E378: Why LPs Keep Selling Their Highest-Quality Funds

2026-05-28 · 27 min · episode 378 · 7 entities

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→ hosted by David Weisburd person

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Feed author/publisher: David Weisburd
→ discusses Business company

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Feed category: Business
→ discusses Investing concept

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evidence rules-v5
Feed category: Investing

Entities found in this episode

concepts 3

mentioned Investing concept

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evidence rules-v5
Feed category: Investing
mentioned Why LPs Keep Selling Their Highest-Quality Funds concept

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evidence rules-v5
E378: Why LPs Keep Selling Their Highest-Quality Funds
discusses Investing concept

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evidence rules-v5
Feed category: Investing

persons 2

mentioned David Weisburd person

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evidence rules-v5
Feed author/publisher: David Weisburd
hosted by David Weisburd person

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evidence rules-v5
Feed author/publisher: David Weisburd

companys 2

mentioned Business company

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evidence rules-v5
Feed category: Business
discusses Business company

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evidence rules-v5
Feed category: Business

Episode description as stored

What if the biggest opportunity in private equity today isn’t buying companies—but buying liquidity from investors who are forced to sell great assets for reasons unrelated to performance? In this episode, I sit down with Ryan Levitt, Co-Head of LP Secondaries at ICG, to discuss why secondaries have evolved into one of the most attractive areas in private markets. Ryan explains how LP secondaries can outperform traditional buyouts with lower downside risk, why DPI pressures are reshaping institutional portfolios, and how rules-based allocators create structural inefficiencies. We also explore return dispersion, continuation vehicles, GP relationships, and why access and information matter more than sourcing in modern secondaries investing.