AVCJ Private Equity Forum Singapore 2024

The Westin, Singapore and Online

25 Apr

Exits: The path to liquidity

Sluggish exits have restricted distributions, making LPs unable or unwilling to back new funds. With IPOs and M&A channels obstructed, sponsor-to-sponsor sales have come to the fore. Beyond that, GPs are exploring alternative sources of liquidity, with continuation vehicles, cross-fund transactions, and NAV financing increasing on the agenda. GPs and LPs give their take on how best to realise returns.

  • Sponsor-to-sponsor sales led the way in Asia in 2023. Will it be the same in 2024?
  • Which jurisdictions are most attractive for PE-backed IPOs? 
  • What is the demand-supply dynamic behind single-asset continuation funds?
  • How are investors addressing conflicts of interest tied to alternative liquidity?