The Hong Kong private equity secondaries firm, which recently closed its second fund, expects a significant rise in the number of exits from PE investments from 2015. It has also hired recently.
Paul Capital was among the first private equity secondaries firms to set up in Asia, but fierce competition and and a failed merger are said to be behind its imminent closure.
A bottleneck in IPOs has constrained a vital route for private equity exits, with secondary specialists lining up to help. But secondary deals still have a mixed reputation in Asia.