Ben Slome from New Vintage Partners, a dedicated Secondary Fund, joins Random Walk to discusses the evolving landscape of the secondary market in private capital, particularly in venture capital.
Show notes below
Catch up on everything you missed
The best way to catch up on everything you missed is to skim the archive
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Making secondaries a primary thing
00:00 The Rise of Secondaries in Private Capital
02:45 Understanding New Vintage Partners' Strategy
05:49 Navigating the Secondary Market Landscape
08:51 Identifying Quality Assets in Venture Capital
12:07 The Profile of Sellers in the Secondary Market
14:48 The Evolution of Secondary Market Dynamics
18:02 Challenges and Opportunities in Deal Structuring
22:34 The Landscape of LP Stakes and IPO Markets
24:08 Understanding Unicorns and the Private Market Dynamics
25:34 Navigating the Secondary Market: Buyer vs Seller Dynamics
27:45 Duration Mismatch and Its Impact on Secondary Markets
30:29 The Evolution of Fundraising Strategies in 2023
32:01 Building a Business Around Liquidity Solutions
35:04 Fundraising Challenges and Opportunities
36:40 Adapting to Market Changes and Deal Flow
39:24 Identifying Gaps in the Private Market Infrastructure
41:25 Contrarian Views on AI and Private Market Investments
Also available on Youtube
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