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  • Pages
  • Editions
01 Introduction
02 Highlights
03 H1 2023 market activity analysis
04 Transaction pricing analysis – LP-led
05 Transaction pricing analysis – GP-led
06 Geographical dispersion of funds
07 LP-led transaction activity analysis
08 GP-led transaction activity analysis
09 Secondary buyer target returns analysis
10 Secondary buyer target returns analysis (continued)
11 Deferred payments
12 Market sentiment
13 Contact us

04


Geographical dispersion of funds

Geography of funds sold¹, ²

LP-led deals

GP-led deals³

  • North American funds continued to be the most popular type sold in LP-led transactions at 67% of the total, in line with H1 2022. EMEA saw a 4-percentage point YoY increase in share while Asia & Australasia fell an equal amount — reflecting the significant reduction in appetite for China-focused strategies given geopolitical factors and economic headwinds.
  • North American funds represented 64% of the market for GP-led transactions, a 12-percentage point decrease in their YoY share. EMEA saw its share increase by 11 percentage points from a year ago while Asia & Australasia, where the market for these transactions continues to develop, was stable.
  1. Split by H1 2023 weighted average transaction value for each type of transaction
  2. Fund geography represents the geographic focus of the funds acquired
  3. No respondents reported Latin American GP-led transactions during H1 2023

Geography of funds sold¹, ²

LP-led deals

  1. Split by H1 2023 weighted average transaction value for each type of transaction
  2. Fund geography represents the geographic focus of the funds acquired

GP-led deals¹

  1. No respondents reported Latin American GP-led transactions during H1 2023
  • North American funds continued to be the most popular type sold in LP-led transactions at 67% of the total, in line with H1 2022. EMEA saw a 4-percentage point YoY increase in share while Asia & Australasia fell an equal amount — reflecting the significant reduction in appetite for China-focused strategies given geopolitical factors and economic headwinds.
  • North American funds represented 64% of the market for GP-led transactions, a 12-percentage point decrease in their YoY share. EMEA saw its share increase by 11 percentage points from a year ago while Asia & Australasia, where the market for these transactions continues to develop, was stable.

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