There’s a New Secondary Intermediary (Or Two) in Town
**Updated with source and spokesperson comments below.** The secondary intermediary field isn't a crowded one. Until recently, your advisory options for unloading LP interests on the secondary market were limited to three established players: Cogent Partners, UBS, and Probitas Partners. It makes sense, since prior to last year, the demand for their services hasn't overwhelmed the market's existing players. But now, with distressed LPs selling at deep discounts, there's a renewed interest in the asset class by anyone and everyone, including, you guessed it, the investment banks.
4 February 2009•2 mins read
