Investor interest in secondaries and private market funds is increasing, with global transaction volumes in the secondaries market reaching $162bn (£122.5bn).
A study by Wealth Club, a non-advisory investment service, found that nearly half (45 per cent) of respondents were very or quite likely to consider investing in secondaries. Meanwhile, 41 per cent said they were not particularly or not at all likely to do so, and a further 14 per cent expressed no view.
The findings come as global transaction volumes in private market secondaries rose 45 per cent year-on-year, according to alternative investment platform CAIS, which expects total volume to exceed $175bn this year.
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In the previous year, some of this growth was driven by increasing interest in the private debt secondaries market by both general partners and limited partners, growing 7 per cent from 2023 to 2024.
“Sophisticated individual investors are increasingly open to different types of investments, as demonstrated by their interest in secondaries,” said Alex Davies, founder and chief executive of Wealth Club. “Transaction volumes in the sector are growing, and that is opening up more opportunities for individual investors who typically struggle to access private market funds.”
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The Wealth Club study also found that 63 per cent of respondents were interested in investing in semi-liquid private market funds, open-ended investment vehicles that provide limited redemption opportunities.
In addition, there was strong interest in real assets such as real estate, energy and infrastructure funds, which tend to rise in value with inflation. Around 60 per cent of respondents said they were very or quite likely to invest in such assets.
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