Assessing venture capital secondaries – on a direct or LP interest basis – presents a different set of challenges to private equity transactions. The key factors are transparency and timing of entry
NewQuest Capital Partners, which targets secondary direct transactions across Asia, wants to raise $500 million for its third pan-regional fund.
A host of pure-play and multi-strategy managers have allocated more resources to Asia in recent years to capture the nascent secondaries opportunity. The region if offering more but has yet to reach full maturity
Plenty of Chinese high net worth individuals want to sell LP interests in renminbi funds. Local and foreign secondaries managers would like to take advantage, but they are held back by an immature market
The message has always been: Look at what’s happening in the US and Europe to get an idea of what is likely to happen in Asia. The follow-up question: Okay, but when? The answer: Soon, but not yet.
Lexington Partners reached a final close on its eighth global secondaries fund at the hard cap of $10.1 billion. It is the largest dedicated secondaries vehicle ever raised.
All the talk of a swath of GP restructurings in Asia has yet to become reality. As India and China funds raised during the heady times inch closer to the 10-year mark, are we about to see a breakthrough?
Boutique investment bank Greenhill & Co. has agreed to buy Cogent Partners, a global financial advisor specializing in the private equity secondary market, for up to $97.6 million.
Harjit Bhatia has returned to Asia Growth Capital Advisors (AGCA) as executive chairman. He left the firm in 2012 to become managing partner and CEO at PineBridge Asia Partners.
Auda is scaling up its operations in Asia, opening a Shanghai office and making several new hires. CEO Ernest Boles, Head of Asia Jacob Chiu, and Managing Director Lucian Wu explain how they are addressing the opportunity
India has yet to fulfil its potential as a direct secondaries market as buyers and sellers fail to agree on valuations. A revival in investor sentiment hasn’t helped matters, but patience may eventually pay off
Lucian Wu, previously co-head of Asia at Paul Capital Partners, has joined Auda as a managing director.
Deutsche Asset & Wealth Management (DeAWM) has reached a first and final close on its third global secondaries fund at the hard cap of $1.655 billion.
Secondary deal flow has reached record breaking levels in 2014. Regulatory reform and economic recovery have helped, but that is not the whole story - the maturing market is arguably more important
Jason Sambanju, formerly co-head of Asia at Paul Capital Partners, has joined Deutsche Asset & Wealth Management (DeAWM) as head of Asia secondaries.
NewQuest Capital Partners has reached a final close of $316 million on its second pan-Asia fund, exceeding the $300 million target. The announcement comes as the secondaries specialist is poised to take private US-listed China Hydroelectric in a deal...
Secondary fundraising has reached new highs over the past year, signaling greater investor appetite for the asset class. What is driving the demand and who is likely to benefit?
David Pierce, previously a partner at FLAG Squadron Asia, has been appointed managing director and head of Asia at Harald Quandt (HQ) Capital.
Japanese secondaries investor WM Partners (WMP) has completed the debut transaction from its first fund, acquiring a 12% interest in B2B marketing platform Shanon.
Ardian, known as Axa Private Equity until it spun out last year, has raised $9 billion for its latest global secondaries fund.
Pomona Capital has reached a final close on its eighth global secondaries fund at the $1.75 billion hard cap. The vehicle, which had a target of $1.3 billion, was substantially oversubscribed.
Paul Capital’s Hong Kong office is among those that will close as the secondaries specialist winds down its global operations. This follows the reported breakdown of a sale to Hamilton Lane.
Ironbridge Capital has dropped its proposed stapled secondary transaction that would have allowed investors to exit or rollover their positions into a new vehicle with the option of making a commitment to a new primary fund. AVCJ understands the deal...
Secondary restructuring opportunities are on the rise in Asia, but investors are wary of giving managers fresh primary capital on top. Deal flow is hard to source, even harder to execute, and highly bespoke