The multi-asset continuation vehicles comprise a diversified portfolio of 13 assets from onshore and offshore selling vehicles, with the expectation to offer long term value. The transaction structure accommodated numerous stakeholders and was designed to provide liquidity to selling vehicles under liquidation and support continued value creation across the portfolio.

LGT Capital Partners served as one of the two co-leads in the transaction, leveraging its deep expertise in structuring GP-led secondaries and navigating cross-fund complexities. This marks another successful collaboration between LGT Capital Partners and IDG Capital following a series of prior transactions.

Brooke Zhou, Partner at LGT Capital Partners, commented: “This transaction reflects the increasing sophistication and scale of the secondaries market in APAC. We are pleased to have supported IDG Capital in structuring continuation vehicles that deliver both alignment and long-term value for stakeholders. The complexity of this deal – covering both onshore and offshore structures and a diverse set of assets – demonstrates the capabilities of our global secondaries platform to execute in dynamic markets.”

LGT Capital Partners has been investing in the secondaries market for over 20 years, with more than 450 transactions completed to date. The Secondaries team has dedicated investment professionals in offices in Pfaeffikon (Zurich area), London, New York, Hong Kong and San Francisco, and it can leverage the capabilities of LGT Capital Partners’ overall Private Markets investment teams, which comprise a total of more than 100 individuals.