Secondaries Investor noted a deluge of deals in August, with a transaction being announced, on average, more than once every three days.
At least 14 deals were reported or closed during the month, ranging in size from $90 million up to potentially €5 billion.
This activity was buoyed by the white-hot GP-led market, and particularly continuation vehicles. Only three reported deals were not continuation fund transactions.
Just over half of the entire secondaries market in the first half of 2021 comprised continuation vehicles, according to data from investment bank Jefferies. The trend of GP-led transactions accounting for the majority of deal volume appears to have continued into the third quarter of this year.
Here are the deals that were known to have closed, or that were disclosed or reported in August:
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