Alex Lynn
The buyout firm is considering using the secondaries market to help it avoid overstepping concentration limits.
Charles Wan, whose departure from Atlantic Pacific was reported in January by Secondaries Investor, will hire up to six people to cover Asia on a primary and secondary basis.
Representatives from Campbell Lutyens, Partners Group and CalSTRS were among last year’s most quotable denizens of private equity.
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.
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 new entity – Bee Alternatives – plans to raise approximately $280m across two feeder funds, one managed by the firm and another by Ant Capital.
TR's deal uses China’s QFLP structure, which permits select foreign managers to invest onshore in yuan using capital raised offshore.
Buhuo is the latest Chinese GP using secondaries to raise capital from what is perceived to be a more stable LP base than those at home.
Metropolitan's new owner BentallGreenOak is known within the real estate world for an unconventional diversity, equity and inclusion policy.