Asia-Pacific

The sale included a core portfolio as well as another bundle of fund interests offered to buyers, Secondaries Investor understands.

Australian VC secondaries specialist SecondQuarter sees a multi-billion-dollar gap in the local market, managing partner Ian Beatty told Secondaries Investor.

Though India’s secondaries market remains comparatively nascent, its development has been bolstered in recent years by a confluence of regulatory changes, favourable market conditions and successful case studies.

The firm reportedly paused a multi-asset CV involving this asset in 2023.

With more players and larger funds, the secondaries market is seeing a lot of CVs north of $1bn. The long-term growth of sizeable deals requires significant backing.

January through the end of September this year saw 59 known continuation vehicles close, most of which were single-assets, according to data gathered by Secondaries Investor.

The ‘structural dislocation’ in the APAC secondaries market will create opportunities for dedicated players, Aquilius’ new head of PE secondaries tells Secondaries Investor.

The British GP has relocated a senior executive to lead the Singapore desk and added two staff to support him amid asset managers’ growing focus on targeting wealthy clients.

Founder Ron Dickerman expects his firm will begin deploying capital next year amid a ‘very intriguing’ time to explore real estate secondaries in the region.

Growth in the retail space could come to the detriment of traditional LPs and their investment interests, says the Institutional Limited Partners Association.