EP 31 - Alternative Investments: Private Equity and Secondary Markets Explained
Episode Description:
There are half as many public companies today as there were 25 years ago, and the ones that do go public are taking roughly twice as long to get there. SpaceX was founded in 2002 and didn't list until 2026. So where has all that company-building been happening?
Rich talks with Ian Forman of Ardian, a firm that manages or advises an estimated $200 billion, about where all that business activity went, and why a type of investing that used to be limited to pension funds and the very wealthy is now showing up in more ordinary portfolios.
What you'll learn:
What "quarterly liquidity" means in an evergreen or interval structure
The four questions to ask before you'd ever consider private equity
Why "I can never get my money out" is the most common misunderstanding
Access has widened, though eligibility requirements still apply. Nothing here is a recommendation, it's a conversation about how the landscape is shifting and how everyday investors can participate.
About Our Guest:
Ian Forman joined Ardian in 2023. He is responsible for developing relationships and fundraising through the Private Wealth channel. Prior to joining Ardian, Ian served as a Regional Director at Baron Capital for nine years. While at Baron, he developed and managed advisory relationships through various intermediary channels including wirehouses, regional/national banks and independent broker dealers. Before his tenure at Baron Capital, Ian worked at JPMorgan for five years as a private banker. Education: B.S. in Finance from the University at Buffalo I M.B.A. from Binghamton University I Certified Investment Management Analyst (CIMA) designation
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