Secondaries are nearly as old as private equity itself, but their role has significantly evolved over the years. Once considered a backdoor exit for underperforming assets, today's secondary market is an increasingly sophisticated space offering a range of potential benefits. Existing private equity investors use it to prune their portfolios and manage liquidity. Fund managers can leverage the secondary market to extend ownership of their prime assets and potentially maximise their value.
This report dives into the current state of the secondary market. It breaks down the key forces shaping this space and the evolving appetite for these investments. It outlines the compelling advantages of secondaries, such as immediate diversification, potentially quicker returns and the opportunity to acquire assets at a discount.
The report also highlights different transaction types and their complementary traits, essential for building a well-rounded portfolio. Find out more by downloading the full report.