GP-led secondaries – motivations, mechanics, and outcomes

This seminar answers the questions on institutional investors’ minds regarding one of the most talked about topics in the alternative investment community. Why would a sponsor (GP) want to access the secondary market? What are the benefits to investors (LPs)? Is this a new investment strategy or a trade? Is this a win-win-win for sponsors, old investors and new investors? Why might you look to allocate to GP-led secondaries if you already invest in traditional LP secondaries? Join Jeff Hammer and Paul Sanabria, Co-Heads of Secondaries at Manulife Investment Management, as they discuss factors which led to GP-led secondaries representing half of the $134 billion[1] secondary market in 2021, and why it is likely to be a meaningful part of the secondary market in 2023 and beyond. [1] Evercore Secondary Market Survey January 2022 Presented by: – Jeff Hammer, Senior Managing Director, Global Co-Head of Secondaries, Private Markets, Manulife Investment Management – Paul Sanabria, Senior Managing Director, Global Co-Head of Secondaries, Private Markets, Manulife Investment Management Moderated by: – Sunaina Sinha Haldea, Global Head, Private Capital Advisory, Raymond James