As the broader private equity market matures, we expect secondaries strategies' share of the overall market to grow. Ultimately, this may start to blur the lines between public and private equity markets over the longer term. While a glut of LP fund interests have come to market, price discovery has been underway as the new interest rate environment is gradually priced into private market assets. GPs are increasingly looking to continuation funds amid a tough environment for realizations. Given this backdrop, LP interest in secondaries strategies has increased and fundraising has been robust.

Read Strategy in Focus: Private Equity Secondaries to understand the opportunities for LPs and GPs in both private equity and venture capital, spanning recent fund performance and fundraising activity.