New here? Read these four, in order.
Each one builds on the last: what alternatives are, how secondaries create liquidity, what is changing in Asia, and how governance shapes a GP-led deal. Then pick a track.
What alternatives are, and why investors want them
The Allure of Alternatives: The Rising Demand for Unconventional Investments
A map of the alternatives universe (private equity, hedge funds, real estate, infrastructure, private debt) and the reasons investors were adding them in 2024: diversification, lower correlation to listed markets, and wider access.
How secondaries create liquidity
Secondary Market Dynamics, Liquidity Solutions for Private Capital Investors
Why a secondary market exists for private equity, the main transaction types, and why slow exits pushed LPs and GPs toward secondaries and continuation vehicles in 2023.
Where Asian private markets are now
Three shifts in Asian private markets post link
A short note on three shifts: the liquidity squeeze and the rise of GP-led secondaries, a flight to quality in USD fundraising, and China beta versus Japan alpha.
How a director looks at a GP-led deal
Thinking like a director in GP-led deals post link
Written after the SMU–SID directorship programme: what changes when you look at a GP-led transaction through a board member’s eyes.
Choose a track
Tracks are tagged by level: 101 foundations, 201 practitioner, 301 advanced. Unfamiliar terms are explained in the glossary.
Continuation vehicle
A new fund, managed by the same GP, that buys one or more assets from an existing fund; existing LPs can take cash or roll their interest into the new vehicle.