Lexington Partners

Company · US · 2 documents

Key number

$156 billion

Global secondary market volume, 2024. William Blair / PCA p.2

Key number

~$50 billion

Estimated Aggregate AUM in Secondary Evergreen Vehicles. Baird p.3

Secondary Market Report and Survey, March 2025

Survey

William Blair / PCAMarch 202510 pages

Secondary market volumes grew approximately 40% compared to 2023, notching an all-time high of $156 billion.

Capital Formation Transformation in the Secondary Market

Report

BairdJanuary 20245 pages

Global investable asset value is projected to reach ~$350 trillion by 2025, with ~$220 trillion (~65%) attributable to high-net-worth investors diversifying into private markets.