Secondaries

Secondaries refer to the purchase and sale of existing interests in private equity funds, hedge funds, or other alternative investment vehicles on the secondary market. Unlike primary investments, where capital is committed to new funds or projects, secondaries involve acquiring stakes from current investors seeking liquidity before the fund's maturity. For family offices, secondaries can offer access to diversified portfolios, reduced risk due to established track records, and potentially shorter investment horizons. They also enable family offices to deploy capital strategically in opportunities aligned with their risk tolerance and long-term goals while avoiding the uncertainty of early-stage investments.