The secondary market for private equity, real estate, infrastructure and hedge funds for the full year 2014 reached $49.3bn, according to the latest annual report from Setter Capital.
This represents a 37% increase year on year, which Setter said is consistent with the general consensus among buyers and agents that the past year was the busiest thus far.
Setter based the findings on data that was extrapolated from a survey containing 17 questions. This survey was completed by 84 of the top 115 secondary buyers, representing $41.5bn of secondaries through 2014; the 84 constituted 60 secondary funds, 35 funds of funds, 10 hedge funds, 7 investment consultants, 2 pensions and 1 insurance company.
“Given the high participation rate of the buyer community and the defined methodology, we are confident this report gives the reader the most accurate portrayal of the vibrant and growing secondary market,” Setter Capital said.
Click here to download the full report: Setter_Capital_Volume_Report_2014