Secondaries in 2025:
Insights for Private Equity Leaders

Spreading out: Private credit’s next growth wave

An increasingly sophisticated secondary market will always have a place in the investment landscape – whether to tap into liquidity or rebalance portfolios. For managers, the challenge is to ensure they have a steady flow of capital and an optimised operational structure to work with. This report dives into how both those objectives can be achieved – touching on education, regulation, tokenisation, data management and AI, among other themes.

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Insight Report

Key findings from the report include:

• 81% of managers see a long way ahead for secondaries data management at their firm.
• 73% of managers say there is work to be done when it comes to LP awareness around secondaries.