Episode 18: The rise of secondary markets in private equity with Guest Taylor Robinson, Lexington Partners
Description
In Episode 18 of the Alternative Allocations Podcast, Taylor and Tony discuss the importance and growth of the secondary market in private equity. They talk about slowing exits (M&A and IPO's) and the role of secondaries in providing liquidity to institutions. Taylor highlights the potential benefits of secondary investments, such as diversification and predictable returns, and talks about the evolving market dynamics, including GP-led deals. He also stresses the significance of size and scale in executing transactions and the strategy of acquiring quality assets at reasonable prices to help achieve desired returns.
Taylor Robinson is a Partner of Lexington Partners, primarily focused on sourcing, negotiating, and executing secondary transactions. Taylor joined Lexington Partners in 2008 from JPMorgan, where he was in investment banking and leveraged finance. Aside from his investment focus and other Firm responsibilities, he is a member of Lexington's ESG steering committee and Franklin Templeton's global Stewardship & Sustainability Council.
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Resources:
About Lexington Partners | Alternatives by FT
Why private equity | Alternatives by FT
Taylor Robinson | LinkedIn
Alternatives by Franklin Templeton
Tony Davidow, CIMA® | LinkedIn
United States
