Welcome to PE2 Insight

Why This Blog Exists:

After years of working in the industry — including time at one of the leading secondaries firms — I saw a clear gap: secondaries are under-discussed, under-explained, and misunderstood, even by many within the broader private equity community.

What began as a niche solution for LP liquidity has evolved into a strategic tool used by both LPs and GPs to actively manage portfolios, extend holding periods, and create liquidity where it’s needed. More capital is being raised, more firms are entering the space — yet accessible, structured resources remain limited.

I started PE2 Insight because I’ve been in that position. When preparing for secondaries interviews, I struggled to find content that actually explained how these deals work — how to analyze a continuation fund, how pricing is determined, how to think about risk. Most resources were either too academic or too vague.

This blog is my attempt to close that gap and create the kind of resource I wish existed when I started.

What You’ll Find Here:

• Clear breakdowns of secondaries strategies: LP-led, GP-led, strip sales, tender offers, preferred equity, structured deals
• Career & interview prep: guides for breaking into secondaries
• Tactical tools: templates, valuation guides, diligence checklists, LP downloads
• Data insights: pricing trends, NAV discounts, vintages, exits
• Real-world lessons from the deal table: what works, what doesn’t, and why nuance matters

Coming Soon:

• Understanding Secondaries: A practical guide to how secondaries operate, how performance is measured, and how to assess real-world deals using core metrics and strategic frameworks.
• Interview Prep Guides: Technical walkthroughs, modeling tasks, and continuation fund questions
• Case Study Deep Dives: Real-world examples unpacking fund mechanics and outcomes
• Assessment Frameworks: Tools for evaluating fund quality, GP alignment, and downside protection
• Allocator Angle: What LPs look for when assessing secondaries funds — from risk to liquidity