Private credit secondaries seems to be maturing – is that your impression too?
That’s certainly what we’ve been seeing and consistent with a notable uptick in the secondary mandates we’ve been instructed on.
We’ve seen the private credit secondaries market grow significantly over the past 24 months in three areas: an overall increase in the number and size of secondary transaction mandates; a general increase in the number and size of specialised secondary funds that have come on to the market; and an increase in the prevalence of GP-led secondary transactions as a percentage of overall secondary deal volume...
