There are 10 such vehicles in market, according to Secondaries Investor data, targeting at least $4.3bn between them.
PJT Partners expects private equity secondaries to see $75bn of volume in H2 2024.
Fundraising in the first half dipped year-on-year to $34.5bn, with Hamilton Lane's $5.6bn close on Secondary Fund VI marking the largest raise in H1 2024.
Trading of second-hand stakes in funds and assets will hit a record this year, according to Verdun Perry, global head of Strategic Partners.
One-third of respondents to Secondaries Investor‘s latest survey of intermediaries say they worked with another adviser on a transaction during the reporting period.
More transactions are using a delayed payment structure in a bid to bridge mismatches in pricing expectations.
Nine out of 10 secondaries firms expect to see more capital from wealthy individual investors in their next funds, according to research from Investec.
Going beyond standard commitment expectations in continuation fund transactions can help sponsors demonstrate alignment.
The eighth edition of our law firm survey shows top law firms advising on a collective $856bn of transaction volume, a record high amid a booming secondaries market.
Most secondaries funds in a US pension's list of 21 vehicles target a net IRR of at least 15% and a return multiple of at least 1.5x.