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Alex Lynn
GP-led activity is picking up thanks to a decline in exit activity during the pandemic and rising familiarity with the practice.
The firm has held the final close and first close on its latest venture capital and private equity secondaries funds, respectively, according to chief executive Scott Hart.
Stephen Whatmore, head of global private capital at the $69bn Australian investor, discloses how it decides whether to roll or sell in GP-led processes.
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.