The secondaries report
Private secondaries have been on a growth trend for quite some time, but over the past two years in particular, investors have witnessed the incredible growth and maturation of the secondaries market. In part, this can be credited to the strength of the GP-led market – which Evercore says grew to $68 billion in volume in 2021, more than doubling the $32 billion of volume in 2020 – that is opening new doors to liquidity and value creation as private markets fundraises become ever larger and more frequent. Even in the face of significant macroeconomic challenges, the general sentiment across the market is that private secondaries are likely to continue on a path of meteoric growth.