What is stopping GP-led secondaries from taking off in Asia?

  • Nigel Ng, Vice President, TR Capital
  • Dominic Goh, Managing Director, HarbourVest Partners (Singapore) Pte Ltd
  • Yuliang Chen, Founding Partner, Bee Alternatives Limited
  • Fi Dinh, Managing Director & Head of Fund Finance APAC, MUFG Investor Services
  • Michelle Teo, Senior Journalist & (former) Managing Editor, DealStreetAsia (Moderator)

As the secondary market continues to grow to offer liquidity options for limited partners (LPs), APAC fund managers have started to get themselves involved in the so-called GP-led transactions.

Asia’s private equity AUM is still less than 30% of the global AUM for the asset class, offering room for different strategies to flourish. Furthermore, a sparse exit market, underperformance amid macroeconomic uncertainties, and additional capital requirements are some trends driving GPs to look at the secondary market.

However, GP-led deals in APAC are still scattered due to the complexities of the transaction in a largely untapped market.

What is the impact of GP-led transactions from both GP and LP perspectives?
Are the catalysts in APAC strong enough to accelerate GP-led deals?

This panel discussion among active secondary investors in APAC will uncover what it takes for GP-led transactions in the region to grow.