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July 6th, 2026

Not All Secondaries Are Created Equal: Hidden Legal Risks Explained

Thinking about a secondary transaction? Not so fast. Even if the deal looks clean, the portfolio company’s governing documents may secretly limit or block your transfer. In this clip, Nick Cassin explains why you need the right legal advice and how broad “transfer” language can expose you to risk you didn’t see coming.

Watch the full episode and subscribe at www.swimmingwithallocators.com.

Swimming with Allocators is a podcast that dives into the intriguing world of Venture Capital from an LP (Limited Partner) perspective. Hosts Alexa Binns and Earnest Sweat are seasoned professionals who have donned various hats in the VC ecosystem. Each episode, we explore where the future opportunities lie in the VC landscape with insights from top LPs on their investment strategies and industry experts shedding light on emerging trends and technologies. Follow along and subscribe at swimmingwithallocators.com.