27
Apr
Secondaries: The new driver for liquidity?
Secondary investors are more encouraged by an increasing openness to secondaries in Asia. LPs are keen to generate liquidity given market uncertainty, while GPs who previously declined to take part because they had IPOs in the pipeline are now revising their expectations. As investors expect longer holding periods, our panel explores the way forward on the path to liquidity.
- How can secondaries be a tool for liquidity?
- Are we seeing a meaningful change in valuations?
- What and where are the best opportunities?
- What level of appetite is there for single-asset continuation funds?
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SpeakersEric Marchand Managing Partner COLLYER CAPITAL
Kumber Husain Managing Director AUDAX STRATEGIC CAPITAL
Amit Gupta Partner TPG NEWQUEST
Dominic Goh Managing Director HARBOURVEST PARTNERS
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Kumber is a Managing Director for Audax Strategic Capital, focused on providing various capital solutions to private equity general partners. Prior to joining Audax in 2022, Kumber was a Managing Director, Head of Americas, for DWS Private Equity and previously worked at Morgan Stanley Alternative Investment Partners, WP Global Partners, and Swiss Re. Kumber’s experience spans private equity secondaries, co-investments and fund commitments, with the majority of investments being made into concentrated and customized secondary transactions. Kumber received a BA from George Washington University and a MSc from the London School of Economics.
Amit Gupta is a founding Partner of TPG NewQuest based in Singapore and oversees the India and Southeast Asia businesses. Amit has more than 20 years of industry experience.
Prior to co-founding TPG NewQuest, he was a Director at Bank of America Merrill Lynch’s (BAML) Asia Private Equity group where he led the India business and oversaw investments in the energy and financial services sectors across the Asia Pacific region. Amit has also served in other roles in BAML, including Corporate Principal Investments based in Hong Kong and Investment Banking based in Mumbai.
Prior to working at BAML, Amit was a software engineer based in Mumbai and the United States. Amit has an MBA from Indian Institute of Management (IIM), Bangalore, where he was placed on the Director’s Merit List for his performance, and an undergraduate degree in electrical engineering from REC Kurukshetra, where he received the University gold medal. Amit is fluent in English and Hindi.
Dominic Goh joined HarbourVest in 2012 and focuses on secondary investments. This includes analyzing, structuring, and monitoring a wide range of secondary transaction types.
Dominic was previously at Coller Capital, where he evaluated secondary opportunities and contributed to deal sourcing and fundraising efforts in Asia. Prior to that, he was an investment banking associate at ABN AMRO London in the Financial Institutions Group.
Dominic received a BSc (first class honours) in Accounting & Finance from the London School of Economics and Political Science in 2005. Dominic is fluent in Mandarin.