Private-Equity Secondary Market Becomes More Concentrated -- Market Talk

Dow Jones05-16 05:08

1708 ET - The booming secondary market for private equity-fund stakes is becoming increasingly concentrated, according to Capital Dynamics, a secondary fund manager. The value of secondary transactions worldwide totaled $226 billion last year, up 41% from 2024, with the market's 10 largest investors accounting for half of last year's total, the firm says. "As markets scale, capital concentrates," Managing Director Mauro Pfister says in a market note. "The buyer universe has expanded, deal sizes have grown, and pricing at the top of the market has tightened accordingly." Pfister notes that only 2% of more than $13 trillion in assets held in private-equity funds change hands annually in the secondary market, giving it plenty of room to grow further. "Looking ahead, structural tailwinds remain powerful," he says. (luis.garcia@wsj.com; @lhvgarcia)

(END) Dow Jones Newswires

May 15, 2026 17:08 ET (21:08 GMT)

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The value of secondary transactions worldwide totaled $226 billion last year, up 41% from 2024, with the market's 10 largest investors accounting for half of last year's total, the firm says. \"As markets scale, capital concentrates,\" Managing Director Mauro Pfister says in a market note. \"The buyer universe has expanded, deal sizes have grown, and pricing at the top of the market has tightened accordingly.\" Pfister notes that only 2% of more than $13 trillion in assets held in private-equity funds change hands annually in the secondary market, giving it plenty of room to grow further. \"Looking ahead, structural tailwinds remain powerful,\" he says. 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The value of secondary transactions worldwide totaled $226 billion last year, up 41% from 2024, with the market's 10 largest investors accounting for half of last year's total, the firm says. \"As markets scale, capital concentrates,\" Managing Director Mauro Pfister says in a market note. \"The buyer universe has expanded, deal sizes have grown, and pricing at the top of the market has tightened accordingly.\" Pfister notes that only 2% of more than $13 trillion in assets held in private-equity funds change hands annually in the secondary market, giving it plenty of room to grow further. \"Looking ahead, structural tailwinds remain powerful,\" he says. (luis.garcia@wsj.com; @lhvgarcia) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2026 17:08 ET (21:08 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EQR","symbol_name":"资产住宅公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2635582390","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635582390","pubTimestamp":1778879280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1708 ET - The booming secondary market for private equity-fund stakes is becoming increasingly concentrated, according to Capital Dynamics, a secondary fund manager. 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