Private equity pull-back in the making for 2020?

Investors placed billions upon billions in private equity in the last 12 months, but as inflows raised eyebrows and made headlines some wonder whether the trend will continue at its current heady pace.

If the secondaries market is any indication, 2020 will likely be an active year for both investors and managers looking to create new slices of the lucrative private equity pie. Secondaries, in particular, are expected to continue to grow.

Ten years ago, there were only $10 billion of secondaries, and today’s market has swelled to $169 billion, while private equity assets . . .

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