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U.K.

The secondary market, where buyers and sellers trade existing interests in private equity funds and their portfolio companies, has grown to almost $90bn, a six-fold increase during the past decade.

Middle Market Growth

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Middle Market Growth Middle Market Outlook Report - February 2026

Middle Market Growth® is the official publication of ACG, published exclusively online at middlemarketgrowth.org.

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The Middle Market Growth podcast features in-depth interviews with M&A thought leaders and middle-market dealmakers.

Thought Leadership

Every year, more than $1 trillion is committed to private market funds worldwide. Yet fund managers, particularly those raising funds I, II, or III, often say their biggest frustration is how difficult it is to raise a vehicle.