Asia-Pacific

PEI caught up with StepStone CEO Scott Hart and partners Vincent Hsu and Adam Johnston to discuss the firm’s decision to open a Singapore office this week.

The VC unit will consider re-opening JP Fund I to test international appetites before launching its second Japanese fund of funds later this year, PEI understands.

VMS Group is aiming to raise at least $100m by final close to pursue global AI opportunities.

GPs are finding more varied ways to provide liquidity to their LPs, according to Capstone’s latest Liquidity Solutions Survey.

Market participants give their predictions for the secondaries market, noting that the amount of dry powder available will limit activity and leave buyers able to cherry-pick transactions.

GP stakes, healthcare and Middle Eastern investors will be front of mind for Asia-Pacific markets in 2024.

Though GP stakes transactions have been few and far between in the region, a growing number of participants are setting up shop in APAC.

With interest rates showing no signs of coming down, PE firms are finding ways to work around the new normal.

As the year draws to a close, the PEI editorial team gathers its top predictions for 2024. Expect to see more AI, semi-liquids and GP stakes as the year pans out.

Hazman Hilmi Sallahuddin, CIO of Malaysia's $39bn Kumpulan Wang Persaraan, tells PEI what exposure it wants to add to drive higher, more sustainable returns.