Our ranking of the biggest secondaries fundraisers reveals a market reaching an inflection point.
The total amount raised between January and June eclipses all of 2019 when just $36.9bn was collected in final closes.
More LPs in Asia-Pacific are willing to cash out in a sponsor-initiated process to accelerate distributions than their North America and European counterparts.
Fewer investors are using the secondaries market to lock in returns or to refocus their portfolios on the best-performing managers, compared with six months ago.
Now in its seventh year, our latest survey of law firm activity shows an industry advising on a collective $754bn of transaction volume.
More capital was closed on for private equity secondaries in the first quarter of the year than for any other strategy outside of buyouts.
The top 10 known commitments to 2022-vintage secondaries vehicles totalled $4.77bn, buoyed by ADIA’s whopping $4bn commitment to Ardian’s ASF IX.
LP portfolios accounted for close to half of the roughly $106bn in volume last year, according to the advisory firm and placement agent's 2023 Secondary Market Overview.
Most fund sponsors invested additional capital on top of carry rollover in such processes last year, according to the investment bank's debut Secondary Market Survey Report.
Deal activity for the asset class reached an all-time high for the third year in a row due to strong growth of GP-led processes.