Data from eFront, a provider of alternative investment management software and solutions, shows that since the start of 2013, distributions from private equity secondaries funds globally have risen steadily to a record level. At the same time, capital calls have fallen to a historic low. eFront cites multiple theoretical factors in support of private equity secondaries investments, but chief among them is often the shorter time to liquidity delivered by the asset class, as a result of the investments being made in mature portfolios.