The State of Secondaries: LP-Led Secondaries with PJT Partners

This episode of The State of Secondaries features an insightful conversation with Adrian Millan, Partner at PJT Partners. We discuss the dynamic world of LP-led secondaries, exploring key themes including liquidity challenges, pricing dynamics, and the impact of technology on deal sourcing and execution. Adrian shares valuable insights on the current state of the market, the driving forces behind its growth, and his outlook for 2025-2026.