Liquidity Demand Surges in 2024

Cox Capital's Transaction Volume Surged 309% in 2024 – and demand for secondary liquidity continues to accelerate into 2025.

According to the 2025 CAIS-Mercer Alternative Investment Survey, 36% of Financial Advisors cite “lack of liquidity” as a challenge in adopting alternative investments. While the alternatives space continues to grow, so does the demand for liquidity solutions.

The secondary market has become an essential tool for investors seeking flexibility. Fund structures in the wealth management channel have evolved to better accommodate liquidity needs, yet they remain on the spectrum of semi-liquid to illiquid to align with both manager and shareholder objectives.

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