Blog

Secondary Market Participants in Asia and Rest of World

by Antonia Lee

  • 13 Oct 2011
  • PE

The secondary market attracts interest from investors on a global scale. Preqin is currently tracking 74 investors based in Asia and Rest of World that are interested in purchasing private equity or real estate fund stakes on the secondary market over the next 12 months. These investors account for just over 11% of all secondary market buyers. Australian-based investors make up the largest portion (18%) of all secondary market buyers in Asia and Rest of World. Hong Kong-based investors follow shortly behind as they make up 14% of secondary market buyers in this region. Investors located in Singapore also make up a significant portion at 12% of secondary market buyers located in Asia and Rest of World. One Singapore-based institution looking to gain exposure to private equity funds via the secondary market is Government of Singapore Investment Corporation (GIC). It is known to have purchased secondary stakes in the past and also gains exposure through secondaries funds.

Preqin’s database also contains profiles for 28 investors based in Asia and Rest of World that are potentially looking to sell private equity or real estate fund interests, making up 10% of all potential secondary market sellers. Japanese and Australian investors are the biggest players in the secondary market on the sell side, each accounting for 14% of investors located in Asia and Rest of World looking to sell fund stakes. One Japanese investor that is known to have recently made a secondary market sale is Mizuho Corporate Bank. It is reported to have sold $500 million worth of buyout fund stakes to AXA Private Equity.

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