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

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note