Insights

Private market liquidity is evolving. As traditional exits remain below historical norms, sponsors and investors are increasingly turning to continuation vehicles and GP-led secondary transactions to unlock value and provide liquidity. This Market Data Snapshot explores what's driving the shift, what it means for market participants, and why capital planning has become as important as exit planning.

Private equity is no longer just about owning companies. Increasingly, it is about owning the managers themselves. The rise in GP stake transactions signals more than investor appetite for alternatives. It reflects a structural shift in how private equity firms are valued and capitalized. What began as partnership-driven enterprises is evolving into scalable asset management platforms. GP stakes are not niche. They represent the next phase of private markets maturation. The G