What’s the Difference Between Secondaries Buyers?

With so many different specialist buyers of secondary interest in the private equity market, what’s the difference between them all? This important question is answered by three experts from Adams Street Partners, Cogent Partners and StepStone Group in one of a four-part series on private equity secondaries. The conversation includes how to differentiate one buyer from another by way of deal size, alpha-generation and proprietary market insights. A discussion also ensues about the degree to which the secondaries market is intermediated – ie, are there any proprietary deals in this market?