Patrick A. Calves, Partner, Fund Finance, Cadwalader, Wickersham & Taft.
Patrick A. Calves, Partner, Fund Finance, Cadwalader, Wickersham & Taft.
Secondaries Outlook: A market all grown up
Published: Apr 22, 2025

Patrick Calves, Partner at Cadwalader, explores how secondaries have evolved from a niche liquidity tool into a proactive strategy, driving increased use of debt and leverage in fund finance.