Jon Madorsky – Navigating the Evolution of Private Equity Secondaries (EP.448)

In this episode of Capital Allocators, host Ted Seides interviews Jon Madorsky, Managing Partner and Co-Portfolio Manager of the secondaries strategy at RCP Advisors, to discuss the evolution of the secondaries market, its use cases, transaction types, and capital sources. Madorsky shares insights on RCP's investment strategy, value creation, portfolio construction, and exit strategies, as well as his views on secondary market pricing, growth, risks, and the industry's future, including the impact of retail capital and potential market saturation. The conversation also explores the role of the secondary market in providing liquidity to the primary market and the shift from distressed sales to strategic portfolio construction.