Secondaries

While deal volume figures from earlier this year looked gloomy, data from the third quarter suggests activity may be picking up.

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

ChrysCapital closed a roughly $700m continuation vehicle last year to house its stake in the National Stock Exchange of India.

Secondaries buyers have been eyeing both RMB- or USD-denominated opportunities in China as managers contend with a dearth of exits, investment principal Karen Tse tells affiliate title Secondaries Investor.

Khazanah joins a number of APAC sellers this year, with Malaysia's EPF and China Investment Corp also looking to offload portfolios.

The fund of funds specialist's next Opportunity fund may include an ex-China sidecar to reflect shifting LP appetites, managing partner Alex Sao Wei Lee tells PEI.

The region could see renewed appetites for Southeast Asia, a burgeoning IR community in East Asia and new pockets of secondaries opportunities next year.

Southeast Asia, once touted as the continent’s next big thing in private equity, is struggling to live up to expectations. What’s holding the region back?

Advent is among a group of PE powerhouses including Clearlake and Vista that are exploring CV processes for their software companies.

The market’s largest legal advisers worked on more than $800bn of transactions last year, marking their second busiest annual period.