Infrastructure Secondaries Daily
Global secondaries hit $240B as infra activity accelerates
Wednesday, June 24, 2026 · 5 min
Jefferies pegs 2025 global secondaries volume at $240 billion, up 48%, as stalled exits and 10% NAV distributions push LPs and GPs toward repeat sales, including faster-growing infrastructure secondaries.
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Show notes
Jefferies pegs 2025 global secondaries volume at $240 billion, up 48%, as stalled exits and 10% NAV distributions push LPs and GPs toward repeat sales, including faster-growing infrastructure secondaries.
In this episode
- [PDF] Thriving on volatility - Debevoise — Private Equity International
Analysis R O U N D T A B L E 58 Private Equity International • May 2026 The world may be reeling from geopolitical shock after geopolitical shock, but this uncertainty is only fuelling record-breaking secondaries activity, write Amy Carroll and Madeleine Farman Thriving on volatility A ccording to data from Jefferies, the global secondaries market reached $240 billion in transaction volume in…
- Step Back — If the headline today is another H1 secondary-market volume number, who’s actually buying all these infrastructure stakes — dedicated secondaries funds, pensions, sovereign wealth funds — and why would they prefer someone else’s partly seasoned fund interest over just making a fresh investment?
Background sources
- Infrastructure secondaries | Allianz Global Investors — Allianz Global Investors
- Inside Ares' Bold Pivot Into Infrastructure Secondaries - Propmodo — Franco Faraudo
- Case for Secondary Exposure in Mature Private Asset Portfolios - HarbourVest — Harbourvest
- Infrastructure Secondaries Are Becoming Structural: Why Operational Execution Is Now the Deciding Factor - Alter Domus — Alterdomus
- What’s Behind the Continued Growth in Private Markets Secondaries? - CAIS — Caisgroup