This podcast episode explores the evolution and growth of the secondary market for private equity, with a focus on LP interests and continuation funds. It discusses Nigel Dawn's career path and his role in pioneering the market. The episode highlights the changing perception of selling LP interests, the growth and strategy of Evercore's secondary advisory business, and the dynamics of the secondary market, including the role of advisors in facilitating price discovery. It also examines the emergence and considerations of secondary liquidity in the private credit market. The episode concludes by discussing the future of the private equity market, predicting significant growth driven by new entrants and the democratization of alternatives.
