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Private equity 'secondary' sales hit record as Ardian closes $30 bln fund

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The secondary market for private equity funds saw record transaction volumes last year as buyout bosses and their investors looked for ways to generate cash amid a downturn in dealmaking.
The article from Reuters discusses the booming market for private equity secondary sales, which have hit a record high. Ardian, a major player in this sector, has successfully closed a $30 billion fund, marking it as the largest ever in this asset class. This fund closure comes amidst a backdrop where investors are increasingly turning to secondary markets to manage liquidity and rebalance their portfolios, especially in light of economic uncertainties and a slowdown in traditional private equity exits like IPOs and M&A. The article highlights that secondary transactions provide an avenue for investors to sell their stakes in private equity funds before the funds' end, often at a discount, which has become more appealing as the market for these sales has matured and expanded. This trend reflects a broader shift in the investment landscape, where secondary markets are becoming crucial for providing liquidity and strategic flexibility.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/private-equity-secondary-sales-hit-record-ardian-closes-30-bln-fund-2025-01-17/ ]