Recent market dislocations, particularly in China, have led to historically low entry multiples and secondary pricing. Secondaries can mitigate blind pool risk and improve near-term liquidity, both of which have historically been key concerns for LPs investing in APAC.

LGT Capital Partners has completed over 170 secondary investments in the region, with the first closing in 2007. The team sees a deep pool of unlocked net asset value from APAC’s peak years, with quality assets available at steep discounts. Additionally, the robust IPO activity seen in key markets recently indicates positive exit momentum.