vehicle so Cynosure Partners could keep its decade-old stake in Savant Wealth Management, a firm that's now roughly 25 times larger...
The Secondaries Boom Has a Pricing Problem Nobody Is Talking About
Everyone in private equity is celebrating the secondaries market right now, and I think that celebration is premature. The headline numbers look great: Adams Street closed a fund north of $5 billion,...
Private Equity Secondaries Hit $226-240B in 2025: What the Discount-to-NAV Data Really Shows
TL;DR: The private equity secondary market hit a record $226 billion to $240 billion in 2025, up 41% to 48% year over year, depending on whether you trust Evercore's or Jefferies' count. Roughly half...
SEC Probes Continuation Vehicles: What Accredited Investors in GP-Led Funds Must Know Now
TL;DR — What You Need to Know The SEC is actively investigating continuation vehicles (CVs) for conflicts of interest, valuation manipulation, and inadequate LP disclosures. This is not a future risk;