Secondary PE firms taking stock in Asia

An IPO bottleneck in Asia has congested the favoured exit route for private equity general partners (GPs), creating what would appear to be an opportunistic environment for secondary specialists. Adding to the promising outlook is the fact that most of the major secondary players from the West have established outposts in Asia. While a few, such as LGT Capital Partners and HarbourVest, have long had a presence in the region, others have set up regional offices over the past coup…