Secondaries: What Does the Future Hold?

The secondaries market is experiencing unprecedented growth, with 2024 seeing record transaction volumes that have surpassed all previous highs. As institutional investors seek liquidity and portfolio rebalancing solutions, the market continues to evolve with increasing sophistication.In this conversation from the New York Private Capital Summit, Sijia Cai, Partner in Investment Management at Davis Polk, speaks with Ben Perl, Managing Director and Global Co-Head of Secondary Private Equity at Neuberger Berman, about the future of the secondaries market.They explore how robust deal flow and market maturation are driving the sector forward, with private equity firms and secondary buyers increasingly focused on complex, niche transactions. The discussion also addresses how rising interest rates have introduced new challenges and pricing dynamics that are reshaping deal structures and valuations.Critical insights for investors navigating the rapidly evolving secondaries landscape.Featured:Sijia Cai - Partner, Investment Management, Davis PolkBen Perl - Managing Director, Global Co-Head of Secondary Private Equity, Neuberger BermanLearn more about CapLink Group events: www.caplink-group.com