Asia-Pacific

Heightened supply and the climbing cost of credit mean the pricing for infrastructure secondaries is increasingly attractive for buyers.

Presenting the winners in four secondaries categories across the Asia-Pacific region last year in affiliate title Private Equity International’s annual PEI Awards.

Is $1trn in annual deal volume achievable? What does the increase in new entrants to the single-asset buyside herald? Why do some firms not like leading deals? All questions up for discussion in Orlando next week.

Here’s what you should know about China’s booming LP-led market, nascent GP-led market and the challenges faced by international investors eyeing the opportunity.

Virginia Retirement System and the State of Wisconsin Investment Board were among the most active LPs making secondaries investments last year.

Ares Management data, shared with Secondaries Investor, shows deal volume for the asset class fell 21% in 2023 from the record $12.4bn clocked the year prior.

The RMB fund targets Chinese LPs and aims to hold its first close this year.

Blue Earth’s secondaries strategy – part of its soon-to-launch multi-strategy fund – has just acquired a portfolio of fund stakes from a UK development finance institution.

Lexington Partners, Strategic Partners and Goldman Sachs Asset Management played a pivotal role in driving fundraising in the secondaries space last year.

Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.