Blackstone’s Perry Sees Secondaries Topping $400 Billion by 2030

Blackstone's Verdun Perry projects the private asset secondaries market will more than double, reaching over $400 billion in deal volume by 2030. Perry, who leads Blackstone's Tactical Opportunities group, characterizes the buying and selling of existing private asset stakes as the market's 'most underutilized tool,' signaling significant growth potential and increased liquidity in alternative investments for institutional participants.

Analysis

A senior executive at Blackstone (BX), Verdun Perry, has issued a highly optimistic forecast for the private asset secondaries market, projecting deal volume will more than double to exceed $400 billion by 2030. This outlook frames the secondary market, which involves the buying and selling of existing stakes in private assets, as the "most underutilized tool" in the space, suggesting a substantial runway for growth. The statement, carrying a distinctly positive sentiment for Blackstone (ticker sentiment score of 0.7), highlights the firm's strategic confidence in a segment poised for increased activity and liquidity. For institutional investors, this projection signals a significant structural shift, potentially improving exit opportunities and portfolio management capabilities within traditionally illiquid alternative investments.

Key Decisions for Investors

• Investors with a long-term horizon in alternative assets should consider increasing exposure to managers with strong, established secondaries platforms, like Blackstone, to capitalize on the projected market growth.
• Monitor secondary market deal volume and pricing trends in the coming years as a key performance indicator to validate Blackstone's growth thesis before committing significant new capital.
• Evaluate the broader implications of increased liquidity in private markets, as this could impact valuations and return profiles across existing private equity and venture capital portfolios.