Setter: deal volume exceeds $49bn

Private equity secondaries accounted for three-quarters of total activity last year.

Total secondary market volume reached $49.3 billion in 2014, excluding the activity of non-traditional buyers such as sovereign wealth funds, according to a report from Setter Capital.

The total volume reported in 2014 represents a 37.1 percent year-over-year increase. In 2013 total deal volume was $36 billion.

Private equity secondaries activity accounted for three-quarters of the volume last year, totaling $37.9 billion. Trades of private equity funds totaled $26.8 billion, while direct secondaries deals reached roughly $11 billion.

The total volume also included $6.8 billion of real estate funds traded, $2.5 billion of hedge fund activity and $1.9 billion of infrastructure fund activity. Trades of agriculture and timber fund stakes represented a small portion – about $200 million – of total volume.

Source: Setter Capital