Secondaries, and Market Complexity, on the Rise
Limited partner-led private equity secondaries are driving the market to record highs, a trend likely to continue and to expand to private credit.
By Bailey McCann
Traditional private equity secondaries have been a mature market for a while, with limited partners and general partners both turning to them as a way to manage portfolio exposures and liquidity. But another development—the growing class of so-called evergreen funds in the market looking for secondary stakes—is increasing demand and drawing in supply.
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