The boom in LP-led secondaries

This episode is sponsored by LGT Capital Partners, Dawson Partners and Pomona Capital

Record volumes and growing liquidity pressures are pushing limited partners into the market as secondaries become a core portfolio management tool rather than a last resort. What was once viewed as a reactive measure has become a core tool for managing private equity exposure with repeat sellers now a defining feature of the landscape. Asset-class expansion is also encouraging more activity.

In this episode, Secondaries Investor editor Madeleine Farman is joined by Dawson Partners’ Yann Robard, LGT Capital Partners’ Pauline Wetter and Pomona Capital’s Michael Granoff. They explore why LP sales have become an expected part of managing private equity exposure; how geographic dynamics shape seller motivations; and how asset-class expansion – from private credit to infrastructure – is changing underwriting and pricing across the market.