Secondaries
Capturing transformational return opportunities by investing in the next phase of growth for high-performing private equity-backed businesses.
Explosive growth
The market for continuation investments makes up about half of total annual secondaries volume, and we have forecast it to reach over $300 billion by 2030.
Deployment through the cycle
Leading GP-led secondaries practice, with over $3.5 billion of invested capital (as of 30 June 2025), leveraging our global network to source the most attractive opportunities.
Differentiated strategy
We have the ability and expertise to lead complex transactions in lower mid-market buyout continuation investments globally.
Our secondaries expertise
The rapidly growing market for continuation investments, sometimes referred to as ‘GP-led secondaries’, has become a valuable part of an investor’s private equity toolkit. They seek to offer transformational returns by accessing the next phase of growth for high-performing private equity-backed businesses without a disruptive change of ownership.
We focus on the lower mid-end of the market, where we are better able to target quality companies, with transformative growth potential. We’ve spent years building strong partnerships across the globe, with over 400 active GP relationships in our network providing access to high-quality deal flow that is less accessible to other investors across our target sectors.
Case studies
Gain a deeper understanding of how we navigate the opportunities across our private equity strategies through our investment case studies.
Risks
Investments involve risks including the risk of possible loss of capital/principal. Investments in private assets involve a higher degree of risk than more traditional investments.