Private Market Secondary recent updates
Tim Barnes
Investment Banker I USAF Veteran I Debt Capital placement I Private Market Secondaries I [email protected]
According to Lexington Partners, as cited by a Franklin Templeton report, the global secondary market has expanded over the past three decades mainly due to the increased supply of capital committed to private investment funds. Lexington estimates that the secondary industry volume hit a record high of $128 billion in 2021 and surpassed $100 billion in both 2022 and 2023. This growth is driven by several factors, including primary fundraising volume, limited partners (LPs) seeking liquidity due to a lack of distributions, and an increase in general partner (GP)-led transactions. They believe that the outlook for the secondary market in 2024 remains attractive.
Unlocking Opportunities: Understanding The Growing Secondary Market, a report recently published by Franklin Templeton, indicates some insights on the Secondary Markets’ trends this year.
Outlook for 2024
The secondary market remains attractive due to:
- LPs seeking liquidity amid declining distributions and portfolio rebalancing.
- GPs under pressure to provide liquidity options to LPs.
领英推荐
- An undercapitalized market creating favorable conditions for buyers.
Overall, the secondary market is poised for significant opportunities in the coming years, driven by its increasing volume and evolving dynamics.
Recent Developments
If you’re interested in discussing potential deals and market prospects, feel free to shoot me a message.
My firm, AXIS Group Ventures , specializes in global debt placement and private market secondaries for VC and PE backed companies.??
All the best - Tim
Investment Banker I USAF Veteran I Debt Capital placement I Private Market Secondaries I [email protected]
6 个月Here is a link to the report mentioned: