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Lazard:2024年中期私募市场报告(中译版)(24页).pdf

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1、C O N F I D E N T I A LInterim Secondary Market Report 2024PRIVATE CAPITAL ADVISORYS E P T E M B E R 2 0 2 4C O N F I D E N T I A LDisclaimerLazard has prepared these materials based upon publicly available information,anecdotal information and Lazard Estimates(as defined on this page).Portions of t

2、he information herein may be based upon certain forward-looking statements,estimates,projections and forecasts with respect to the anticipated future performance of markets referred to herein,which may not be accurate.These materials shall neither be deemed an indication of the state of such markets

3、 financial conditions or prospects,nor shall they constitute an indication that there has been no change in such markets financial conditions or prospects since the date of these materials or since the date as of which Lazard prepared these materials.Neither Lazard nor any of its affiliates or its o

4、r their respective employees or other agents assume responsibility for,or make any representation or warranty,express or implied,with respect to,the accuracy,adequacy or completeness of the information contained in these materials.Each of Lazard and its affiliates and its and their respective employ

5、ees and other agents expressly disclaim any liability based on such information,errors therein or omissions therefrom.The information set forth herein is based upon economic,monetary,market and other conditions as in effect on,and the information made available to us as of,the date hereof,unless exp

6、ressly indicated otherwise herein.These materials are summary in nature and do not include all of the information that sponsors,investors,companies or others should evaluate in considering any possible transaction,nor do these materials constitute or include a recommendation to,or not to,pursue or c

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根据报告的内容,本文主要概括了2024年上半年私募股权二级市场的情况。 1. 2024年上半年,私募股权二级市场交易量达到710亿美元,较去年同期增长64%,预计全年交易量将创历史新高。 2. 买方市场主导了交易量,占整体交易量的44%,其中单资产延续基金占主导地位,占买方市场交易量的47%。 3. 单资产延续基金的平均二次回报目标为2.1-2.2倍净MOIC和21-21.5%净IRR,显示出投资者对高质量资产的偏好。 4. 工业、科技和商业服务是上半年最活跃的行业,占单资产延续基金交易量的49%。 5. 欧洲市场在2023年放缓后,2024年上半年有所恢复,占整体交易量的近40%。 6. 尽管宏观经济和地缘政治因素带来挑战,但预计下半年市场将继续保持强劲势头。
2024年上半年二手市场交易量增长的原因是什么? 为什么单资产延续基金在二手市场中定价强劲? 2024年上半年二手市场中哪些行业最受欢迎?
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