David Markson, Senior Managing Director of LP Secondaries at Evercore, discusses the early days of the secondary market, his rationale for joining Evercore in 2021, and the excitement of scaling a team that now represents roughly 50% of total LP secondaries volume. He also shares why LPs are seeking liquidity and how their motivations have evolved over time, the impact of retail capital entering the secondary space, and the key considerations LPs should keep in mind when looking to sell. Davi...
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David Markson, Senior Managing Director of LP Secondaries at Evercore, discusses the early days of the secondary market, his rationale for joining Evercore in 2021, and the excitement of scaling a team that now represents roughly 50% of total LP secondaries volume. He also shares why LPs are seeking liquidity and how their motivations have evolved over time, the impact of retail capital entering the secondary space, and the key considerations LPs should keep in mind when looking to sell. Davi...
2024 Secondary Market Boom and What to Expect for 2025 and Beyond with PJT Partner Adrian Millan
Secondary Snapshot
41 minutes
8 months ago
2024 Secondary Market Boom and What to Expect for 2025 and Beyond with PJT Partner Adrian Millan
Adrian Millan, Partner at PJT, walks through the record volume year of 2024 and his outlook for 2025. He discusses recent transactions, LPs fueling selling volume, and how LPs are growing more comfortable with GP-led transactions. Adrian also touches on the increasing influence of 40-act funds and offers career advice for students and early professionals breaking into the secondary market.
Secondary Snapshot
David Markson, Senior Managing Director of LP Secondaries at Evercore, discusses the early days of the secondary market, his rationale for joining Evercore in 2021, and the excitement of scaling a team that now represents roughly 50% of total LP secondaries volume. He also shares why LPs are seeking liquidity and how their motivations have evolved over time, the impact of retail capital entering the secondary space, and the key considerations LPs should keep in mind when looking to sell. Davi...
