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Understanding Today’s Secondary Market: 2025 Trends & Opportunities

After several years of growing attention, the secondary private equity market is in a new phase, one defined less by dislocation and more by competition.

In this episode of The Wealth Enterprise Briefing, Michael Zeuner, managing partner, sits down with Deputy CIO Matt Farrell to examine what's changed in 2025 and how families should evaluate current opportunities more selectively.

They break down how the market functions, where pricing pressure is showing up and why supply-demand imbalances are no longer tilting entirely in the buyer's favor. Matt explains that "...the ultimate return of the…

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