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By Lynn ALZIN, Blazej GLADYSZ-LEHMANN Carlos RODRIGUEZ, Arendt Medernach*
Over the past decade, the secondaries market has experienced sustained growth and expanded well beyond its traditional role within private equity. What was once considered a niche segment has become an increasingly important part of the private markets ecosystem. Today, secondaries represent a growing share of fundraising activity, attract a broader range of investors and are extending into additional asset classes. As a result, they are increasingly viewed as a mainstream component of private markets rather than a specialised liquidity tool.
This evolution is not solely the result of recent market conditions. While liquidity constraints have undoubtedly...
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