A new survey from Stifel Financial Corp. and Eaton Partners, a Stifel Company, finds a strong appetite for general partner (GP)-led secondary recap transactions, as investors increase their dollar allocations in the third and fourth quarters.
The latest Stifel/Eaton Partners GP Advisory Survey questioned 64 global investors regarding their approach to investing in GP-led secondary transactions. Key findings include:
62 percent of investors are increasing their investment dollar allocation to GP-led secondary recap transactions heading into the end of 2022.
42 percent of investors are now allocating at least half of their invested capital in current funds to GP-led transactions.
Investors ranked Technology, Healthcare, Services and Industrials as their current top industries of focus. Life Sciences and Energy ranked the lowest, essentially unchanged from the previous survey in May 2022.
Opportunities extend across the globe, with respond
