Asia-Pacific

More capital was raised for secondaries in the first six months of this year than any other first half since the strategy’s inception.

Sports-focused foundation joins a number of APAC institutions seeking liquidity via the secondaries market this year.

The average reported deal value per adviser went up $3bn from 2023, reflecting a surge in activity as secondaries activity hit historic levels in 2024.

This is at least the second time IDG has tapped the secondaries market for a CV deal, having previously completed a GP-led five years ago.

In addition to its largest round of partner promotions ever, the firm promoted eight new managing directors.

The utilisation of SPACs and manager consolidation had detracted the region’s attention away from the secondaries market, Jefferies’s head of Asia financial sponsors Lars Aagaard argues.

The secondaries market has been breaking records. In Orlando, PEI Group editors sat down with industry attendees for a series of video interviews to discuss the key trends shaping the market.

In the latest edition of our Second Thoughts podcast, Pomona’s chief executive Michael Granoff and Proskauer partner Galen Lewis discuss what’s driving LPs to the secondaries market and how uncertainty is impacting investment decisions.

Coller Capital’s latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

Jamie Hill and Michelle Cheh are both 10-year veterans of the firm.