Asia

The secondaries pioneer's Beijing office opened in March and is led by Hong Kong-based partner and head of Asia Peter Kim.

The deal marks the second time in four months a large global investor has taken outside capital to free up its balance sheet.

Japan’s regional banks have been expected to be a key source of secondaries dealflow after piling into alternatives over the past decade.

Dominik Woessner, who was a director in Lazard's Singapore-based secondary advisory team, joined Thrive Alternatives in May.

The $500m continuation fund marks the entry of one of Asia's largest buyout shops, MBK Capital, into the GP-led secondaries market.

Tikehau Capital acquired Singapore secondaries firm Foundation Private Equity in July, having entered the credit secondaries market in 2019.

The sovereign wealth fund expects competition for attractive companies to remain intense or even accelerate.

Fundraising delays, rising demand in China for US dollar commitments and a backlog of pandemic-paused transactions are leading to more buying opportunities in Asia-Pacific.

The Hong Kong-based partner reflects on how debt secondaries are maturing in Asia-Pacific and his role in Ping An and Coller Capital's recent credit secondaries deal.

A team is spinning out of emerging markets specialist Capital Group with a portfolio containing unicorns including Didi and Gojek.