Asia-Pacific

Khazanah joins a number of APAC sellers this year, with Malaysia’s EPF and China Investment Corp also looking to offload portfolios.

A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.

A large portion of secondaries investors expect to increase ticket sizes this year, according to a snapshot report.

The investment banking arm of Japanese financial services conglomerate Daiwa Securities Group previously said it was shutting its France office.

French banking giant Natixis and its affiliate Flexstone see the secondaries market as a potential way to grow third-party capital.

The deal marks another notable transaction by a Taiwanese insurer following Fubon Life’s over $1bn sale of a private market portfolio.

Flexstone Partners Asia Selection III is now fully subscribed for by the firm’s majority shareholder, Natixis Investment Managers, and will invest its capital over the coming years, chief executive Eric Deram tells Secondaries Investor.

Part of the portfolio, which includes exposure to Advent International and Antin Infrastructure Partners, was picked up by Hamilton Lane.

Last quarter saw 11 continuation vehicles close, with a dozen more hitting or looking to hit the market, according to data gathered by Secondaries Investor.

The fund of funds specialist believes China could present interesting secondaries opportunities given a lack of buyer interest, managing partner Alex Sao Wei Lee said.