Private equity secondary deal volume totals $36 bln - survey
Earlier this year, Canadian secondary market intermediary Setter Capital stirred some controversy with a half-year report showing secondary deal volume at around the $15 billion level, putting the market on track to break previous yearly records. Setter’s calculations were much higher than the more established deal volume survey published by Cogent Partners, which had revealed deal volume was only around $7 billion at the half-year mark. Now, Setter has published its full-year report, showing deal volume has come in at around $36 billion for 2013. Setter’s survey is based on data from “70 of the top 115 secondary buyers,” according to Setter Capital. “We conducted an 11-question survey and were please that over 60 percent of the active players were willing to be transparent and participate.” According to Setter, the 70 buyers alone accounted for about $23.6 billion of deal volume this year.
