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HONG KONG (Reuters) – Swiss private equity firm Partners Group has launched its latest secondaries strategy fund worth up to $12 billion, betting on growing deal flows in the secondaries space, its chairman of Asia said on Tuesday.
The private equity secondaries market allows investors in private equity funds and private companies to make early exits to free their capital and has become increasingly popular in recent years.
“We see much bigger deal flows on the secondaries side, which is why we just launched our number eight private equity secondaries strategy (fund),” said Kevin Lu, partner and chairman of Asia for Partners Group during the Milken Institute’s inaugural Global Investors’ Symposium in Hong Kong.
“It is going to be a $10-$12 billion strategy (fund), bigger than the last fund,” Liu added.