Episode 162: Don’t Call it a Comeback – Private Equity Secondaries with Adam Freda of 50 South Capital

In this episode, we explore the rapidly evolving world of private equity secondaries with Adam Freda, Managing Director at 50 South Capital. Adam shares insights on how the secondary market has grown from a niche sector to a $100 billion-plus market, offering critical liquidity options for private equity investors. He explains how the secondary market provides a unique opportunity for both buyers and sellers, allowing investors to adjust their portfolios, avoid the J-curve, and achieve attractive returns through discounted deals.

Adam also delves into the growing trend of GP-led secondary transactions, where private equity fund managers manage their older funds more actively, and outlines how secondary funds have consistently outperformed stocks while offering a reliable diversification tool. He provides a fascinating outlook on the future of the secondary market and why it is becoming an essential part of the private equity landscape for institutional investors, including insurance companies.