The document explains the difference between primary and secondary private equity investments. Primary private equity involves direct investment into a PE fund at its inception, while secondary private equity involves investment into existing PE-backed companies, typically through the purchase of fund interests. The secondary market has expanded to include the sale and purchase of Limited Partner interests, direct PE investments, and bespoke liquidity solutions for General Partners.
doj/DataSet10/EFTA01391232.pdf
{"key_people":["Thad Lake"],"document_type":"correspondence","document_subtype":"memo","key_organizations":["Glendower Capital"],"reference_numbers":["DB-SDNY-0096044","SDNY_GM_00242228","EFTA01391232"]}