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    PLI PLUS

    On-Demand

    GP-Led Secondaries: Navigating a Rapidly Expanding Market

    1-hour program
    Up to 1 credit

    Overview

    Why You Should Attend

    The secondary market has experienced unprecedented growth, with transaction volumes reaching record highs. In 2024, the market surged to approximately $162 billion, marking a 45% increase from the previous year and surpassing the 2021 record. Notably, GP-led transactions accounted for $75 billion of this total, reflecting a significant 68% increase in the year’s second half. This surge underscores the escalating importance of GP-led secondaries in private equity, offering both liquidity solutions and strategic asset management opportunities. As private equity firms face evolving market dynamics, understanding the intricacies of GP-led secondaries is essential for any professional working in the industry. 

    What You Will Learn

    Topics to be addressed include:

    • Introduction to GP-led secondaries – Understanding their role and significance in today’s market (5 minutes)
    • Market trends and strategic adoption – Analyzing the factors driving the surge to $75 billion in GP-led transactions (10 minutes)
    • Key drivers behind market expansion – Exploring why more GPs and LPs are embracing this approach (5 minutes)
    • Benefits for GPs and LPs – Discussing liquidity solutions, value maximization, and strategic flexibility (5 minutes)
    • Deal structure and transaction process – Examining how these transactions are executed (10 minutes)
    • Stakeholder roles, potential conflicts, and challenges – Navigating the complexities (10 minutes)
    • Legal and regulatory considerations – Identifying key risks and compliance factors (10 minutes)
    • Future outlook for GP-led secondaries – Projecting where the market is headed next (5 minutes)


    Who Should Attend

    Who Should Attend: In-house counsel, outside attorneys, finance and other allied professionals interested in gaining a better understanding of GP-led secondaries

    Program Level: Overview

    Prerequisites: None

    Advanced Preparation: None

     

    Faculty:

    Joseph Ehrlich

    Brown & Brown Risk Solutions

     

    Arash Farhadieh

    Willkie Farr & Gallagher LLP

     

    Spencer Gyory

    Lazard Frères & Co. LLC

     

    Evert Vink

    New 2ND Capital

     

    John Weinstein

    Insight Partners, LLC

    Credit details

    Save on this program with an Individual Membership

    With a yearly Individual Membership, you get:

    • On-Demand Learning
    • Live Webcasts and Groupcasts
    • 400 PLI and SEC Institute Forums
    • Interactive Learning Center Programs
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