Davis Polk Investment Management head Leor Landa was quoted in Secondaries Investor discussing activity in the secondaries market.

“The market has been active across transaction types and asset classes, with broad market acceptance of secondaries as an attractive liquidity tool,” Leor said. “Fundraising in secondaries has been similarly robust, but even with this growth the market remains shallow relative to the addressable investment universe and continues to be capital-constrained.”

Additionally, the article noted that Davis Polk guided clients through 157 deals with a total value of $82 billion and advised on 28 single-asset GP-led deals, 13 preferred equity deals and 49 NAV loans.

“Secondaries Investor Law Firm Survey 2025: Deal value rockets with record-breaking year,” Secondaries Investor (May 21, 2025) (subscription required)

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