Following on our recent observations about what institutional investors should know about the Middle East conflict for institutional investors, and the open question of whether declines in public markets would trigger...more
4/10/2026
/ Buyers ,
Capital Markets ,
Contract Terms ,
Earn-Outs ,
Institutional Investors ,
Investment Funds ,
Investors ,
Private Equity ,
Private Equity Funds ,
Private Funds ,
Purchase Price ,
Purchase Price Adjustment ,
Risk Management ,
Secondary Markets
This month’s geopolitical developments – including shifting tariffs, conflict in the Middle East and concerns around potential AI market disruption – have added uncertainty and volatility in these global financial markets....more
3/13/2026
/ Artificial Intelligence ,
Due Diligence ,
Financial Markets ,
Geopolitical Risks ,
Institutional Investors ,
Investment ,
Investment Funds ,
Investment Management ,
Market Volatility ,
Private Equity ,
Private Funds ,
Risk Management ,
Secondary Markets ,
Tariffs
2025 marked a volatile year for global dealmaking, driven by tariff announcements, elections, geopolitical tensions, and policy uncertainties. Nonetheless, the transactional markets are poised for a new phase, one defined by...more
2/25/2026
/ Artificial Intelligence ,
Capital Markets ,
Economic Growth ,
Financial Markets ,
Financing ,
Initial Public Offering (IPO) ,
Interest Rates ,
Investment ,
Investors ,
Liquidity ,
Market Volatility ,
Private Equity ,
Risk Management ,
Sponsors
As we head into the fourth quarter of what has already been a busy year in the secondaries market, we wanted to revisit a topic from the summer that may impact sales activity: the endowment tax regime. Enacted in July, “The...more
10/3/2025
/ Colleges ,
Educational Institutions ,
Endowment Funds ,
Investment ,
New Legislation ,
Nonprofits ,
One Big Beautiful Bill Act ,
Private Schools ,
Tax Legislation ,
Tax Liability ,
Tax Planning ,
Tax Rates ,
Taxation ,
Universities
The global secondaries market has experienced remarkable expansion in recent years. However, Asia has seen comparatively subdued deal activity, as investors have navigated the lingering effects of the Covid-19 pandemic,...more
9/24/2025
/ Asia ,
Asset Management ,
Coronavirus/COVID-19 ,
Emerging Markets ,
Fund Managers ,
Global Market ,
Institutional Investors ,
Investment Funds ,
Investment Management ,
Investors ,
Private Equity ,
Private Equity Firms ,
Private Equity Funds ,
Secondary Buyouts ,
Tariffs
A recurring topic of discussion among secondaries market players is the extent to which the growth in GP-led deal volume in recent years has primarily resulted from transitory factors, such as softness in exit markets. A...more
9/11/2025
/ Buyouts ,
Capital Markets ,
Exit Strategies ,
Financial Markets ,
Fund Managers ,
Fund Sponsors ,
Investment Funds ,
Liquidity ,
Private Equity ,
Private Equity Firms ,
Private Equity Funds ,
Private Funds ,
Secondary Markets
With near-constant reports on the growth and scale of the secondaries market, and headlines announcing marquee secondary fund closings, such as Carlyle AlpInvest’s recent $20 billion fundraise, one could be excused for...more
9/10/2025
/ Alternative Investment Funds ,
Asset Management ,
Capital Raising ,
Fund Managers ,
Initial Public Offering (IPO) ,
Institutional Investors ,
Investment Funds ,
Investment Management ,
Investors ,
Private Equity ,
Private Equity Funds ,
Secondary Markets
Many secondaries players began 2025 with the anticipation that the new presidential administration might further liberalize rules around access to private equity markets. SEC Chairman Paul S. Atkins and Division of Investment...more