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Episode 131: GP-Led Secondaries in Lower Middle Market, With Chris Lawrence
Episode 13120th May 2026 • The Corner Series • McGuireWoods
00:00:00 00:23:43

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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.

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☑️ Chris Lawrence | LinkedIn

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☑️ Geoff Cockrell | LinkedIn

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