Three trends in the world of secondaries

There are three trends that are creating a landscape that is particularly attractive for well-capitalized secondary investors that don’t need to use leverage and can be highly selective in targeting quality assets, says Neuberger Berman. They cite, a drop in the “dry powder” available to the secondaries market relative to annual transaction volumes, a significant rise in the proportion of secondaries transactions that are so-called mosaic transactions, and the continued rise of general partner-led secondaries.