Triago: secondaries volume reaches $9.4bn in Q1

The volume of secondaries trades edged up from $9.3bn in the fourth quarter of 2014.

The secondaries market generated $9.4 billion of volume during the first quarter of 2015, according to data from private equity specialist advisor Triago.

Volume edged up from $9.3 billion the previous quarter and from $8.4 billion year-on-year, a Triago spokesperson wrote in an email to Secondaries Investor.

If secondaries volume maintains pace, Triago’s estimate for 2015 would be $38 billion – an all time high for the firm.

In addition, Triago estimates the market has a record high level of dry powder: “Given a record $71 billion in dry-powder for secondaries and very attractive pricing, Triago believes the current pace of buying and selling represents a very solid floor for secondary market volume.”