Nigel Dawn, the Global head of Private Capital Advisory at Evercore, discusses the evolution and significance of the secondary market in private markets. Topics include market trends, motivations, critiques, strategies for navigating the private capital landscape, and advice for sellers and buyers of GP interests.

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.