Transaction volume last year was significantly up from $114bn in 2023, with both LP-led and GP-led transactions hitting new highs.
Fundraising for secondaries strategies last year reached just under $100bn, falling short of 2023’s record haul for the sub-sector.
The largest secondaries vehicle to close in 2024 was more than double the size of the runner-up.
Coller Capital's latest barometer has found that most investors see the main purpose of continuation funds as providing an alternative to selling assets at a low valuation.
The firm defines RE deals as any transaction where private equity is exchanged in the capital stack and where the operator maintains control over the asset.
Download our latest list of the continuation funds that were known or disclosed during the first nine months of this year.
Secondaries investors expect pricing for GP- and LP-led deals to mostly increase or stay the same, with few expecting decreases.
Secondaries are carving out a greater share of the private real estate fundraising market following successive record fund closures in the past 18 months.
Secondaries volumes in Q1-Q3 2024 match the full-year total for 2023, according to PJT's Q3 2024 Secondary Market Insight report.
More capital was raised in the third quarter of this year than the entire first half, fundraising data from Secondaries Investor shows.