Clifford Chance

'Decoding' the Secondary Market Part V: GP-led Transactions

17 May 2022

2021 saw the highest volume of GP-led secondary transactions in history, estimated to have reached over US$63 billion in deal value. This growth is expected to continue as market perception further evolves from viewing GP-led transactions as solutions for underperforming assets to more flexible liquidity solutions, including for the retention of high-quality assets.

As Part V of Clifford Chance’s series on “Decoding” the Secondary Market, we explore some of the key trends and considerations for GP-led transactions.

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