Asia-Pacific

Speaking at the HKVCA’s Greater China PE Summit on Monday, Lexington director Niklas Risberg said buyers require discounts and strong GP alignment to get comfortable with the region’s higher level of risk.

HarbourVest Partners, LGT Capital Partners and Pantheon backed a $700m single-asset transaction involving the National Stock Exchange of India.

The country’s official cabinet has published a nine-point circular to ‘strengthen supervision’ on capital markets, including updates on listing process and delisting regulations.

The innovative transaction involves StepStone providing funding for MLC Private Equity’s seed portfolio and additional capital for its new investments.

The US has traditionally dominated the real estate secondaries market, but Europe and Asia are poised to make up ground.

The Singapore-based fundraising platform is seeking to co-launch a secondaries fund alongside experienced GPs that will target individual investors.

Shin Kong Life’s portfolio sale comes just weeks after Cathay Life sold $1.2bn of fund stakes to HarbourVest, as impending regulatory changes prompt insurers to rethink their private markets exposure.

The firm has appointed Michael Hu, a former managing director at Ardian, to lead its regional investment and business development activities from its new office in Singapore.

Cathay Life and some of its fellow Taiwanese insurers have been pulling back from private markets due to current and impending regulatory capital requirements.

Continuation vehicles across different geography, size and industry of underlying assets have generated similar return multiples.