Secondaries

China sovereign fund SAFE IC in talks to sell $1b private fund stakes

The state fund is looking to sell the assets via a secondaries transaction.

The first edition examined the rise of CVs, marquee assets and pricing discipline.

Despite the better liquidity environment, the improvement has not been linear.

The SG-based firm, specialising in secondary investments, plans to launch its eighth fund in 2026.

It is led by Pantheon managing director and head of International Private Wealth Victor Mayer.

Sellers include major Japanese corporations and financial groups.

Asian assets currently account for well below 10% of overall secondary market volume, closer to 3-5%.

Pham Chi Nhu, Coolmate’s co-founder and CEO, also pared his stake.

The entire fund portfolio is understood to have a net asset value close to $1 billion.