PE exits and dealmaking both lag behind wider M&A activity by some distance this year. That means the plumbing and engineering behind the secondary market will be put under more pressure than ever.
Thankfully, this infrastructure seems to be on a steeply upward trajectory of sophistication – simultaneously a response to greater demand, and a ‘build it and they will come’ approach, as the market continues to trace a dichotomy between growing transaction volumes and lagging AUM.
Main challen...
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