The secondaries market in Asia is increasingly gaining steam as both general partners (GPs) and limited partners (LPs) in the region are clocking deals in this segment with valuations becoming more attractive amidst macroeconomic headwinds.
“In the past, GPs were less willing to use secondaries as a tool to hold some of the high-quality assets, but today, that mindset has shifted,” Kerrine Koh, managing director and head of Southeast Asia at Hamilton Lane, told DealStreetAsia in an interview.