Specialists in
APAC Credit
Secondaries

Asia Pacific Secondaries (“APS”) is a specialist APAC Credit Secondaries firm delivering bespoke liquidity solutions to select institutional LPs and GPs.

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Hong Kong skyline at sunset from Victoria Peak
$20bn
Credit Secondaries Volume (2025)
$5.0bn
APAC Market by 2030
0.07x
Private Credit DPI (2023)
6%
APAC Share of Global Private Credit

Who We Are

Our Hong Kong based founding team has extensive experience deploying and managing capital across APAC and globally. Leveraging our deep expertise in APAC credit, private markets, and restructuring, we utilise institutional‑grade diligence, structuring, and process driven asset management to unlock liquidity and provide institutional investors with strong risk adjusted returns.

We offer LPs and GPs

Discrete liquidity solutions that include the sale of fund interests, NAV lending, continuation vehicles, and fund restructuring.

We offer institutional investors

Access to thoroughly diligenced, structured, and managed proprietary Secondaries investment opportunities.

APS is uniquely positioned in a rapidly growing, underserved market and is committed to ensuring strong alignment with our partners and delivering win‑win outcomes for all stakeholders.

Our Strategies

01

LP-Led Transactions

Acquiring limited partner positions in credit funds at attractive discounts to NAV, providing liquidity to institutional investors seeking portfolio rebalancing.

02

GP-Led Transactions

Partnering with general partners on continuation vehicles and portfolio restructurings, enabling fund managers to extend hold periods for quality assets.

03

Single Deal Credit Secondaries

Targeted positions in specific credit assets with compelling risk-return profiles, leveraging deep sector expertise and regional knowledge.

04

NAV Lending

Senior secured lending against fund NAV with defensive positioning, an underutilised strategy in APAC markets offering attractive risk-adjusted returns.

A Generational
Inflection Point

The Asia Pacific credit secondaries market is experiencing unprecedented growth, driven by fund maturity cycles, capital constraints, and institutional portfolio rebalancing.

With declining distributions and increasing demand for liquidity, opportunities for specialised investors with committed capital and regional expertise have never been more compelling.

83%
YoY Growth in Credit Secondaries
6%
APAC Share of Global Market
0.07x
Median Pricing Discount
$5bn
APAC Market by 2030

Leadership

Founding partners with deep regional expertise and decades of experience across APAC credit markets.

Jacob is an experienced APAC Credit investor based in Hong Kong. Jacob was previously MD of Private Credit at Oreana, a property development, construction, and investment company with AUD 15bn in assets under advice and prior to that a Director at ADM Capital, a USD 2.0bn private credit fund. While there, Jacob deployed and managed more than USD 300m in capital across APAC for institutional investors. Jacob has a Bachelor's Degree in Applied Economics from Queen's University in Ontario, Canada.

Alex is an experienced strategic advisor and restructuring professional to firms and boards driving transformations and is based in Hong Kong. Alex is co-founder of Fortune Ark Restructuring, and Arknight. Prior to that, Alex was a Director of Rockpool Advisory and led engagements throughout the Middle-East, United Kingdom, and APAC across several sectors including sports, agriculture, industrials, and natural resources. Alex has a Bachelor's Degree in Environments from the University of Melbourne, Australia.

Get in Touch

Connect with our team to explore how we can support your credit secondaries strategy.

Location

12F, The Centrium
60 Wyndham Street
Central, Hong Kong