Episode 14: Private Capital Secondaries: From Stigmatized Distressed Selling to Sophisticated Portfolio Toolset with Vern Perry and Taylor Robinson
Listen now
Description
It’s another coming of age story on Capital Decanted. In this case, since Dayton Carr conceived the space in 1984, we’ve seen private capital secondaries morph from a niche set of transactions of distressed limited partner selling to a more than $600B asset management and liquidity tool utilized by the most sophisticated LPs and GPs in the world and now devoid of the original stigma that plagued these activities. We’ll examine that winding and explosive history of their beginning and then tackle the state and progression of today’s market with partners from the two largest secondaries funds on record.   Guests: Vern Perry: Global Head of Blackstone Strategic Partners Taylor Robinson: Partner, Lexington Partners Episode Sources
More Episodes
Today’s asset management business has quickly transformed into a race to build out a stable of thoroughbreds--investment strategies across a spectrum of conventional public equity and debt as well as offerings across the continuum of private capital--equity, credit, secondaries, real estate,...
Published 10/29/24
Published 10/29/24
No investor claims to be short-term but in the face of the seductive siren call of the emotionally volatile markets, even the most disciplined of investors buckles at the knees.  The apparatus and systems in which we work---governance, investment policy, benchmarks, asset allocation frameworks,...
Published 09/30/24