Secondaries: Will this be the decade of capitalisation?

  • Eric Tam, Managing Director, Blackstone Strategic Partners
  • Michael Hu, Managing Director and Head of Asia, HQ Capital
  • Javad Movsoumov, Managing Director, Head of APAC PFG, Singapore, UBS
  • Pimfha Chan, Correspondent, Singapore, DealStreetAsia (Moderator)

The private equity secondary market has undergone significant transformations in recent years, largely driven by evolving market dynamics and the innovative strategies of GPs and LPs.
Although secondaries remain small there are reasons to believe they will scale going forward.
With private capital seeking innovative liquidity solutions and high-net-worth individuals drawn to alternative investments, the stage is set for a surge in market activity.
The current environment—characterised by slow IPO re-openings, high interest rates, and a growing appetite for diversification—further underscores the potential for secondaries to gain prominence. If these trends continue, this could be the decade when secondaries reach their full potential.