Private equity secondaries have entered a new era. Once viewed primarily as a liquidity solution used during periods of market stress, secondaries have evolved into a core portfolio management tool for both investors and fund managers. With the market reaching a record $229 billion in transaction volume in 2025, institutional investors are increasingly using secondaries to rebalance portfolios, accelerate liquidity, access mature assets, and enhance risk-adjusted returns, while GPs are adopting continuation vehicles as a strategic ownership and exit solution.
In our latest blog, we explore the forces driving this transformation, including the rise of LP-led and GP-led transactions, the performance characteristics that make secondaries attractive, and the structural trends suggesting the market's growth is far from temporary. Click the link below to download the full blog and discover why private equity secondaries are becoming a permanent feature of the private markets landscape, and what that means for investors, sponsors, and advisors.
