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Apogem Capital, an investor in more than 60 GP-led secondaries, and law firm Willkie Farr & Gallagher team up to explain how lead investors and legal counsel can help investors in continuation funds feel comfortable that the sponsor is aligned with their interests.
Tokenization of real assets is opening up alternatives to a vast new investor universe and jurisdictions are having to respond, say Elliot Refson and Philip Pirecki of Jersey Finance.
Continuation vehicles remain useful in end-of-life scenarios, but for mid-life investments, direct secondaries may be a more effective solution, say W Capital’s Todd Miller and David Wachter.
As the secondaries market matures, new sources of capital and new applications for existing technology are emerging, say Fried Frank’s Andrew Rearick and Andy Varney.
The expansion of the secondaries market is encouraging private equity firms to develop scalable and flexible back-office operating models, according to RSM’s Scott Reamer and William Andreoni.
During periods of market dislocation, mid-market secondaries can be a compelling strategy for investors to consider, says Matthew Sparks, a managing director at Northleaf Capital Partners.
As the secondaries market steps into the spotlight, GP-led transactions are redefining how the market will look globally, says Aleksander Bakic, European co-head of liquidity solutions at Kirkland & Ellis.
The volume of sellers and capitalization of buyers can drive the secondaries market to reach yet another record year in 2025, says Yann Robard, managing partner at Dawson Partners.
Buyers and sellers may be recalibrating to the recent volatility, but secondaries is a long-term adaptable asset class, say PJT Partners’ Adrian Millan and Brenlen Jinkens.