# GP Led Secondaries: What's next?

Page: https://stenobird.com/podcast/disruptive-forces-in-investing-558440/gp-led-secondaries-what-s-next
Text version: https://stenobird.com/podcast/disruptive-forces-in-investing-558440/gp-led-secondaries-what-s-next.md
Podcast: [Disruptive Forces in Investing](https://stenobird.com/podcast/disruptive-forces-in-investing-558440)
Published: 2025-07-01T13:25:53+00:00
Episode link: https://disruptive.libsyn.com/gp-led-secondaries-whats-next
Audio file: https://traffic.libsyn.com/clean/secure/disruptive/Disruptive_Forces_-_Secondaries-PASS1.mp3?dest-id=1167224
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JSON: https://stenobird.com/v1/public/podcasts/disruptive-forces-in-investing-558440/episodes/gp-led-secondaries-what-s-next
Duration seconds: 990

## Resource

Liquidity challenges are reshaping the private equity landscape, pushing investors to explore innovative solutions for managing their portfolios. With reduced exit activity, constrained distributions, and a tougher fundraising environment, how can secondaries provide a liquidity lifeline? And what role do GP-led transactions play in driving opportunities for both sponsors and investors? On this episode of Disruptive Forces , host Anu Rajakumar is joined by Philipp Patschkowski, a Managing Director on Neuberger Berman's Private Equity Secondaries team, to discuss the evolving role of secondaries in private equity. Together, they delve into the rise of GP-led transactions, pricing dynamics, and how secondaries are becoming a core part of the private equity ecosystem. This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger Berman is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a…

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## Transcript

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