Alex Lynn
China funds are trading at a 50% discount to NAV even after a decline in private markets valuations, according to managing director Kent Chen.
The firm this week opened an office in Singapore, its sixth in the Asia-Pacific region and 27th globally.
Crescent Capital Partners is moving an Australian healthcare recruitment business into a separate vehicle.
A mismatch between the supply of potential deals and the number of institutional buyers has given Schroders significant 'bargaining power', says Jun Qian, the firm's head of China PE.
Separately managed accounts have unique characteristics that make secondaries trades trickier than those involving commingled funds.
The $173bn institution is offloading PE stakes via secondaries as it looks to deploy more capital into directs, global PE head Jim Pittman says.
Delegates at the HKVCA's China Private Equity Summit on Tuesday heard that the bar for Chinese assets has risen amid regulatory, political and economic uncertainty.
Aquilius founder Bastian Wolff spent 15 years at Partners Group, including most recently as head of Asia private real estate, while fellow founder Christian Keiber was previously a managing director in Blackstone’s Asia PE team.
PEI’s latest GP-led Secondaries Report explores a market that continues to break new ground, despite 2022’s apparent slowdown.
The asset manager will pursue yuan-denominated LP-led and GP-led transactions from a discretionary pool of client capital, according to Asia co-head Mingchen Xia.