ARTICLE
5 August 2025

Schulte Partner Joe Smith On The Increase In First-time Secondary Sellers Coming To Market

SR
Schulte Roth & Zabel LLP

Contributor

With a firm focus on private capital, Schulte Roth & Zabel comprises legal advisers and commercial problem-solvers who combine exceptional experience, industry insight, integrated intelligence and commercial creativity to help clients raise and invest assets and protect and expand their businesses.
Schulte Roth & Zabel partner and co-head of the Private Equity Funds Group, Joe Smith, recently discussed the growing number of limited partners ("LPs") coming to the secondary market.
United States Corporate/Commercial Law

Schulte Roth & Zabel partner and co-head of the Private Equity Funds Group, Joe Smith, recently discussed the growing number of limited partners ("LPs") coming to the secondary market. He toldPitchBook, "Many first-time secondary sellers will come to market this year, because, if they don't, LPs are going to be in a position where, if they wait for the market to give them liquidity, they're going to miss out on vintages."

While LPs have historically avoided the secondary market, perceiving it is a domain for distressed sales, Joe said that stigma is now broken as high-profile sales flood the market and allocators grapple with mounting liquidity needs.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More