The secondary market had a record-breaking first half of 2025, with transaction volume reaching $110 billion - an increase of 59% year-over-year. Campbell Lutyens expects full-year 2025 secondary volume to surpass $200 billion for the first time ever.

We are pleased to share these and other findings in our 1H 2025 Secondary Market Flash Report, with insights from over 120 of the largest secondary market players globally.