Brent Patry’s Post

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Global Head of Equity Private Markets and Capital Markets at BlackRock

BlackRock’s Secondaries & Liquidity Solutions team recently published their semiannual Secondaries Market Outlook 1H 2024. Increased adoption of secondaries by both LPs and GPs has led to 4x market growth over the last ten years, and we believe the market is well positioned for continued expansion.   In 2023, the continued search for liquidity resulted in the 2nd highest year of closed transaction volume on record at $115bn, and the 3rd straight year over $100bn. This volume is being accelerated by lower M&A and IPO activity causing sellers to look for alternative sources of liquidity. Buyers are also achieving meaningful discounts (avg. 85% of NAV in 2023) for high-quality assets. We are keeping our eyes on opportunities for investors and believe 2024 will be a big year for the secondaries markets. Another way that BlackRock is meeting our clients’ liquidity and performance needs. Well done, team! Read the full publication here: https://1blk.co/4bhUUXM #Secondaries #PrivateEquity

Secondary Market Outlook - Institutional | BlackRock

Secondary Market Outlook - Institutional | BlackRock

blackrock.com

Amber Chen

🇺🇸 𝗔𝗿𝘁𝗶𝘀𝘁 | 🌸 𝗣𝗵𝗼𝘁𝗼𝗴𝗿𝗮𝗽𝗵𝗲𝗿 | 💜 𝗛𝘂𝗺𝗮𝗻 𝗥𝗶𝗴𝗵𝘁𝘀 𝗟𝗮𝘄𝘆𝗲𝗿 | 🦢 𝗠𝗲𝗻𝘁𝗮𝗹 𝗛𝗲𝗮𝗹𝘁𝗵 𝗔𝗱𝘃𝗼𝗰𝗮𝘁𝗲 | 🎀 𝗗𝗲𝘀𝗶𝗴𝗻𝗲𝗿

2mo

Love this Brent!

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