Infrastructure Secondaries Hit Their Stride: A Once-Niche Corner of the Market Could Reach $30 Billion in 2026

报告摘要

Five years ago, it was a sliver of the broader secondaries business — a tool sponsors primarily used to manage liquidity for challenged assets and/or funds. Now investors are increasingly seeking trophy assets in the secondary market and through continuation vehicles (CV), which is just one reason why Jefferies expects global transaction volume to reach $30 billion, up from roughly $20 billion in 2025.