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Beyond the basics: How secondaries can enhance your investment strategy

Nick Lawler
Managing Director, Head of Secondaries
24 Oct 2025  
Reading time: 1 min
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The private equity secondaries market has evolved over the past two decades from a niche solution into a bona fide asset class. What was once largely reserved for distressed sellers is now a sophisticated, and in our view, essential component of portfolio management for investors and private equity (PE) sponsors alike.

So, what is behind the current explosion of secondaries activity? In this paper, Nick Lawler examines secondaries’ performance over multiple market cycles, their persistent structural advantages, three common misconceptions, and why current market conditions present a particularly compelling entry point.

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About the author

Nick

Nick Lawler

Managing Director, Head of Secondaries
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