Secondaries have rapidly evolved from a niche strategy into a core component of private market investing. As distributions slow and liquidity becomes more constrained, investors are being forced to rethink how and where they allocate capital.
In this episode of The Mack Podcast, Brian Adams is joined by Adam Freda, Tim Ladin, and Jerry Graunke to explore what’s driving the growth of the secondaries market and how family offices are approaching it today. The conversation touches on the changing role of secondaries in portfolio construction, the impact of reduced distributions, and the increasing prevalence of continuation funds and GP-led transactions.
They also share practical perspectives on diligence, alignment, and navigating a market where liquidity needs, rather than asset quality, are often driving decisions. As the private markets landscape continues to shift, secondaries are becoming an important tool for maintaining flexibility while staying committed to long-term investment strategies.
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This episode is sponsored by In Three Generations.
In Three Generations provides education and coaching for individuals and families with significant financial means, helping both leading and rising generations navigate wealth with confidence, clarity, and intention.
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