Preqin survey: Portfolio rebalancing the main motivation to utilize secondary market

Last week, Preqin released a special report on the private equity secondary market that found that 53% of institutional investors interviewed believe the secondary market is "of core or growing importance within their private equity portfolios." Asked about their primary motivations for selling fund interests on the secondary market, 42% said portfolio rebalancing, up from 28% two years ago. Only 23% said liquidity requirements, down substantially from 54% in 2011.