Emerging Markets

Three Asian secondaries funds closed on $600m in 2014, PEI's Research and Analytics division disclosed.

There's a new wave of supply in emerging market secondaries and buyers with local expertise are best placed to exploit these opportunities, says PineBridge's Valerie Chen (pictured), Cristina Alcaide and Amit Mahajan.

Zurich-based pension fund Nest Sammelstiftung initially committed $4.3m to Partners Group Emerging Markets 2011.

Madrid-based Altamar has a broad Spanish-speaking LP base and is currently analysing Latin America’s secondaries market, says executive directors Ignacio de la Mora and Miguel Echenique.

Direct secondaries are set to rise in Asia, where there are guaranteed exit options and more than 6 percent growth says Lucian Wu, the newly-appointed managing director in Auda’s Hong Kong office.

LPs aren't selling their stakes in African private equity funds because of risks like Ebola in West Africa, says EY's Graham Stokoe.

Neuberger Berman is in market with its 20th fund of funds and closed its third dedicated secondaries fund last year.

Few African funds are trading on the secondaries market and sources estimate the market could take between five and seven years to develop.

Finding the right secondaries deal in Asia isn't easy, but transparency can help ease the process, especially when it comes to GP restructurings, DeAWM head of Asia secondaries Jason Sambanju explains.

Actis Emerging Markets 3 invested in Brazilian cleaning products company Gtex and Egypt-based Commercial International Bank.