Private Credit
Liquidity Solutions
Across Asia Pacific
Asia Pacific Secondaries (“APS”) is a specialist credit secondaries firm helping institutional LPs and GPs address portfolio liquidity constraints, optimise credit exposures, and recycle capital through bespoke secondaries transactions.
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Key Market Metrics
* Source: publicly available data. See disclaimer below.
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
LP-Led Secondaries
Acquiring limited partner interests in private credit funds at attractive discounts to NAV, providing liquidity to institutional investors navigating distribution shortfalls, portfolio rebalancing needs, and capital recycling requirements.
GP-Led Continuation Vehicles
Partnering with general partners on continuation vehicles and portfolio restructurings, enabling fund managers to extend hold periods for quality assets.
Direct Credit Secondaries
Targeted positions in specific private credit assets with compelling risk-return profiles, providing selective exposure to seasoned loans that have demonstrated solid performance, leveraging deep sector expertise and regional knowledge.
NAV Lending & NAV Financing
Senior secured lending against fund NAV with defensive positioning in the capital structure. An underutilised strategy in APAC markets offering attractive risk-adjusted returns whilst helping GPs generate liquidity and extend investment horizons.
A Generational
Inflection Point
The private credit secondaries market is experiencing a structural shift, driven by a muted exit environment, prolonged holding periods, and slower-than-expected return of capital. Global credit secondaries volume reached $20 billion in 2025, growing at 50% CAGR — yet the market remains significantly underpenetrated compared to private equity secondaries.
In Asia Pacific, institutional investors face acute liquidity constraints as private credit DPI declines and portfolios mature. The secondary market has emerged as a critical release valve, enabling LPs and GPs to optimise risk, generate liquidity, and recycle capital. APS is uniquely positioned to capitalise on this opportunity with committed capital and deep regional expertise.
Market Opportunities
* Source: publicly available data. See disclaimer below.
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 a property development, construction, and investment company with AUD 15bn in assets under advice and prior to that a Director at a APAC Private Credit fund with USD 2bn in AUM. 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
Whether you are an LP seeking liquidity for private credit fund interests, a GP exploring continuation vehicle solutions, or an institutional investor looking to access the credit secondaries market, connect with our team.