APAC Secondaries
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Investment bank · New York, USA

Jefferies

About

Jefferies is a global investment bank whose private capital advisory group is one of the most active secondaries advisors globally, publishing closely watched annual research on the market's size and trends.

APAC secondaries activity

Jefferies advised on 25+ APAC secondary deals totalling roughly $10B in 2025 (per its own research, cited on this site's tracker), making it one of the most active intermediaries — not principal buyers — in the region's secondaries market.

What a transaction here looks like

An investment bank's role here is advisory rather than principal: running sale processes for institutions disposing of portfolios, advising managers structuring continuation vehicles, and publishing the market data that most participants cite. It is on neither side of the transaction, which is exactly why its data is widely used.

Who sits on the other side

Counterparties are the sellers who mandate it and the buyers it markets to. The advisory dimension matters commercially: a competitive process typically produces a materially better price than a bilateral negotiation, which is why institutional sellers almost always use an intermediary.

Frequently asked questions

Do sellers need an adviser?
For portfolios of any size, an intermediary generally pays for itself. The improvement from running a competitive process usually exceeds the fee, and the adviser also manages diligence access and documentation.
How reliable are bank estimates of market size?
They are the best available and are compiled from transactions the banks see, which means they capture the intermediated market better than the bilateral one. Treat them as directional.
Is Jefferies affiliated with this website?
No. This profile is independent editorial coverage based on publicly reported deal activity, not sponsored or affiliated content.

Other buyers & funds

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