Nigel Dawn

Nigel Dawn, the global head of Private Capital Advisory at Evercore, shares his expertise on the booming secondaries market in private equity. He delves into the evolution of LP and GP relationships, discussing how perceptions have shifted since the financial crisis. Nigel offers insights on strategies for both buyers and sellers, the significance of unbiased advisory services, and the growth potential of secondary liquidity in private credit. He also reflects on the importance of communication skills and risk-taking in navigating this complex landscape.

Nigel Dawn, senior managing director at Evercore, discusses the growth and development of the secondaries market over a 20-year period, exploring tools and strategies such as securitizing LP interests, selling notes in the bond market, and utilizing NAV loans. They also highlight the benefits of GPs retaining their investments, the use of continuation vehicles, and the potential growth and constraints of the secondary market in private equity.

Nigel Dawn, Global Head of Private Capital Advisory at Evercore, Leor Landa, Head of the funds and secondaries practice at Davis Polk, and Yann Robard, Managing Partner at Dawson Partners, dive into the evolving secondaries market. They discuss the revolutionary variety of liquidity offerings for LPs, from specialized funds in healthcare to large continuation funds. The importance of performance in continuation funds is highlighted, signaling rapid innovation and growth, with a potential market valuation reaching $1 trillion by 2031.