Golding News
CIO View II/2026
The New Role of Secondaries
The secondary market is now among the most dynamic segments of private markets. Record transaction volumes, the growing importance of GP-led transactions, and the strategic use of secondaries in institutional portfolios all underscore this evolution.
The key question is no longer whether the secondary market matters, but which factors will determine investment success going forward.
In the Golding CIO View, our Chief Investment Officer Daniel Boege examines why the evolution of the secondary market extends far beyond a cyclical liquidity phenomenon.
He explains why access and selection capabilities are becoming increasingly important competitive advantages and why we continue to see attractive opportunities in the European small and mid-market segment.