News & Analysis

Secondaries to see ‘biggest change’ in 20 years with new entrants

New players will bring 'significant amount of capital into… a market that's capital-starved', Evercore’s Nigel Dawn tells senior editor Adam Le.

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The rise of new entrants in the secondaries market is going to present “the biggest change in the secondaries market in 20 years”, Nigel Dawn, senior managing director and head of Evercore’s private capital advisory group, told Private Equity International and Secondaries Investor’s senior editor Adam Le on the sidelines of PEI Group’s NEXUS summit.

“[New entrants] will bring a significant amount of capital into the market, and into a market that’s capital-starved,” Dawn added.

The pair discuss the driving factors bringing traditional buyout shops to the GP-led secondaries market, the ripple effects this could have on the syndication market universe, and what this means for incumbent secondaries buyers.