There has been an evolution of the private equity secondaries
market, and the Global Symposium addressed key issues in a panel
that featured Tony Colarusso, Global Head of Private Capital
Advisory at Morgan Stanley; Meyer Dworkin, Partner at Davis Polk;
Steve Lessar, Managing Director at Blackrock; Christina Marsh, Head
of Sales Fund Financing and Solutions, Americas at Nomura; Pramit
Sheth, Senior Managing Director, Funds at Kroll Bond Rating Agency;
and Sherri Snelson, Partner at White & Case.
The "Secondaries" panel (on Thursday afternoon) was a
big draw, as it had a standing room-only crowd that spilled out
into the hallway. This seemed prescient as each of the panelists
highlighted the continued growth of both secondaries funds and
their use of financing. In addition to growth of the secondaries
market, the other overarching themes were continued evolution in
the market's need and use of liquidity and leverage, and
innovation in the structures and products
