The article discusses the growing importance of the secondary market in private equity, highlighting the shift from a niche investment strategy to a mainstream focus. Keith Brittain of Hamilton Lane shares insights on the evolving landscape, where entities like Ares and Blackstone emphasize the liquidity and resilience of secondaries during economic slowdowns. With record fundraising levels and emerging megafunds, the sector is attracting new talent, especially from college graduates and existing buyout firm employees. The industry faces a talent shortage but offers significant career advancement opportunities.
Today, the practice of buying stakes in private funds from investors who want to sell early is on the lips of the biggest names in private equity as 'secondaries' fundraising reaches record levels.
As the industry evolves from a curiosity to a destination, a lucrative career path is emerging.
Other than fundraising, the primary thing that could hold the industry back is talent. We need more great talent.
We are now seeing interest from college students and people who currently work at buyout firms.
Collection
[
|
...
]