LGT Capital Partners' Pauline Wetter on private equity secondaries & exit activity
INTERVIEWSERIES
Pauline Wetter, Partner, LGT Capital Partners
November 2025
In this exclusive interview, Pauline discusses the drivers behind the slowdown in private equity (PE) exit activity and the growing role of secondaries in the PE landscape, including her key lessons learned over the years investing in secondaries and what it takes to achieve PE investing.
Watch the full interview which covers:
00:21 - Investors have been disappointed with the amount of distributions from PE over the last few years. What do you think are the main reasons for the slowdown in exit activity?
00:59 - How has the slowdown in exit activity affected the way you are building portfolios?
01:37 - What are the key pillars required to be successful in PE investing?
02:31 - Secondaries have become a big part of the PE landscape. Are you concerned the growth is unsustainable?
03:08 - What are the key lessons you’ve learned over the years investing in secondaries?
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Pauline Wetter, Partner, LGT Capital Partners
Pauline Wetter (French) is a Partner at LGT Capital Partners in Pfaeffikon, Switzerland. She is an investment committee member. Pauline is responsible for origination, due diligence, execution and monitoring of European secondary transactions, and she has an additional focus on primaries.
Prior to joining the firm in 2011, Pauline was an associate with Mooreland Partners in London, an investment banking advisory firm focused on the IT and telecommunications sectors.
Pauline holds an MSc in Management from ESCP Europe in Paris. She is fluent in English, French and German.
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