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Private equity secondaries lure institutional investors

Institutional investors now account for the majority of buyers of private equity fund interests

The private equity secondaries market is increasingly attracting attention from outside its core investor base as pension funds, insurance companies and asset managers seek a share of the booming market, according to data service Preqin.

Institutional investors, such as public and private pension funds, insurance companies and asset managers are now dominating the buyside for secondaries, the trading of private equity fund interests.

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