Jefferies Private Capital Advisory has released the latest version of their Global Secondary Market Review, reporting that the global secondary market once again broke volume records in 2025. Volume surged to a record $240 billion, representing a 48% YoY increase, made up of $125 billion of LP volume and $115 billion of GP-led volume.Substantial buyside demand, driven by an influx of new market entrants and increasing levels of dedicated secondary capital, was matched with robust supply of both ...

Jefferies

Jefferies PCA’s Secondary Advisory Team advised on $50 billion of volume across 88 closed transactions in 2025. The team’s momentum remains strong to begin 2026 with over 60 active mandates comprising $48 billion of volume. Jefferies continues to be a global leader in delivering high-impact solutions for our clients across the evolving secondaries market.

Jefferies

As a Research Analyst at Jefferies covering the Pharmaceuticals & Biotechnology sector, our team is focused on research that supports better decision making. I’m fortunate to be part of this team as we bring clients first-hand industry insights, relentless primary research and all-around support. If you’ve found my research valuable, I’d appreciate your support with a 5-star rating: https://lnkd.in/ekJwyWyi ...

Jefferies