Record H1 for secondaries, challenged H2 outlook

Strong H1 volume figures belie tricky 2022.

A Jefferies report shows that global secondaries market volume reached a H1 record at $57 billion, Rod James reports. The figure marks an $11 billion jump from H1 2021, which was the last record.

However, pricing mismatches between sellers and buyers have emerged as a market challenge, and it appears unlikely that volume will be high enough in H2 to make 2022 a record year.

Email prepared by Tom Auchterlonie.