Navigating the Complex World of Private Equity Secondaries

About the Episode

The private equity secondary market has grown significantly in recent years, with increasing acceptance and flexibility, but what is it exactly? Who is involved, and how do these funds operate? Jeff Bollerman has spent years in this evolving aftermarket for private equity interests, where investors can buy and sell stakes in private partnerships. He provides insights into the market’s maturation, the role of professional advisors, the fierce competition among large syndicated funds, and predictions for the future.

“One thing we can be certain of is that this secondary private equity market will continue to grow.”

Jeff Bollerman

What You’ll Learn

• Evolution of PE Funds: Learn how the secondary private equity market is growing and its role as an alternative investment vehicle where investors can buy and sell stakes in private equity funds.
• PE Playbook: Private equity firms have developed successful playbooks and strategies they can replicate across industries, often through roll-up acquisitions in lower and middle market sectors.
• LP Interests: Valuing limited partnership interests in private markets involves considering factors such as the fund’s vintage year and the underlying portfolio companies.
• Future Predictions: The private equity industry is evolving, with innovation in capital formation and the potential for increased democratization of access to private equity investments.

Topics Covered

Want More? Related Resources: 

• M&A Guide | The 4 Types of Buyers of Businesses
• 18 Differences Between Valuing Public and Private Businesses
• Business Exit Plan & Strategy Checklist | A Complete Guide

Meet Our Guest

Jeff Bollerman

Managing Director at Raymond James | New York, New York

Jeff Bollerman is a Managing Director at Raymond James in the Private Capital Advisory group. Prior to joining Raymond James, he was a founding member of Houlihan Lokey’s Illiquid Financial Assets group, a Director at SecondMarket, Inc., and Head of Private Equity Product Development at Citigroup Global Wealth Management.

LinkedIn: https://www.linkedin.com/in/jeffrey-bollerman-784a932/