The Canada-based secondaries broker reckons $36bn of activity took place across asset classes including private equity, real estate, infrastructure and timber.
Setter Capital reached its estimate by extrapolating from the stated activity of 70 large buyers.
Toronto-based secondaries advisor Setter Capital puts secondary transaction volume at more than double the previously reported figure – and predicts that 2013 will be a record-breaking year.
The secondaries market globally is ramping up as large amounts of dry powder strain dealflow, according to an SEI survey.
There’s a vacuum at the smaller end of the secondaries market, argue Capital Dynamics’ Joseph Marks and Sandro Galfetti.
LPs need to be pushing harder to realise value from venture funds that are 10-12 years old, a report suggests – which may be good news for secondaries players.
Growing pressure to restructure poorly-performing portfolios dating from the boom years has resulted in direct secondaries doubling their share of the market since last year, according to Triago.
The performance of a vintage year can be linked to a specific J-curve, fresh research has found.
Real estate secondary transactions rose to record levels for the fourth year in a row, with a 20 percent increase in volume for the second straight year, according to new data from Landmark Partners.
Banks and other financial institutions were the most active sellers of fund interests last year, according to the latest findings from Landmark Partners.