Secondary transactions in the
alternative investment fund sector have matured significantly in
recent years, evolving from a niche strategy to an essential tool
in fund managers' portfolio management. As a result, we see
that these transactions have experienced notable growth in recent
years, reaching a total amount of 155 billion dollars in 2024, a
record to date. This growth is expected to continue in the short to
medium term, with estimates pointing to a total of 175 billion
dollars in 2025. This surge is driven by various factors that are
transforming the way fund managers and investors approach these
strategies, notably the sophistication of market participants. In
an era of volatility and uncertainty, these transactions offer a
flexible, strategic and increasingly essential solution to address
liquidity and portfolio management challenges.
