Blackstone's Verdun Perry, head of the firm's secondaries business, forecasts private asset secondaries deal volume will more than double to exceed $400 billion by 2030. Perry characterizes secondaries as the private market's 'most underutilized tool,' asserting their increasing role as a crucial solution for investors regardless of market cycles, signaling significant future liquidity and portfolio management opportunities within private markets.
Verdun Perry, the head of Blackstone's secondaries business, has articulated a strongly bullish long-term outlook for the private asset secondaries market, projecting that deal volume will more than double to surpass $400 billion by 2030. This forecast is underpinned by the view that secondaries are the 'most underutilized tool' for providing liquidity solutions to private market investors. Crucially, Perry posits that the role of the secondaries market is set to expand irrespective of broader market conditions, suggesting a secular growth trend rather than a cyclical one. For Blackstone (BX), a dominant player in this space, this public guidance underscores the strategic importance and expected growth contribution from its secondaries platform, reinforcing the firm's positioning to capitalize on the increasing demand for portfolio management and liquidity within illiquid asset classes.
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