Last week a number of our team attended the BVCA Secondaries Conference 2025. We are pleased to be an active member of the British Venture Capital Association and Alex
Leigh our Investment Director’s top takeaways from the conference were:
💹 Valuations bounced back in 2024—sensible, sustainable, not frothy
💼 $216bn in dry powder = major confidence for the next 5 years
🔁 Secondaries hit record highs, with LP-led deals dominating
🧠 AI & ML now assist with deal screening and forecasting
🪙 Tokenisation is coming—promising a more seamless, digitised private market
The secondaries market is evolving rapidly—and may be one of the best risk-adjusted asset classes of the last 25 years.
🎯 Retail capital could be the next major wave.
Watch Alex’s video discussing the conference here or click on the image above.
