The first half of the year saw 38 continuation vehicles close, with several more launching or being eyed, according to data gathered by Secondaries Investor.
More international investors are looking to India as China becomes more localised, according to research from the Global Private Capital Association.
Full-year deal volume could reach as much as $230bn, according to the investment bank's estimates.
More capital was raised for secondaries in the first six months of this year than any other first half since the strategy's inception.
With the number of buyout-backed companies growing and exits not keeping up, funds are finding themselves with almost no dry powder.
The average reported deal value per adviser went up $3bn from 2023, reflecting a surge in activity as secondaries activity hit historic levels in 2024.
A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.
The ninth edition of our law firm survey shows top law firms advising on a collective $1.03tn of transaction volume, nearly $150bn greater than cumulative numbers seen last year.
Last quarter saw 11 continuation vehicles close, with a dozen more hitting or looking to hit the market, according to data gathered by Secondaries Investor.
The median MOIC for continuation funds slightly outperforms that of buyouts, in line with findings presented early last year including a larger data set, according to a report.