Secondary Market Activity Soars

Aug 1 2014 | 1:52pm ET

The secondary market for alternative investments reached new heights in the first half, according to a survey from Setter Capital.

Volume on the secondary market shot up nearly 50% compared to the first quarter of last year, to $22 billion. The overwhelming majority of the activity took place in private-equity funds, which accounted for $16 billion of the assets purchased, a 33% year-on-year increase.

North America saw the most action, accounting for in excess of half the total volume, followed by Western Europe, which saw slightly less than one-third. Asia-Pacific fund stakes worth US$3 billion changed hands. In terms of buyers, the North American-Western European dominance of the market was even more striking, with the two regions combining to account for about 97%.

Average deal size actually fell from $28 million to $23.5 million.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of