H1 2023 Global Secondary Market Review - Jefferies Group

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Valuation Disconnect Stands In The Way Of Secondaries Dealmaking

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Jul 21, 2023 · The overall value of GP-led secondary transactions hit $18 billion in H1 2023, a decline of 25% from the previous year, according to the Jefferies report. The shifting market …

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Secondaries Market Rages Back With Record H1 Volume – Jefferies

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Jul 28, 2021 · The secondaries market has rebounded fully from a pandemic-hindered 2020, according to research by Jefferies. There was $48 billion of secondaries transactions in the …

secondariesinvestor.com

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Jefferies H1 2023 Report Sees $43bn Secondary Market Volume …

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Jul 25, 2023 · Home GP News Jefferies H1 2023 report sees $43bn secondary market volume amid economic recovery ... By News Type; LP News; Jefferies H1 2023 report sees $43bn …

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Opportunity For ‘significant’ LP Selling Activity In Coming Months ...

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Jul 24, 2024 · LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed. ... according to Jefferies’ Global Secondary Market …

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Trevor Marrero - Associate - Analysis Group - LinkedIn

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- Jefferies estimates 2023 transaction volume at $112bn and forecasts over $130bn for 2024. - There were challenges in closing deals due to the gap between buyer and seller expectations, …

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Secondaries Provide An Answer For The Primary Questions Facing …

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Aug 16, 2023 · In 2022, the GP-led secondary market saw an estimated $52 billion in transaction volume, which was 24% less than 2021, but still 49% more than 2020. Throughout 2023, we …

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New Jersey MarketBeats | US | Cushman & Wakefield

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Oct 8, 2024 · In New Jersey industrial market, leasing grew by 19.4% quarter-over-quarter (QOQ), totaling 8.0 million square feet (msf) and bringing the year-to-date (YTD) total to 21.2 msf by …

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North New Jersey (Newark/Jersey City) Real Estate Market Reports

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Oct 10, 2024 · Download New Jersey Office Market 3Q24. New Jersey Industrial Market. The vacancy rate increased by 20 basis points quarter-over-quarter to 5.5% in the third quarter of …

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FAQs about H1 2023 Global Secondary Market Review - Jefferies Group Coupon?

Did Jefferies' H2 2023 secondary market review predict a sustained capital overhang?

This report follows Jefferies’ H2 2023 secondary market review, which predicted near-record secondary volume, higher LP pricing, and a sustained capital overhang for fiscal year 2024. The latest findings show the first half of the year largely met these expectations. ...

How did the GP-led secondary market perform in H1 2023?

The GP-led secondary market posted an estimated $18 billion of transaction volume in H1 2023, reflecting a modest 25% contraction year-over-year, and only a 38% decline versus record levels achieved in H1 2021. ...

What did we expect in H2 2023?

In H2 2023, we forecasted near-record secondary volume, increased LP pricing, even LP / GP-led volume split, and sustained capital overhang in FY 2024. As shown below, the first six months generally aligned with our expectations: H1 volume was $68 billion, surpassing the previous first half record of $57 billion set in H1 2022. ...

Why did global secondary market dealmaking decline in 2023?

Global secondary market dealmaking declined roughly 25% year-over-year to $43 billion in the first six months of 2023, a product of persistent pricing gaps, a lower supply of assets from both GP and LP sellers, and easing pressure from overallocation, according to data from advisory firm Jefferies ' H1 2023 Global Secondary Market Review. ...

Why did global secondary volume increase 4% in 2023?

Global secondary volume increased 4% to $112 billion as improved pricing levels and an increasing desire for liquidity drove volume on both the GP-led and LP side of the market. While GP-led volume remained flat, a 7% increase in LP volume ultimately drove overall market volume higher in 2023 ...

How much is secondary market worth in 2023?

Worldwide secondary transaction value hit $112 billion in 2023, a 4% year-over-year increase according to Jefferies’ latest Global Secondary Market Review. It marks the second highest figure only behind 2021’s peak of $132 billion. PitchBook asked Miller to share his insights on how the asset class may develop this year. ...