In this episode, Bridget Walsh, EY Global Private Equity Leader, will be discussing the role of secondaries in the private equity market with Mark Benedetti, Co-Head of Ardian US.
The prediction is that the secondaries market is going to be $200, $300 or even up to $500 billion in some estimates in the next 5 to 10 years. Any big market needs a secondary market to function properly, and private equity is no different. What was once considered a tool for groups who are liquidity constrained, secondaries are now used by groups to actively manage their portfolio.
Key takeaways:
The secondaries market has evolved in tandem with, and in support of the private equity market. Find out:
- What has driven the growth of secondaries and the potential for significantly more going forward
- How secondaries are being used to actively manage portfolios
- How cyclical the PE industry is and if returns are possible on both sides of the cycle
- Not all NAV is created equal
- Where the top 9 or 10 players in the market will be in the next 3-5 years
For your convenience, full text transcript of this podcast is also available. Read the transcript.
Presenters
Bridget Walsh
EY Global Private Equity Industry Market LeaderMark Benedetti
Co-Head of Ardian USPodcast
Episode 56
Duration 19m 37s
In this series
Series overviewHow the private equity secondaries market is coming of age
Episode 56
Presenters
EY Global Private Equity Industry Market Leader
PE Pulse: Five takeaways from 4Q 2022
Episode 55
Presenters
PE Pulse: Five takeaways from 3Q 2022
Episode 54
Presenters
PE Pulse: Five takeaways from 2Q 2022
Episode 53
Presenters
How Brightstar balances value and values when implementing ESG
Episode 52
Presenters
Chief Sustainability Officer and Managing Director, Brightstar Capital Partners
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
How geopolitical power shifts will affect investment opportunities
Episode 51
Presenters
EY EMEIA Leader, Geostrategic Business Group
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
What ESG means to KKR
Episode 50
Presenters
Managing Director, Sustainable Investing, KKR
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP
What’s in store for SPACs
Episode 49
Presenters
EY Americas ESG Private Equity Leader; Partner, Private Equity Client Service, Ernst & Young LLP