Secondaries: the future starts here
Last year, even as the pandemic was setting in, the market made it clear to us as we prepared the 2020 iteration of the Buyouts Secondaries special report that the secondaries market was ready to take off.
In retrospect, those predictions couldn’t have been more spot on. Even in the face of a global pandemic, 2020 dealflow volumes were the third highest they’ve ever been since the inception of the secondaries market. With a significant amount of pent-up demand for diversified LP portfolios and no sign that the GP-led market is slowing down, 2021 could become a year for the record books.