Market Views
One-on-One with Verdun Perry: Remarkable Growth in the Secondary Market
Global Head of Blackstone Strategic Partners, Verdun Perry, explains what’s behind the enormous growth in the secondary market – and why he’s optimistic about the road ahead.
In liquid markets like stocks and bonds, investors can buy and sell assets on an exchange. But what happens when institutions want to buy or sell in the illiquid private markets? Enter secondaries – a business that jumped from $11 billion in 2009 to $114 billion last year.
Verdun Perry, Global Head of Blackstone Strategic Partners, unpacks how this market works, the factors powering its growth and why Blackstone’s scale positions us for market leadership.
