Secondaries evolution - accessing private assets through GP solutions
IPEM Community
48:20
Private equity secondaries have evolved from a niche liquidity tool into a core route to accessing high‑quality, PE‑backed companies. As GPs manage larger portfolios and hold assets for longer, traditional exit routes remain constrained. In response, GPs are increasingly turning to GP‑led and direct secondary solutions to generate liquidity, optimise portfolio construction and raise mid‑fund life capital for their highest‑conviction assets.
In this webinar, we explore the structural drivers behind the rapid growth of the GP solutions market and how approaches pioneered by managers such as W Capital provide differentiated access to high conviction assets. Investing in more mature, well-performing mid-life assets has the potential for de-risked and earlier cash flow strong returns. We will compare the expanding range of GP‑led and direct secondary structures, highlight key risk‑return considerations, and discuss how investors can access these opportunities efficiently in today’s market.
Speaker
David Wachter
CEO of W Capital Partners & Partner of BNP Paribas
Since founding W Capital in 2001, W Capital has become a leading participant in GP Solutions Secondaries, providing private equity shareholders with liquidity for their investments. David and the firm are cited frequently in publications such as the Wall Street Journal, Forbes, Investment Dealers Digest, VentureWire, Financier Worldwide, Venture Capital Journal, PE International and PE Analyst. David was on the Board of Directors of the NVCA (National Venture Capital Association), as the first board member representing a secondary fund, and was the Chairman of the NVCA Growth Equity Executive Committee. He has spoken around the world regarding the growing market for liquidity in private equity at Columbia Business School, Wharton, SuperReturn, SuperInvestor and the Dow Jones PEA conference. He was elected one of the 30 Rising Stars in Private Equity by Private Equity International. Prior to the founding of W Capital in 2001, David held senior roles as an investment banker and private equity investor for 15 years at Lehman Brothers, Jefferies and Unterberg. David holds an MBA with distinction from New York University and a BS in Engineering, magna cum laude, with a major in Computer Science and Applied Mathematics from Tufts University.
Replays
See all
Secondaries evolution - accessing private assets through GP solutions
48:20