Liquidity innovation is accelerating
Institutional investors are planning to increase allocation to secondaries, driven by forced liquidations and extended timelines for private company exits.
At the same time, evergreen structures are expanding across private equity and credit. These structures are gaining traction as managers respond to liquidity demands and seek to capture new sources of capital.
Together, these shifts reflect a broader evolution in product design — one that prioritizes flexibility, continuity and access in a market where traditional exit windows remain constrained.
