After an exceptional 2024—with global secondary volume growing approximately 40% from 2023—market insiders remain bullish and expect $175 billion in global transaction volume this year.
That’s according to William Blair’s annual Secondary Market Report, which examines survey results and broader trends, with a focus on the surging GP-led market. It also details insiders’ optimism for the rest of the decade.
Key takeaways:
- Drivers for record GP- and LP-led activity
- Trends and insights across single-asset and multi-asset continuation funds
- Evolving preferences of secondary investors
- Future outlook of the global secondary market