Secondaries’ next talent challenge

Retaining talent and maintaining the industry's culture will be one of the secondaries market's biggest long-term challenges.

Secondaries has seen a step change in the volume and calibre of junior talent looking to enter the market. Its next challenge is to bring junior talent up to speed and retain them for the long term.

In the latest edition of Secondaries Investor’s Second Thoughts podcast, 2024 Next Gen-ers Sijia Cai , a partner at Davis Polk & Wardwell LLP , Sabrina Harliman , vice-president at TPG and Josef Menasche , co-head of secondaries advisory at 高盛 tell Americas correspondent Hannah Zhang, CFA there has been a broadening number of candidates looking to enter secondaries, with the calibre of individuals rising every year.

“We have seen more and more young law school students who [have] just graduated come in and say, ‘Oh, I’m interested in funds, and I’ve heard about secondaries’,” Cai said. “Even them having heard about secondaries without having practiced in this space before is just indicative of how mainstream a little niche practice has really grown.”

Listen to the latest episode of Secondaries Investor's Second Thoughts podcast here or find us wherever you listen to podcasts.

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