Episode 149: Capturing Alpha in the Secondary Market through GP-Led Transactions

In this episode of the InsuranceAUM.com Podcast, Stewart Foley, CFA, hosts Paul Sanabria and Jeff Hammer, Senior Managing Directors and Global Co-Heads of Secondaries at Manulife Investment Management, to dive into the growing world of secondary market investments. With secondaries now exceeding $100 billion annually, the conversation explores the evolution of the market from its early days, focusing on the rise of GP-led transactions and the broader opportunities across asset classes like real estate, infrastructure, and private credit.

Paul and Jeff break down the core secondary strategies, highlighting their advantages, and emphasize how the market has shifted from an opportunistic environment to a robust and solution-driven one. They also share insights on the potential for insurance companies to leverage secondaries for better liquidity management, diversification, and attractive risk-adjusted returns. This episode is a must-listen for insurance investment professionals considering allocations to the secondary market and seeking to capture alpha in today's dynamic landscape.