Date: Mar 16, 2021Time: 6:00 PM to 7:00 PM
Mar162021

The Private Equity Secondary Market: Explosive Growth and Future Outlook (virtual)

Tue, 6:00 PM to 7:00 PM Zoom Webinar (Information to be sent to Registrants)
General PublicFinance

Description

As the Private Equity market evolves and experiences explosive growth, so does the secondary market as Limited Partners redefine their portfolios and priorities in the backdrop of new economic realities. Though Private equity secondary transaction volume was impacted by the Covid-19 crisis in early 2020, the market has rebounded, supported by GP-led transactions. Some experts have even projected the annual secondary volume could reach $250 billion in the next 5 years as limited partners more actively manage their portfolios.

Come listen to two experts discuss trends in the growing secondary market and what they see as solutions that the bespoke market can present to General Partners. Other than a direct sale of a fund’s remaining assets to a secondary investor, these GP-led secondary transactions that continue to impact the market include GP-led tender offers, fund restructurings and stapled secondaries. Additionally, our panelists will discuss how intermediaries from LPs, GPs and Placement Agents work together to create symbiotic, long term relationships with objectives of further growing the Private Equity market.

Participants must register by March 15th to receive details on joining the discussion.

Please note that no refunds will be issued.

Bios

Speaker

Cari Lodge

Managing Director Commonfund Capital, Inc.

Cari Lodge is Head of Secondaries and a member of the Investment Committee. Her responsibilities include oversight of due diligence, underwriting, manager selection and investment management for the firm’s private capital Primary, Secondary, Co-Investment and Distressed Capital programs. Prior to joining Commonfund Capital, Cari was at Tulane University’s Investment Management Office where she was responsible for overseeing the private equity and private real assets investments for the $1 billion endowment. Prior to Tulane, she was at Credit Suisse Strategic Partners, Credit Suisse’s dedicated secondary private equity fund with over $11 billion in commitments and interests in over 1,300 funds. Cari was a member of the investment committee, co-managed the $750 million aged primary program, and closed over 115 secondary transactions and co-investments for over $1.25 billion in total capital obligation. She worked with the team for twelve years since its founding in 2000, having started with Donaldson, Lufkin & Jenrette (which merged with Credit Suisse in 2000) as an Associate in Investment Banking. Cari is presently a member of the advisory board of several private capital limited partnerships. Cari is also a member of the Investment Committee of her alma mater, The Hotchkiss School. She received an A.B. from Dartmouth College in both Economics and Government and an M.B.A. from Columbia Business School.

Speaker

Gerald Cooper, MBA '02

Partner, Campbell Lutyens

Gerald joined Campbell Lutyens in 2016 and is head of the firm’s secondary advisory practice in North America.

During his time with Campbell Lutyens, he has built the North America secondaries team to become one of the largest and most respected in the industry. He has also led a number of major secondary mandates for blue chip US institutional investors as well as for leading GPs on the creation of continuation funds. Gerald has advised on over $20 billion worth of secondary transactions including both LP focused and GP-led mandates.

Prior to joining Campbell Lutyens, Gerald spent 12 years at UBS advising on secondary transactions, most recently as Global Co-head of Secondary Advisory in the Private Funds Group in New York. Before specializing in the secondary market, Gerald worked at Advantage Capital Partners focusing on direct investments in the Midwest and Southeast parts of the US, having previously worked in corporate finance and equity capital markets at Deutsche Bank and Bankers Trust Company in New York and Hong Kong.

Gerald graduated magna cum laude from Bryant University with a Bachelor of Science Degree in Business Administration and earned his MBA from Harvard Business School.

Moderator

Hemali Dassani, MBA '99

Hemali Dassani (MBA ’99) is an experienced fundraiser and investor relations professional within the alternative investments space and is currently a placement agent and consultant to multiple Private Equity funds. Hemali was previously Director of Investor Relations for Argand Partners and Castle Harlan, middle market private equity funds. Hemali was also a Managing Director with Old City Investment Partners, a multi-family office dedicated to finding high quality investments for the firm’s clientele of family office investors. Ms. Dassani has an M.B.A. from the Harvard Business School and a B.Sc. in Industrial Engineering from Northwestern University. She was President of the Harvard Business School Club of Greater New York and currently sits on the Board of the Club and Chair’s its racial equity task force. Previously she sat on the Board of Governors for the Harvard Business School Real Estate Alumni Association and the Steering Committee for the Harvard Business School Alumni Angels Association.

Date Time

Date: Mar 16, 2021Time: 6:00 PM to 7:00 PM

Location

Zoom Webinar (Information to be sent to Registrants)1460 Broadway
New York, NY 10036
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Price

  • 20 / Alumni Non-Members
  • 10 / Member/Member Guest (limit one)
  • Free / Patron Members (please contact programming@hbscny.org)
  • 25 / General Public

Attendees

Joshua Afshani, Andy Alisberg, John Allen, Lockie Andrews, Joel Barber, Alex Basso, Francois Baudu, Robert Baumann, Gadi BenMark Markovitch, Andreas Bender, Ennius Bergsma, Bastien Berthon, Clarence Brown, Lu Chen, Nageswar Cherukupalli, Jon Chesshire, Daniel Cunningham, Andrew Dale, Hemali Dassani, Suzanne Donohoe, Sally Durdan, Daniel Elkaim, William Ettelson, Elizabeth Fairfax Brown, Todd Farha, Juan-Manuel Fernandez Cortina, Irwin Friedman, Chris Frigon, Tara Fung, Ayala Gamburd, Jared Gerstenblatt, Oriana Goldman, Carolyn Grant, Charles Grant, Peter Grape, Christopher Grosso, Chase Hardin, Randal John-Baptiste, Vekrum Kaushik, Edith Kempner, Christopher Kim, Kevin Kimberlin, Ellen Lazarus, Evguenia Lindgardt, Vikas Lonakadi, Jose Antonio Lopez Harnecker, Ann Macdougall, Alan Mark, Robert McManus, Bruno Medeiros, Aexander Mejia, Joe Menasche, Barbara Moore, Barrie Moskowitz, Christine Murnane, Brennan Nacol, Douglas Pearson, Michael Pearson, Mix Pearson, William Potter, Jeffrey Quake, GIOVANNI PAOLO MASSIMILIANO RAFFA, GIOVANNI PAOLO MASSIMILIANO RAFFA, Kevin Reid, Howard Rimerman, Paula Roberts, Clifford Schireson, Samuel Schwab, Kent Scott, Sameer Shamsi, Amanda Siegel Lansky, Jeffrey Sklar, Nirjar Sridhara, Kenneth Tatum, Earl Templeton, Richard Tiagi, Nadia Tian, Igor Tsukerman, Amihope Tully, Siby Vadakekkara, Antonio Vieira, William Wang, Christopher Welch, Leighton Welch, Christopher West, Kevin Williams, John Willinge, Peter Wright, Brian Zaratzian, Fenglin Zhao, Liliane Zreik

Organizer

Hemali Dassani, MBA '99

Zoom Webinar (Information to be sent to Registrants)

1460 Broadway, New York, NY, 10036