(Bloomberg) — Wellington Management Co., which is best-known for traditional stockpicking funds, is plotting a move into the fast-growing business of buying and selling private equity stakes. The money manager is in talks with potential hires to start a so-called secondaries arm to acquire illiquid positions from other investors, according to people familiar with the matter. The firm is working with an executive recruiter and told candidates about its plans, the people said, asking not to be identified because the information isn’t public. A Wellington spokeswoman declined to comment. The firm, which oversees more than $1 trillion of assets, has its roots in managing mutual funds. Like other money managers, it’s increasingly drawn to the $13 trillion private markets industry as the pool of publicly traded US firms shrinks. Traditional asset managers are also grappling with outflows and squeezed margins as clients leave mutual funds for cheaper index products. That shift — and the allure of higher fees — is reshaping managers that are best known for picking stocks and bonds. Wellington, which has a large institutional client base, has been investing in private equity for at least a decade and has also backed unicorns such as WeWork and Airbnb. In recent years, it has made a more aggressive push into private markets. The Boston-based firm hired a team of four fund managers from Pacific Investment Management Co. this year to start a private real estate credit platform as it aims to grow in private credit. By entering the secondaries market, Wellington would provide relief to investors that need cash because of a prolonged lull in deal exits. President Donald Trump’s tariff war has further hobbled dealmaking, forcing yield-starved pensions to offload their stakes to secondhand buyers at discounts for cash. Meanwhile, elite universities are selling private-fund stakes to shore up cash in the face of threats to their tax-exempt status. New buyers are now stepping into the arena, betting that the secondaries industry could top past records. Exchange-traded fund giant BlackRock Inc., which struck deals to buy three private-markets firms in the space of a year, said in a recent report that it predicts that the secondaries market growth will accelerate. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.