How private market secondaries can help schemes

Secondary markets can play a crucial role for schemes changing private market exposures

clock • 4 min read
David Jolly: Secondaries firms are playing a crucial role
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David Jolly: Secondaries firms are playing a crucial role

David Jolly says secondaries are facilitating liquidity options for defined benefit (DB) schemes transitioning towards their end game. They also offer LGPS and DC schemes with longer term horizons the opportunity to diversify and access the strong returns that private markets offer.

Over the past two years, pension schemes have been adjusting to a new environment with interest rates rising to levels not seen since before the Global Financial Crisis. The volatility this has tri...

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