William Blair

The secondary market for venture capital has grown sharply this year, with annual transaction volume reaching roughly $152 billion, according to estimates from Jefferies and Evercore. Reports from William Blair and Preqin project the market could grow to as much as $250 billion. The surge reflects investors seeking liquidity in an environment where traditional exits through IPOs remain limited, making share sales a bigger part of the venture ecosystem.

Investment firm William Blair has appointed a new managing director focused on the insurance and financial services sectors. The move signals the firm's continued investment in its advisory capabilities in these industries, expanding its coverage as dealmaking and client demand in insurance and financial services remain active.