# Are GP-led secondaries the answer to PE’s liquidity gap?

## Learn about alternative paths to liquidity for private market investors in Carta’s free whitepaper.

The private secondary market is experiencing explosive growth—largely fuelled by the rise of GP-led secondaries, which accounted for 47% of all private secondary activity in H1 2025. These transactions offer LPs an alternative path to liquidity when traditional exits, like IPOs and M&As, are delayed or unavailable.

So, how are GP-led secondaries helping to fill the liquidity gap in private equity?

Our new whitepaper offers key insights into this rapidly expanding segment, covering:

- The differences between GP-led and LP-led secondaries
- The benefit of these transactions for GPs, and the reasons behind their rise in popularity
- Considerations for investors when assessing or structuring GP-led transactions

[Learn More](link_to_detailed_info)