Join our webinars for the latest trends, strategy and potential opportunities in alternative investments from our market experts.
Middle market PE secondaries: An expanding opportunity set
Now on demand
Liz Campbell
Chief Investment Officer
FS Investments
Troy A. Gayeski, CFA
Chief Market Strategist
FS Investments
Justin P. Lux
Managing Director,
Co-Head of LP Secondaries
FS Investments
The private equity secondary market has surged, with transaction volume reaching a record $68 million in the first half of 2024 and set to more than double by year end.
Over the past 18 months, elevated interest rates have delayed distributions, prompting limited partners to seek liquidity in the secondary market. This has increased supply and driven attractive pricing. But as more secondary-focused funds enter the space and discounts begin to stabilize, investors will need to look further for compelling opportunities.
The U.S. middle market has become increasingly attractive, offering more relative value opportunities, thanks to its fragmented nature and strong structural tailwinds.
Join Chief Market Strategist Troy Gayeski, CIO of Portfolio Advisors Liz Campbell and Co-Head of LP Secondaries Justin Lux, as they discuss the factors driving middle market private equity and the expanding opportunity set in the secondary market.
Discussion topics:
What market headwinds mean for traditional stock and bond portfolios over the next decade
How structural tailwinds are increasing the opportunity set in middle market private equity
The outlook for secondaries pricing across different market segments
Watch video of previous webcasts to make sure you never miss what’s next in alternative investments.
Middle market PE secondaries: An expanding opportunity set
Now on demand
The private equity secondary market has surged, with transaction volume reaching a record $68 million in the first half of 2024 and set to more than double by year end.
Over the past 18 months, elevated interest rates have delayed distributions, prompting limited partners to seek liquidity in the secondary market. This has increased supply and driven attractive pricing. But as more secondary-focused funds enter the space and discounts begin to stabilize, investors will need to look further for compelling opportunities.
The U.S. middle market has become increasingly attractive, offering more relative value opportunities, thanks to its fragmented nature and strong structural tailwinds.
Join Chief Market Strategist Troy Gayeski, CIO of Portfolio Advisors Liz Campbell and Co-Head of LP Secondaries Justin Lux, as they discuss the factors driving middle market private equity and the expanding opportunity set in the secondary market.
Prepare your portfolio for the election and beyond
Now on demand
As the election nears, understanding the economic and market implications of public policy takes on added importance. Join FS Investments Chief Market Strategist Troy Gayeski and Head of Public Policy Jason Cole for an insightful discussion focusing on domestic and international policy, debt and deficit dynamics, economic implications, and how alternatives can help navigate uncertainty as election rhetoric reaches a fever pitch.
Politics, policy and markets: Breaking down the impact of the election
Now on demand
Policy uncertainty is creeping in, despite a strong economy in the first half of 2024 and soaring market valuations. As the election looms large, understanding the economic and market implications of public policy takes on added importance. Join FS Investments Chief U.S. Economist Lara Rhame and Head of Public Policy Jason Cole for an insightful discussion focusing on domestic and international policy, debt and deficit dynamics, economic implications, and how alternatives can help navigate uncertainty as election rhetoric reaches a fever pitch.
The Time for Middle Market Private Equity is Now
Now on demand | 1.5 CE Credits
As concentration risk in public equity markets continues to rise and valuations remain elevated, investors will likely need to look outside of public markets to meet investment goals. Private equity offers investors an increasingly attractive alternative solution for growth and diversification. While private equity can be a broad and fragmented landscape, funds focused on the U.S. middle market have seen strong performance, providing investors with direct access to the growth engine of the U.S. economy.
Market madness 2024: Today’s economic outlook
Now on demand
Sit courtside as Chief U.S. Economist Lara Rhame and Executive Director, Investment Research Andrew Korz discuss the economy, what’s in store for interest rates and alternative ways to navigate markets in 2024 (and maybe their NCAA championship predictions…).
2024 Macro and market update: Balancing optimism with challenges
Now on demand | 1.5 CE Credits
Join FS Investments’ Chief U.S. Economist Lara Rhame, Head of Credit Wealth Solutions Robert Hoffman, and Executive Director, Investment Research Andrew Korz as they discuss the economy, what’s in store for interest rates and alternative ways to navigate markets in the coming year.
Macro update: Soft landing vs. hard truths
Now on demand
While the economy continues to surprise to the upside, the impacts of lingering inflation, policy uncertainty, geopolitical turmoil, and shadow tightening pose mounting headwinds. Join FS Investments’ Chief U.S. Economist Lara Rhame and Director, Investment Research Andrew Korz as they discuss the economy, the path forward for rates and alternative ways to navigate markets in the coming year.
Bright spots and stormy skies: The economic outlook in this unique business cycle
Now on demand
Policy uncertainty, elevated inflation, and volatile markets require a different approach. Join Lara Rhame, Chief U.S. Economist and Bill Wolfe, Head of IBD & Hybrid RIA National Sales at FS Investments, as they take a look at how the asset management industry is navigating an unprecedented environment and finding areas for opportunity.
The Time for the Right Alts is Still Now
Now on demand
Old-fashioned bank runs and failures? Even before the recent failure of Silicon Valley Bank, markets have been overshadowed by economic and policy uncertainty, causing volatility and pressuring returns in both equities and fixed income. Join Troy Gayeski as he explores what these headwinds mean for traditional stock and bond portfolios over the next decade and how to address these challenges by looking beyond traditional assets to generate income, growth and diversification.
Macro outlook for 2023: Three big questions
Now on demand
Roaring inflation, hawkish Fed policies, and volatile markets require a different approach. Join Lara Rhame, Chief US Economist and Rob Hoffman, Head of Investment Research at FS Investments, as they take a look at how the asset management industry is navigating an unprecedented environment and finding areas for opportunity.
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More from our experts
Lara Rhame
Chief U.S. Economist,
Managing Director, FS Investments
Nationally recognized economist whose fresh take on macroeconomic trends helps inform and develop long-term views on the business cycle, financial markets and issues facing investors.
Help your clients take advantage of opportunities in alternative investments with our in-depth resources on essential asset classes, structures, overviews and more.
FS Investments is a global alternative asset manager dedicated to delivering meaningful performance and innovative investment solutions for a wide range of clients including institutions, financial advisors and individual investors.
With over $76 billion in assets, we offer access to a broad suite of alternative asset classes and strategies through our investment teams and partners.
