Secondaries

Co-CEO Marc Lipschultz pushes back on the ‘panic’ narrative, saying it is driven by sentiment, not fundamentals.

The hedge fund and activist investor says it will target public and private BDCs at 30% or more discounts to NAV.

Marsh’s investment manager outpaces the target for its eighth vintage.

Secondaries on the rise, but LPs and GPs don’t always see eye to eye. Also, Pemberton highlights US/Europe disparity over retail and software woes; and private credit deals on the up in Africa. Here’s today’s brief for our valued subscribers only.

The firm’s Credit Opportunities Fund II collected more than double its target and will primarily invest in secondaries and co-investments

‘Asymmetry’ of information and lack of look-through are preventing some investors from participating, according to speakers at the Private Debt Investor Tokyo Forum.

The proportion of capital raised by secondaries funds in Q1 has exceeded that seen in 2025.

Simon England-Brammer’s new venture, which has been quietly establishing a track record and client base, is open to investing in private credit and private equity via asset managers.

A growing number of LPs in South Korea see secondaries as an opportunity to invest in credit at a low price with downside protection.

Such opportunities ‘can provide us with some downside protection against the macro flows rather than going with the flow as part of the herd’, says head and OCIO Seong Sup Cho.