Secondary Market Rebounding After 2022 Slowdown as Valuations Reset and Investors Seek Deals
• Secondary market seeing rebound after slowdown in late 2022, with increasing activity and deal sizes • Market cooled due to valuation corrections mirroring slowdown in primary VC fundraising market • Signs of recovery in past 4-6 months as valuations reset and investors seek quality assets • Exit options like IPOs could further boost secondary market by spurring growth equity and cleaning up cap tables • Continued growth likely as secondary funds proliferate and more VCs explore secondary opportunities