Jeremy Duksin Discusses Rapid Market Expansion with Secondaries Investor
Jeremy Duksin, managing director and Co-Head of the Global GP Solutions Group, recently sat down with Secondaries Investor to discuss the rapid expansion of the secondaries market, highlighting the significant role of ’40 Act Funds, a type of specialized investment vehicle, that have begun to materialize in GP-led market transactions over the past two years.
“By our estimation, the demand dollars in our market emanating from these types of products have gone from negligible to upwards of 15-20 percent of the whole market’s demand pool within just a couple of years.”
Despite traditionally being less prominent in GP-led transactions, evergreen vehicles are becoming more influential as the market evolves. Baird has observed a surge in deal activity, completing five diverse transactions in just eight weeks and approaching $10 billion in continuation vehicle advisory mandates since 2024.
