\n<\/p>\n
Cross-border partnerships represent another important lever. Markets such as Australia, Hong Kong, India, Japan and South Korea are seeing strong private market growth. Closer cooperation can help capture transaction flows and position Singapore as a gateway for regional secondaries activity.<\/p>\n
Against this backdrop, the emergence of dedicated secondaries platforms globally raises the question of whether Singapore could support the development of one locally. A well-designed platform would bring buyers and sellers together, enabling GPs and LPs to list holdings, express interest and transact efficiently. Over time, integrating capabilities such as Know Your Customer (KYC), independent valuation, operational due diligence and legal services could help create a more comprehensive destination for secondaries market activity.<\/p>\n
If such a platform were to be developed, governance would be a key consideration. Day-to-day operations should sit with market players, allowing the platform to respond to evolving needs and market trends. This should be balanced with appropriate safeguards around trust and security, including the management of conflicts of interest, to ensure transactions are conducted transparently and fairly.<\/p>\n
By building on its existing strengths and addressing these strategic considerations, Singapore is well positioned to assert itself as a focal point of Asia Pacific\u2019s emerging secondaries market. Doing so would further reinforce its standing as a global asset and wealth management hub and strengthen its reputation as a forward-looking financial centre capable of shaping the region\u2019s next phase of private market development.<\/p>\n
1<\/strong><\/sup> Lazard private capital advisory: Secondary market report 2024<\/a>, Lazard, 23 January 2025<\/sub><\/p>\n<\/p><\/div>\n