Single Asset Secondaries
Outside of providing liquidity to someone with a stake in the firm rather than directly investing in the firm, is there any difference between single asset secondary and direct investing? (voting rights, etc)
Outside of providing liquidity to someone with a stake in the firm rather than directly investing in the firm, is there any difference between single asset secondary and direct investing? (voting rights, etc)
| +186 | Just One More Year | 13 | 2h |
| +172 | Piper Sandler in talks to acquire PWP | 74 | 2h |
| +122 | UBS Appears to be Exploring Sale | 19 | 1d |
| +88 | Bringing Deals as a Vice President | 26 | 23h |
| +86 | Paradise Is Paradise | 6 | 1d |
| +75 | Drunk VP. How to manage? | 27 | 5h |
| +38 | How do I take my foot off the gas? (AN1) | 4 | 13h |
| +38 | Lazard US Views 2026/2027 | 13 | 2h |
| +32 | M&A is Paradise | 1 | 4d |
| +25 | Why did EVR succeed vs GHL or PWP that ended up getting acquired? | 7 | 2d |
Career Resources
aaa123aaa, bummer your thread hasn't had a response yet. Sometimes bots are smarter than humans anyways:
Hope that helps.
Bump
Several differences here including: secondaries investors in these are typically passive (GP is usually maintaining control), investors are paying economics to the GP (management fees and carried interest), and due diligence for these deals does not get as in the weeds as a traditional direct PE deal
Beatae sint delectus voluptatem aut vel. Molestias nam eveniet officia eligendi perferendis. Illo et adipisci et velit repudiandae repellendus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...