Ep. 148: Dustin Ackerman, Future Standard | Mid-Market Secondaries and Growth at a Reasonable Price

Podcast: Private Equity Value Creation Podcast · Gordon Cheng

Opublikowano: 2026-09-29

On this episode, Dustin Ackerman, Managing Director at Future Standard, joins Shiv Narayanan to discuss secondaries and backing GPs, including how to turn existing sponsor relationships into a steady investment pipeline. Learn why focusing on portcos under $1 billion in enterprise value can mean less competition on price, cleaner cap structures and clearer exit paths, and how the GARP framework—growth at a reasonable price—separates real growth from margin sacrificed to chase it.Hear how secondaries are split between LP-led and GP-led in today's market, and why repeat sellers are treating continuation vehicles as a portfolio management tool. Learn why exit...