Secondaries

SQ Capital, founded by Mustafa Siddiqui, will focus on mid-market secondaries opportunities.

Quilvest Secondaries Fund will primarily target GP-led transactions, though it will include a pocket for shorter duration opportunities, affiliate title Secondaries Investor understands.

Secondaries professionals and LPs dust off their crystal balls to give their views on what will drive the market over the next 12 months.

The secondaries market anticipates 2024 will be a record year for volume, with first-half figures coming in at between $68bn and $72bn.

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

Record activity in the secondaries market has led to a surge in semi-liquid vehicles.

Eastman Kodak's sale of a portfolio of illiquid fund stakes to Mastercard Foundation suggests further corporate LPs may come to the secondaries market as they go through structural shifts.

While continuation funds are increasingly common liquidity solutions, not all of them are delivering the appropriate returns, according to Cari Lodge, head of secondaries at Commonfund.

Many large private equity investors have been diversifying beyond traditional buyouts to pursue more attractive returns.

Private equity firms made a raft of strategic hires in 2024 amid rising excitement about the lucrative Asia-Pacific wealth opportunity.