secondaries market

European development finance institutions were the most active investors in African private capital funds in early 2023, according to Stears research. The African Development Bank emphasized the need to mobilize more capital to address a $400 billion development financing gap, while a growing secondaries market aims to address investor concerns about exits.

The secondaries market, involving the buying and selling of private equity and venture capital investments, is gaining mainstream traction as institutional investors increasingly participate. This shift reflects growing demand for alternative assets and liquidity in traditionally illiquid markets.