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Alex Lynn
Moonfare already has strong ties to the secondaries market, having partnered with Lexington in 2021 to help users sell their fund stakes.
The firm has appointed Michael Hu, a former managing director at Ardian, to lead its regional investment and business development activities from its new office in Singapore.
Cathay Life and some of its fellow Taiwanese insurers have been pulling back from private markets due to current and impending regulatory capital requirements.
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.