Secondary markets: a primary asset class in investment portfolios

Secondary markets have recently taken the spotlight in the ever-evolving landscape of private
Although the number of secondary deals has been continually increasing for years, 2023 has seen
significant changes that have affected the landscape. A surge in market participants seeking to meet
a growing appetite for liquidity and greater asset discounts have led to a shift in the way investors
approach this asset class.
We delve into the dynamics of secondary markets, shedding light on key insights, challenges, and
opportunities for those interested in exploring this space.
Whether you are a seasoned investor or new to the world of secondary markets, understanding
these trends and their implications is key to making informed decisions in today’s ever-changing
private market environment.
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