About this episode

Chris Lawrence discusses GP-led secondaries and their role in the private markets.

The secondary market has grown to roughly $220 billion as GPs and LPs scramble for liquidity in a private markets cycle stuck in a “worse distribution profile” for three and a half years. Chris Lawrence , managing partner at Labyrinth Capital Partners, joins McGuireWoods partner and host Geoff Cockrell to demystify GP-led secondaries. Chris breaks down continuation vehicles, strip sales and fund restructurings. He explains why secondary pricing ranges from par to as low as 72 cents on the dollar and makes the case that GP-leds are now a mature, institutionally accepted portfolio management tool. Connect and Learn More ☑️ Chris Lawrence | LinkedIn ☑️ Labyrinth Capital Partners on LinkedIn ☑️ Geoff Cockrell | LinkedIn ☑️ McGuireWoods | LinkedIn | Facebook | Instagram | X ☑️ Subscribe Apple Podcasts | Spotify | Amazon Music This podcast was recorded and is being made available by McGuireWoods for informational purposes only. By accessing this podcast, you acknowledge that McGuireWoods makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in the podcast. The views, information, or opinions expressed during this podcast series…

People in this episode

Host: Geoff Cockrell

Guest: Chris Lawrence

Topics covered

• GP-led secondaries
• private markets
• liquidity
• portfolio management
• fund restructurings

Keywords

• GP-led secondaries
• continuation vehicles
• strip sales
• fund restructurings
• secondary pricing

Mentioned in this episode

Organizations: Labyrinth Capital Partners, McGuireWoods

More episodes of The Corner Series

• Episode 135: The Thaw Has Arrived in Provider Services M&A, With J. Kyle Brown · July 15, 2026 · 20 min
• Episode 134: Healthcare Compliance as a Deal Asset, With Wiks Moffat · July 8, 2026 · 15 min
• Episode 133: One Portal for Every Perinatal Journey, With Ian Gardner · June 17, 2026 · 20 min
• Episode 132: Navigating Nuances of Life Sciences Post-Closing, With Amy Cassalia · June 3, 2026 · 22 min
• Episode 130: Oncology and Retina: Follow the Drug Spend, With Jeanne Proia · May 6, 2026 · 21 min
• Episode 129 Special Crossover Edition: McGuireWoods Healthcare PE Conference Preview · April 23, 2026 · 22 min

Explore listener stats, chart rankings, contacts and more on the The Corner Series podcast page.