Secondaries Investors in Asia

Adams Street Partners is a leading global private markets investment manager headquartered in Chicago. Established in 1972, the firm has over five decades of experience in private equity, offering a comprehensive suite of investment strategies including venture capital, growth equity, buyouts, private credit, and secondary investments. The firm is 100% employee-owned, fostering a culture of alignment and long-term commitment to its clients. With a presence in more than 30 countries across five continents, Adams Street Partners leverages its extensive network and deep industry insights to identify and capitalize on investment opportunities. The firm's global footprint includes offices in key financial centers such as Austin, Beijing, Boston, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, Tokyo, and Toronto, enabling it to maintain close relationships with portfolio companies and investors worldwide. Managing approximately $62 billion in assets under management, Adams Street Partners serves a diverse client base comprising corporate and public pension plans, foundations, family offices, and endowments. The firm's commitment to excellence and innovation in private markets investment management has solidified its reputation as a trusted partner for institutional investors seeking long-term value creation.

Aquilius Investment Partners is a private equity firm based in Singapore, specializing in secondary investments and GP-led transactions across the Asia-Pacific region. The firm focuses on unlocking liquidity and long-term value in private markets, supporting both fund managers and limited partners through customized secondary solutions. Aquilius positions itself as a long-term partner to institutional investors, delivering flexible capital and strategic support. Founded by a team of seasoned private equity professionals, Aquilius brings deep regional expertise and a disciplined investment approach. The firm targets high-quality private equity assets with strong fundamentals and aims to build a diversified portfolio across geographies, sectors, and strategies. By leveraging its extensive network and rigorous due diligence process, Aquilius identifies opportunities that offer attractive risk-adjusted returns. Aquilius emphasizes transparency, collaboration, and alignment of interests with its partners. The firm is committed to responsible investing, incorporating ESG considerations into its investment process. With its regional focus and institutional backing, Aquilius seeks to bridge the liquidity gap in Asia’s growing private equity ecosystem, enabling long-term value creation for all stakeholders.

Ardian is a leading global private investment house headquartered in Paris, France. Founded in 1996 by Dominique Senequier as AXA Private Equity, the firm became independent in 2013 and rebranded as Ardian. Today, it is majority-owned by its employees, reflecting a commitment to long-term alignment with clients and stakeholders. With over $176 billion in assets under management or advisement, Ardian operates across private equity, real assets, and credit. Its private equity expertise includes buyouts, expansion capital, and secondaries, while its real assets portfolio encompasses infrastructure and real estate investments. Ardian also offers customized solutions tailored to institutional and private wealth clients. Ardian maintains a global presence with 19 offices across Europe, the Americas, Asia, and the Middle East, employing over 1,050 professionals. The firm's investment approach emphasizes sustainability, innovation, and value creation, aiming to support companies in achieving long-term growth and positive impact.

Bonaccord Capital Partners is an investment firm specializing in GP stakes for the middle market. The firm connects strategically-minded institutional investors with exceptional mid-market private markets sponsors through strategic equity partnerships. Their core focus involves acquiring non-control equity interests in established private markets sponsors across various strategies, including private equity, private credit, real estate, and real assets. Bonaccord aims to deliver private equity returns with a defensive risk profile, characterized by elevated yield, capital stability, and long-term capital appreciation, while also supporting broader portfolio objectives through their partnerships.Founded in 2017, Bonaccord Capital Partners was initially part of Aberdeen Standard Investments before being acquired by P10 Holdings, Inc. in October 2021. The firm was established with the goal of providing growth capital and strategic support to mid-market private markets sponsors, helping them achieve institutionalization, growth, succession, and diversification. They leverage their strategic relationships, institutional capabilities, and strategic development expertise to support transformative initiatives, enabling their portfolio companies to reach their full potential and build enduring institutions.Bonaccord Capital Partners has made numerous strategic investments in a diverse range of private market sponsors. Notable investments include a minority stake in Prime Finance, a leading commercial real estate credit platform, and increased minority investments in Park Square Capital, an independent private credit investor. Other investments span across various private equity and specialized finance firms such as Kingswood Capital Management, Monroe Capital, MSouth Equity Partners, Spear Street Capital, AE Industrial Partners, Trivest Partners, Shamrock Capital, VMG Partners, Synova Capital, Revelstoke Capital Partners, Kayne Anderson Private Credit, and Lead Edge Capital.The firm boasts a well-established team with diverse capabilities and long-standing continuity. Key team members include Managing Partner Ajay Chitkara, who has overall responsibility for the business and is a member of the investment committee, and Partner Bradford Pilcher. The team's expertise spans various aspects of private markets, with individuals like Chris Lerner focusing on leading Bonaccord's activities in Asia, demonstrating a global reach and specialized knowledge across different regions and asset classes.

Coller Capital, established in 1990 by Jeremy Coller, is a pioneering specialist investor in the secondary market for private assets. With over 30 years of experience, the firm has helped industrialise secondaries into a mainstream asset class and remains a trusted partner for institutional and private investors worldwide. The firm operates flagship private equity secondaries funds (Coller International Partners I–VIII) alongside private credit secondaries vehicles like Coller Credit Opportunities I & II. As at March 31, 2025, its assets under management total approximately USD 40 billion. Coller consistently delivers through innovation, rigorous ESG integration, and deep sector expertise. Coller Capital employs around 318 professionals across global hubs including London, New York, Hong Kong, Zurich, Seoul, Luxembourg, Melbourne, and Montreal. Its culture is rooted in diversity, thought leadership, responsible investing and client partnership. The firm is widely recognised for its industry awards and thought-leadership initiatives.

Crestline Investors is a prominent alternative investment management firm that specializes in providing creative capital solutions across various market and economic cycles. The firm employs a multi-strategy approach, offering expertise in specialty sectors and business lines to identify opportunities throughout the capital structure. Their core offerings include Capital Solutions, Direct Lending, and Fund Liquidity Solutions, catering to a diverse range of clients from underserved middle-market companies to mature private equity funds.Founded in 1997 by Doug Bratton, Crestline Investors has grown into an institutional alternative investment manager with a global presence. The firm was established with a focus on credit and opportunistic investments, initially managing an absolute return asset allocation for members of the Bass family. Over the years, Crestline has expanded its capabilities to include a broad suite of investment solutions, aiming to deliver consistent risk-adjusted returns through its credit expertise and innovative products.Crestline's investment focus spans a wide array of industries, including business services, consumer, digital infrastructure, education, healthcare, industrials, real estate, and technology. They provide flexible financing solutions such as senior debt, structured equity, unitranche, and second-lien opportunities. Notable activities include providing NAV loans to real estate funds and credit facilities to various businesses, demonstrating their commitment to supporting growth and facilitating strategic transactions for their portfolio companies.The firm's team comprises seasoned investment professionals with extensive experience in investment banking and alternative investments. They leverage a specialized industry approach and an experienced advisor network to identify value and act as a valued-added resource for companies. Crestline's global reach extends to sophisticated institutions, family offices, and high-net-worth individuals across North America, Europe, and Asia, with offices strategically located to serve these markets.

Crestline Investors is a premier alternative investment manager specializing in providing creative capital solutions across various market and economic cycles. The firm offers a multi-strategy approach, including Capital Solutions, Direct Lending, Fund Liquidity Solutions, and Derivative Solutions. Their Capital Solutions range from senior debt to structured equity for underserved middle-market companies, real estate lending, and specialty finance programs. Direct Lending focuses on flexible senior debt for lower-middle and middle-market businesses, encompassing senior secured, unitranche, and second-lien opportunities. Crestline also provides bespoke NAV finance solutions to mature private equity funds through its Fund Liquidity Solutions.Founded in 1997 by Douglas K. Bratton, Crestline Investors, Inc. is an institutional alternative investment management firm headquartered in Fort Worth, Texas. Mr. Bratton, who serves as Founder and Executive Managing Director, has extensive experience in alternative asset strategies, including hedge fund management, credit strategies, private equity, and venture capital. The firm has grown significantly since its inception, managing substantial assets for sophisticated institutions, family offices, and high-net-worth individuals globally.Crestline Investors has a global reach, serving clients in North America, Europe, and Asia. The firm's strategies aim to deliver consistent risk-adjusted returns through diverse capital offerings, including liquid and illiquid solutions. Notable activities include providing a $74.0 million upsized position in a credit facility to Ironclad Environmental Solutions and completing a $200 million NAV loan to a diversified alternative asset manager. In a significant development, Crestline Investors was acquired by Rithm Capital Corp. on December 1, 2025, further expanding Rithm's diversified asset management platform.The firm's executive team brings decades of industry experience in alternative investment management and multi-asset capital solutions. Key team members include Douglas K. Bratton (Founder and Executive Managing Director), John Cochran (Executive Managing Director & Chief Operating Officer), Michael Guy (Executive Managing Director & Head of European Capital Solutions), and David Philipp (Executive Managing Director & Head of Fund Liquidity Solutions). Crestline's expertise spans various asset classes and geographies, enabling them to navigate multiple market cycles effectively.

Double Peak Group is a pioneering venture capital firm and family office established in 2017, headquartered in Hong Kong. The firm focuses on investments within the rapidly evolving digital asset and blockchain sectors. They adopt a value investing philosophy, making strategic investments with a long-term perspective in early funding rounds and secondary markets. Double Peak Group aims to support visionary founders in their quest to reshape the future by facilitating change and fostering progress through technological advancement.The firm was founded by Galen Law-Kun, whose family wealth originated from early cryptocurrency investments. This background provides Double Peak Group with a deep understanding and agility in navigating the digital asset landscape. The team comprises experts with diverse backgrounds in investment banking, private equity, and entrepreneurship, bringing a unique blend of financial expertise and business acumen to their investment approach.Double Peak Group's investment focus is broad within the digital asset space, encompassing areas such as asset management, banking and payments, cross-chain platforms, CeFi-DeFi bridges, infrastructure protocols, investment funds, gaming/NFTs, privacy/security, the metaverse, and trading and exchanges. Beyond digital assets, the firm also shows interest in robotics, brain-computer interface, embodied intelligence, and aviation and aerospace. They have made numerous investments in companies across these sectors, including Watr, Novastro, Surge, Gameplan, Covalent Research & Development, CUDOS, Lunaverse, Defiato, Chainport, Heroes of Mavia, Engines of Fury, and Solvent.The firm's commitment extends beyond capital, acting as partners and mentors to the founders they back. They conduct comprehensive due diligence and embrace a contrarian approach, often being early adopters in promising territories, particularly within Asia's thriving ecosystem. Double Peak Group operates under Nyx Holdings, the family office of Mr. Galen Law-Kun, deploying patient, value-focused capital.

Eurazeo is a prominent global investment group specializing in private markets asset management. The firm offers a comprehensive platform that supports companies across various stages of growth, from startups to established mid-market leaders. With a diversified fund offering and an extensive international network, Eurazeo identifies and invests in high-growth potential companies, leveraging deep sector expertise and a long-term vision to foster sustainable value creation. The firm's investment strategies span private equity, private debt, and real assets, catering to a broad range of institutional and private clients.Eurazeo's origins trace back to the merger of Eurafrance and Azeo in April 2001, consolidating decades of investment expertise from entities linked to the Lazard network. This strategic consolidation, guided by figures like Michel David-Weill, aimed to transform a fragmented portfolio into a robust, permanent-capital investment vehicle. The firm quickly evolved from a French industrial holding into a multi-strategy asset manager, establishing a strong presence across Europe and expanding its global footprint.The firm's investment focus is broad, encompassing sectors such as technology, business services, energy transition, healthcare, consumer goods, and financial services. Eurazeo actively supports its portfolio companies through international expansion, digital transformation, and strategic acquisitions. Notable investments include companies across various industries, demonstrating the firm's commitment to building European champions with global ambitions. Eurazeo's team comprises experienced investment professionals and high-level operational experts dedicated to active ownership and hands-on support.Committed to profitable impact-driven companies, Eurazeo integrates a recognized scientific approach to identify and support businesses that address environmental, social, and societal challenges. This responsible investment philosophy is central to its value creation model, aligning financial performance with positive societal impact. The firm's global reach, with 14 offices worldwide, enables it to access diverse markets and deliver strong performance for its investors and shareholders.

GCM Grosvenor is a global alternative asset management firm that provides customized investment solutions across a broad spectrum of alternative investments. The firm manages approximately $91 billion in assets under management as of 2025, serving a diverse client base that includes institutions, family offices, and individuals worldwide. They specialize in developing tailored portfolios for clients seeking allocations to alternative investments such as private equity, infrastructure, real estate, credit, and hedge fund strategies.Founded in 1971 by Richard Elden, GCM Grosvenor has a history spanning over 50 years in the alternative investment landscape. The firm pioneered the fund of hedge funds model in the United States and has since expanded its offerings to include multi-manager portfolios, direct investments, and co-investments across various asset classes. In August 2020, GCM Grosvenor became a public company, trading on The Nasdaq Capital Market under the ticker "GCMG" since November 18, 2020.GCM Grosvenor's investment approach emphasizes responsible investing, with approximately $28 billion in sustainable and impact assets under management. They also focus on supporting small, early-stage, diverse, and women alternative investment managers, with over $30 billion in AUM dedicated to these groups. The firm's team of approximately 550 professionals brings deep expertise across the alternatives landscape, offering tailored access to strategies, sectors, and geographies globally. Key investment areas include private equity, real estate, infrastructure, private debt, and impact investing, with a focus on energy transition strategies.

IDG Capital is a world-leading private equity investment institution that has been a pioneer in developing venture capital business in China since 1993. The firm maintains a long-term global outlook, partnering with founders and teams to build lasting companies. With over 30 years of investment experience, IDG Capital has cultivated a diverse portfolio of more than 1800 companies and achieved over 600 successful exits through IPOs and M&A activities across various global capital markets.Founded in Boston in 1993, IDG Capital established its roots in China in the same year, becoming one of the earliest foreign-backed venture investors in the region. The firm's strategic evolution included the acquisition of International Data Group's (IDG Group) investment business in 2017, which further expanded its global investment reach and cross-border resource integration capabilities. This move solidified IDG Capital's independence from IDG Group's publishing, data research, and exhibition businesses.IDG Capital's investment focus spans a wide array of sectors, including consumer, technology, healthcare, and business services. Notable portfolio companies include Acne Studios, a contemporary fashion house; Bambu Lab, a leader in high-performance desktop 3D printers; and Circle, a global financial technology firm known for issuing the USDC stablecoin. The firm actively supports its portfolio companies through strategic development, global expansion, e-commerce growth, and executive recruitment, aiming to foster sustainable growth and market leadership.The firm boasts an experienced and diverse professional team with backgrounds in technology, marketing, finance, legal, management consulting, and investment banking. This expertise allows IDG Capital to provide comprehensive support to its portfolio companies, ranging from branding and marketing to human resources and overseas expansion. As of 2021, IDG Capital managed over US$23 billion in assets, underscoring its significant presence and influence in the global investment landscape.

Lombard Odier is an independent Swiss banking group with a rich history dating back to 1796. The firm operates as a global wealth and asset manager, serving both private and institutional clients. Their core offerings encompass private banking, comprehensive wealth management, and sophisticated asset management solutions. A distinctive aspect of Lombard Odier's approach is its strong emphasis on sustainable investing, aiming to align client objectives with positive environmental and social outcomes.Founded in Geneva, Switzerland, Lombard Odier has maintained its independence through a unique partnership model, where the firm is wholly owned and managed by its Senior Managing Partners. This structure fosters a long-term perspective and a client-centric approach, allowing for stability and continuity across generations. The firm has consistently evolved, integrating cutting-edge banking technology not only for its own operations but also offering these solutions to other financial institutions.While Lombard Odier focuses on a broad range of traditional and alternative investments, specific notable investments or portfolio companies are not publicly highlighted in the provided information, as their primary business revolves around managing client wealth and assets rather than direct venture capital investments in specific startups. Their investment strategies span various asset classes, including private equity, real estate, infrastructure, and natural resources, often with a sustainable lens.The team at Lombard Odier comprises experienced professionals across wealth management, asset management, and technology. The firm emphasizes a culture of excellence, innovation, respect, integrity, and teamwork. With a global presence across more than 25 offices in 19 jurisdictions, their experts provide local expertise combined with an international outlook, ensuring tailored solutions and a deep understanding of diverse market dynamics for their discerning clientele.

Founded in 1939, Neuberger Berman is a private, independent, and employee-owned investment management firm headquartered in New York City. With a commitment to active management and long-term client partnerships, the firm offers a broad range of investment strategies, including equities, fixed income, private equity, hedge funds, and multi-asset solutions. Neuberger Berman serves a diverse clientele comprising institutions, advisors, and high-net-worth individuals globally. The firm's investment philosophy emphasizes fundamental research and a client-centric approach. Its private equity division, NB Private Markets, has a team of over 300 professionals across 17 offices worldwide, focusing on co-investments, secondaries, and direct investments. In 2025, Neuberger Berman closed its NB Strategic Capital Fund II with over $4 billion in commitments, underscoring its leadership in GP-led secondary transactions. Operating from offices in 39 cities across 26 countries, Neuberger Berman's global presence enables it to access a wide array of investment opportunities. The firm's dedication to sustainability is evident through its commitment to the Net Zero Asset Managers Initiative, aiming for net-zero emissions by 2050. With a workforce of approximately 3,100 employees, Neuberger Berman continues to prioritize delivering superior investment outcomes for its clients.

Pathway Capital Management is a prominent investment firm specializing in private market solutions for institutional and wealth clients worldwide. The firm focuses on a diverse range of private market strategies, including private equity, private credit, and infrastructure. Their investment approach encompasses primaries, secondaries, and co-investments, allowing them to build customized portfolios tailored to their clients' specific needs. With a global footprint, Pathway Capital Management aims to deliver attractive risk-adjusted returns across various private market opportunities.The firm was founded in 1991 by several partners who previously worked at Wilshire Associates, including Douglas Le Bon, James Reinhardt, and Karen Jakobi. Initially, Pathway Capital Management operated as a private equity consultant, advising pension funds on their investment strategies. In 2006, the firm transitioned its focus to become an investment manager, directly managing fund of funds accounts and developing specialty funds for large institutional investors. This strategic shift allowed Pathway to engage more directly in the lucrative investment management business.Pathway Capital Management's portfolio includes investments across various sectors. While the firm primarily focuses on private market strategies, some of its notable direct or co-investments have included companies such as Hims & Hers Health, Inc., Arcellx, Inc., GoodRx Holdings, Inc., CRISPR Therapeutics AG, PDD Holdings Inc., Amogy, and Solaris. These investments span areas like healthcare, biotechnology, financial technology, and cleantech, reflecting the firm's broad investment mandate within the private markets.The firm prides itself on a stable and experienced investment team. Its investment-focused partners possess an average of over two decades of private equity experience, contributing to Pathway's long-standing track record in the industry. This deep expertise and continuity within the team enable Pathway Capital Management to identify high-quality investment opportunities and provide comprehensive solutions to its global client base, which includes corporate and public pension plans, government entities, endowments, foundations, and financial institutions.

Rede Partners is a leading independent advisory firm specializing in private markets, offering integrated, multi-disciplinary services across primary fundraising, capital solutions, and strategic advisory consulting. The firm partners with General Partners (GPs) to help them navigate the complexities of capital raising and investor relations, focusing on quality mandates rather than volume. Their expertise spans various private market strategies, including private equity, private credit, and climate & impact sectors.Founded in 2011 by Scott Church and Adam Turtle in London, Rede Partners quickly established itself as a prominent player in the private equity fundraising industry. The firm's name, derived from the Old English word 'rede' meaning 'advice or counsel,' reflects its core mission to provide deep, thoughtful strategic guidance. Both founders brought extensive experience in fundraising and placements from their previous roles at institutions like Merrill Lynch, Lazard, Credit Suisse, and Actis, aiming to build a firm that offers a creative, bespoke, and partnership-driven approach to fundraising.Since its inception, Rede Partners has advised on raising over €130 billion across more than 100 primary fundraisings, 49 capital solutions transactions, and over 30 major off-cycle strategic advisory projects. The firm maintains a global presence with offices in key financial hubs, enabling it to connect GPs with a vast network of over 1,000 institutional investors worldwide. Rede Partners is known for its selective approach, engaging only with managers in whom they have strong conviction, and for its commitment to long-term client partnerships.The firm comprises over 150 professionals working seamlessly across its global offices. Rede Partners prides itself on fostering a diverse and inclusive workplace, notably with women accounting for 50% of its most senior client-facing roles (Partners and Principals). The team's collective experience and deep market intelligence allow them to provide comprehensive services, acting as a trusted strategic advisor to clients as they pursue their business ambitions.

Winthrop Square Capital is an independent, Boston-based private equity firm specializing in private equity, venture capital, and special situation investments. The firm aims to deliver compelling returns to investors through concentrated portfolios. They actively source and invest in primary funds, secondary transactions, and co-investments.Winthrop Square Capital was founded in August 2019 by an accomplished team including Dorr B. Begnal, Anthony J. Limberis, and Linda H. Lynch. The founders established the firm with a collective experience of over two decades in sourcing and investing in private partnerships and co-investments, driven by a passion for integrity, transparency, and investor alignment.Winthrop Square Capital invests across various strategies, stages, industries, and geographies. Their portfolio includes investments in areas such as Logistics, Electric Vehicles, Consumer, Artificial Intelligence (AI), Automotive, and Autonomous Vehicles. One notable investment mentioned is Aifleet within the Logistics industry. The firm also manages funds such as the WSC Mobility Innovation Fund II.The firm is led by four seasoned investors, Dorr Begnal, Ben Cluff, Anthony Limberis, and Linda Lynch, who collectively bring over 100 years of private market investment experience. These Managing Directors are long-time colleagues and industry peers, with backgrounds as investors, founders of funds-of-funds firms, and heads of programs for foundations, pension funds, and sovereign wealth funds. Their diverse experience as GPs, LPs, and advisors provides a broad perspective in manager selection and portfolio construction.