Asia-Pacific

The new entity – Bee Alternatives – plans to raise approximately $280m across two feeder funds, one managed by the firm and another by Ant Capital.

Track the development of this rapidly evolving deal type with Secondaries Investor’s exclusive interactive map.

GIC is the world’s second-biggest private equity investor with at least $43bn committed to private equity, secondaries, private credit and distressed debt.

Let us know who deserves to be recognised in our sixth annual ranking of the most impressive secondaries professionals under 36.

The Hong Kong hire comes after the appointment in January of Jolie Chow as head of PJT’s dedicated Asia secondaries team.

The $74bn alternatives manager is seeking approval for another office in the region, its 11th worldwide.

TR’s deal uses China’s QFLP structure, which permits select foreign managers to invest onshore in yuan using capital raised offshore.

Legend Capital raised $270m for a transaction involving Chinese healthcare assets from two older funds.

The Swiss asset manager’s private real estate Asia team has 20 professionals executing primary, secondaries and direct investments.

Investors in Hopu Masterfund II can roll into a continuation fund with real estate investor and operator GLP China or sell their stakes in a deal that could be worth as much as $2bn.