The new LP liquidity playbook: Secondaries, continuation vehicles and portfolio rebalancing in Asia

• Agnes Tang, Managing Partner, AB Value Capital Partners
• George Wu, Managing Director, CF Private Equity
• Ankita Baheti, Co-Head, Private Equity Investments Asia, Schroders Capital
• Desmond Lee, Partner, TPG NewQuest
• Christian Keiber, Founding Partner, Aquilius Investment Partners
• Kavitha Nair, Deputy Editor (Private Equity), DealStreetAsia [Moderator]

With IPOs and M&A exits taking longer to materialize, liquidity has become a defining challenge for Asia’s private capital industry. LPs are increasingly using the secondary market to rebalance portfolios and generate distributions, while GPs are turning to continuation funds, preferred equity and other structured solutions to return capital. This session explores how Asia’s liquidity landscape is evolving, what’s driving LP and GP activity, and whether alternative liquidity solutions will become a permanent feature of the region’s private capital market.