The document provides an analysis of the secondary market pricing for private equity fund interests, highlighting stable pricing trends from 2005 to 2017. It notes a period of market overheating in 2006 and 2007, followed by a return to normalized pricing levels. The document includes a table showing secondary market volume and pricing as a percentage of NAV from 2005 to 2017, divided into 'Bubble', 'Crisis', and 'Normalized' phases.
documents/EFTA01386462.pdf
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