The LP View

Asian LPs eye global mid-market for diversification, differentiated returns: Northleaf

The pattern is visible across all asset classes in which Northleaf invests, said APAC head Jeff Pentland.

The US-based firm has deployed across several large funds in Asia.

So far, the rally has attracted hedge fund managers and, more recently, long-only public managers.

“India, Japan driving majority of growth in HarbourVest’s APAC business,” says MD Kelvin Yap.

Nearly 71% of LPs are using Asia-focused funds to access SE Asia.

The capital markets could provide much-needed liquidity.

From an LP perspective, Padaki said, being profitable at the time of listing is not enough.

Market participants are “concentrating on the highest-quality assets”.

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

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