Kyle Madison joins Pendlebury Hall Advisors as Director to co-lead the firm's growing Secondary Advisory Services practice.

José Luis González Pastor, Managing Director at Neuberger Berman covering private markets and co-investments, spoke on that Fund Shack podcast from the SuperReturn Conference in Berlin about the current state of private equity in 2025. González Pastor identifies a significant liquidity crunch gripping private markets, with deal-making activity stalling due to political and macroeconomic uncertainty despite initial optimism for 2025.

Michael Schad, Partner and Head of Credit Secondaries at Coller Capital, sat down with Fund Shack at SuperReturn Berlin to discuss the explosive growth potential of private credit secondaries. Schad argues that the shift from bank lending to private fund lending represents a secular trend that could eventually make credit secondaries larger than private equity secondaries.

PitchBook's Q1 2025 US VC Valuations and Returns Report reveals an unprecedented concentration of capital, with AI & machine learning companies capturing 71.1% of total VC investment value while representing just one-third of all deals. This bifurcated market shows AI continuing to command premium valuations while the broader venture ecosystem faces pressure.

Wealthy individual investors are pouring money into "evergreen" private equity vehicles, allowing large institutional investors to sell their fund stakes at higher prices despite the private equity industry's ongoing slump.

Apollo announced the successful closing of its first equity secondaries fund at $5.4 billion, exceeding its target, according to a press release and Bloomberg's reporting. The fund represents Apollo's expansion into secondhand private equity deals as liquidity challenges mount in private markets.

Asia-Pacific private equity markets showed tentative recovery signs in 2024, with deal value increasing 11% while fundraising plunged to a 10-year low, according to Bain & Company's Asia-Pacific Private Equity Report 2025. India emerged as the region's star performer, recording double-digit growth in both deal value and count.

Despite a slowdown in private markets over the past three years, Schroders Capital's Q2 2025 outlook suggests valuations and yields are now attractive, though significant risks remain from US policy changes affecting trade, immigration, and ESG priorities.

VC secondaries market reaches $60B but remains small slice of venture ecosystem despite liquidity drought.

Private equity optimism rises for 2025 despite valuation concerns and macroeconomic caution.

Private markets signal recovery with improved bank lending, record secondaries activity, and AI investment dominance reshaping the landscape

Pantheon raises $1.1B for GP-led secondaries fund, doubling previous raise amid growing demand for PE liquidity solutions.

Liz Campbell: Middle market PE offers better value via operational improvement vs financial engineering

Secondary market volume surges to new heights as GPs leverage continuation funds for trophy assets and LPs seek portfolio liquidity solution

EQT sells 20 million shares in Azelis Group NV for €366 million, receiving €333 million in gross proceeds from the transaction.

Hamilton Lane launches a new evergreen secondary fund for U.S. accredited investors, expanding access to private markets investments.

Neuberger Berman closes its second real estate private equity secondary fund at $1.05 billion, exceeding its $800 million target.

Pantheon's outlook forecasts $150 billion in private credit secondary market deal flow over the next three years.

Private markets evolve with record secondary volumes, AI-driven infrastructure demand, and growing mid-market focus despite macro headwinds.

Lexington Partners promotes two to Partner and names new Co-Chair of Secondary Investment Committee, bolstering leadership team.