Private Market Secondaries: The $225 Billion Market Many Wealth Investors Overlook

Private Market Secondaries: The $225 Billion Market Many Wealth Investors Overlook

May 19, 2026 · 23 min

About this episode

The episode discusses the evolution and significance of private market secondaries in modern investment portfolios.

On this episode of the View From Apollo’s Allocation Insights series, Alex Wright and Diana Sands are joined by Partner and Co-Head of Apollo's Sponsor & Secondary Solutions business Steve Lessar to discuss how private market secondaries have evolved from a niche liquidity tool to a core allocation of modern private market portfolios, which can offer immediate exposure to mature assets and attractive risk-adjusted return potential.

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