Fundraising dropped 18% from 2023, driven by a quiet second half and muted activity in Asia-Pacific.
SQ Capital, founded by Mustafa Siddiqui, will focus on mid-market secondaries opportunities.
Quilvest Secondaries Fund will primarily target GP-led transactions, though it will include a pocket for shorter duration opportunities, affiliate title Secondaries Investor understands.
The region could see renewed appetites for Southeast Asia, a burgeoning IR community in East Asia and new pockets of secondaries opportunities next year.
The growth equity firm expects to close its latest flagship in January, Private Equity International has learned.
The SAR government has proposed broadening the number of qualifying asset classes exempt from tax and creating more flexibility in its carried interest tax concession.
Despite rampant LP appetite for co-investments, commingled funds in this space face natural barriers to their growth, including a more limited investor base and the need for extensive GP networks.
Record activity in the secondaries market has led to a surge in semi-liquid vehicles.
Private equity had a quiet ride in 2024, with longer fundraising timelines hampering activity.
Private equity investment in the education sector has slumped since the pandemic-driven days of online learning.