While 2020 and H1 2021 did not develop quite as had been predicted, this was potentially beneficial to the secondary market. Despite this, the performance gap to the wider private capital asset class has continued to expand, with 2017 and 2018 vintage funds delivering IRR outperformance well into double-digit percentage points. What's more, assets under management look set to exceed the $300bn reported as of December 2020, cementing secondaries as an asset class in its own right.
Read our report for the latest data on the secondary market up to June 2021, covering assets under management, fundraising, performance, and buyers and sellers.