Secondaries for beginners

Secondary platforms are helping smaller investors to engage with this burgeoning market. However, some GPs are concerned about the potential risks. By Sam Sutton

The secondaries market is still dominated by big players and big deals. But, as interest in this historically opaque but rapidly expanding area increases, smaller, atypical investors are trying to gain access. Enter: secondary platforms.

These platforms, many of which operate as exchanges or matching services, provide a mechanism to trade smaller alternative assets.

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