data snapshot

Newbury Partners, Pomona and Montana are also among the most suitable candidates for a GP stake investment, according to a report by PitchBook.

Misaligned incentives, a lack of information and tight timeframes are the chief concerns of LPs, a majority of which have encountered a GP-led process.

GP-led strip sales, a steep reduction in the use of deferrals and a big swing in market sentiment were among the defining characteristics of 2018, according to a report by the secondaries advisor.

Declining return expectations, longer deferrals and market volatility are among the factors shaping today's market.

The US overtakes Europe, buyers team up on deals, and energy and VC look primed for a strong 2019, according to the advisory firm's Financial Sponsor Secondary Market 2018 Year-End Review.

Deal volumes so far this year point to a bigger first quarter than last year, according to advisor Triago.

Around $17bn-worth of big processes launched or closed last year, according to Secondaries Investor data.

The lower-risk nature of real estate exposure means sellers are less likely to opportunistically bring $1bn-plus portfolios to market.

Interactive charts showing return expectations, drivers of pricing, use of leverage and other key points from Evercore and Setter Capital's full-year reports.

Last year was the lowest for final closes since 2011.