After several years of rapid growth, secondaries volumes slowed in the first half of 2016, while fundraising reached an all-time high. Opinion is divided on the prospects for an increasingly nuanced market
Hamilton Lane has closed its latest global fund-of-funds at $516 million, exceeding a target of $400 million on the back of strong international investor interest.
Asian secondaries players are counting on an explosion in demand for alternative liquidity solutions over the next few years, but cutting deals in this niche market requires a nimble approach
South Korea’s Government Pension Investment Service (GEPS) is looking to make two commitments – of $50 million apiece – to overseas GPs operating co-mingled global secondaries funds.
Over the past three years, Standard Chartered has completed Asia’s largest secondary direct deal and put its PE unit in a position to raise fresh capital. But it is not necessarily a harbinger of things to come
Partners Group has closed its sixth dedicated private equity secondary program at the hard cap of EUR2.5 billion ($2.8 billion).
Direct secondaries specialist NewQuest Capital Partners has reached a first close of just over $500 million on its third fund, beating the initial target for the entire vehicle.
Tracxn, an India-based start-up data analytics platform backed by SAIF Partners, has launched an online platform to help angel investors find exit opportunities from start-ups.
Australia’s Future Fund exited A$1 billion ($712 million) worth of fund positions from its private equity portfolio last year, with Canada Pension Plan Investment Board (CPPIB) picking up the assets.
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.