Private Wealth Fuels a $240B Market for Secondhand Investments

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) -- Private investment funds for individuals have become the fastest-growing source of capital in the $240 billion market for private secondhand stakes, according to a report from Jefferies Financial Group Inc. Secondaries made up about 40% of the $113 billion of capital raised for vehicles known as evergreen funds, which allow periodic redemptions and are tailored for retail investo ...