Private investment funds aimed at individual investors have become the fastest-growing source of capital in the $240bn private secondaries market, according to a report by Bloomberg citing Jefferies Financial Group.
Secondaries accounted for around 40% of the $113bn raised by evergreen funds, which offer periodic liquidity and are designed for retail investors and smaller institutions rather than large allocators such as pensions or sovereign wealth funds.
Overall secondaries volumes rose 48% ye...
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