Secondaries

The rapid growth of the secondaries market has led to suggestions that it could see transaction volumes of $500bn – or even $1trn – by 2030. Just four years out from this deadline, are such predictions realistic?

Scale has become a competitive edge in a rapidly expanding secondaries market.

More sectors are being unlocked as buyers slash their exposure targets.

Investors need to be comfortable with the KPIs a GP has been using and whether they can remain relevant.

In the report: How secondaries is expanding into new asset classes, geographies and strategies; The SI 50 ranking of the market’s biggest fundraisers; This year’s Next Gen 10 leaders profiled; Expert comment from industry leaders; Plus, much more…

Some US investors have concerns about valuations in the growing credit secondaries space.

While a handful of pan-Asian mega-funds are soaking up the majority of LP interest, some argue that local mid-market champions are most likely to deliver outsized returns for investors in Asia-Pacific.

Most LPs don’t expect continuation vehicle activity to decline, even when the exit environment improves.

US investors have pushed Blue Earth’s impact secondaries strategy forward, but an active secondaries market is still missing from impact.

Secondaries activity is showing no signs of a slowdown despite an uneven first half, say Leor Landa, head of investment management, and Michael Brasher, counsel in the investment management practice, at Davis Polk.