In a fast-evolving secondaries market exceeding $150 billion in annual volume, GP-led transactions have become a critical tool for unlocking liquidity and extending value creation. We sat down with Petr Poldauf, Senior Investment Director at Schroders Capital, to explore how the firm’s focused strategy on GP-led secondaries is addressing market inefficiencies—and why this approach is increasingly relevant in regions like Central and Eastern Europe.
As Petr highlights:
“Last year, secondaries hit $150 billion globally—half of that was GP-led. This is no longer a niche.”
Key Takeaways:
GP-led transactions now account for ~50% of the secondaries market, driven by the need for liquidity and longer holding periods for high-quality assets.
Private equity exits are slowing, with IPOs declining as a viable route—making GP-led solutions a more attractive option.
Schroders Capital has doubled down on GP-led secondaries, focusing on concentrated assets where due diligence, ESG, and long-term value can be controlled.
Emerging Europe is catching up with global trends in secondaries, offering growing opportunities despite its smaller market size.
The secondaries market is undercapitalized, allowing selective buyers to pursue quality at attractive discounts.
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