Private equity funds that are at the end of their lifecycles pushed worldwide sales of private equity limited partnership interests up 2.5% to $18.7 billion in the first half of this year, said a new analysis by NYPPEX, a private equity secondary market brokerage firm.
NYPPEX defines “end-of-life” funds — also called “tail-end” funds — as funds with less than 30% of their remaining unrealized value or that are more than 9 years old.