Private Equity Secondaries Special
A thriving market in an era of low liquidity
In an environment where private equity fundraising is languishing, secondaries is proving increasingly attractive to traditional PE managers. In this special report, we look at the trends shaping the secondaries market in 2025, including the wave of private equity shops launching their own secondaries platforms; the potential for growth in real estate secondaries; the industry’s busiest law firms and advisories; and the pitfalls associated with venture capital secondaries.
We also list the biggest secondaries fundraisers of the past five years in the 2025 edition of the Secondaries Investor 50 ranking, and name the industry’s brightest young talent in the form of the Next Gen 10.

















































































