One World Trade Center, Suite 8500
New York, NY 10007
Adam Augusiak-Boro
About Tap
Tap is a technology company that is transforming the secondary market for private funds. Combining proprietary data with dedicated capital and world class expertise, the company works with LPs and GPs all over the world to streamline the buying and selling of LP interests in any asset class and of any size. Tap is the largest LP secondaries technology platform with 3,000 bids submitted monthly, $30B in open interest, and a team that has executed $5B across 200+ secondary transactions. Tap is built by a team from firms including Evercore, Bloomberg, Goldman Sachs, Campbell Lutyens, and Carta.
Q4 2023 PE Secondary Market Preview - Money is flowing in secondaries, but for how long?
In Q3 the economic environment achieved a certain goldilocks zone, with inflation on a path to more acceptable levels and economic growth appearing reasonably strong. This has led to stability in public equities and enabled good price discovery in private markets, which in turn facilitates secondary transactions going into Q4.
Secondaries with Jeff Leathers of Tap
Today's topic is buying and selling private funds in secondary markets. We're joined by Jeff Leathers, co-founder and CEO of Tap. Tap is an electronic trading platform for private funds, and one of our newest members.