Asia-Pacific

Under the TPA an LP’s selling decision is more likely to be driven by opportunistic considerations, rather than breaches of asset allocation targets.

The firm hauled in $17bn across secondaries funds, evergreen vehicles and separate accounts in latest fundraising cycle.

Vehicles focused on the strategy collected nearly $166bn through final closes last year, marking a 48% increase on the prior biggest fundraising year.

The sale is expected to be the first in what could be a series of fund stakes offerings by the sovereign fund as it works to manage its portfolio.

GenBridge last week listed Chinese skincare brand Forest Cabin on the Hong Kong Stock Exchange.

GP-led deals in the region remained a fraction of the global market last year.

The continuation vehicle is the latest to receive a commitment from the sovereign wealth fund that continues to establish itself in the secondaries buyside.

This year saw mega fund closes with a number of specialist funds breaking records.

Here’s a look back at some of the most notable hires from the past year amid a fierce battle for talent across the secondaries market.

Secondaries Investor will be back on 2 January with more breaking news, analysis, data and insight on alternatives’ rapidly growing secondaries market.