Rede Partners Raises €12B from Asia After HK Expansion, Deepens Private Markets Role

Rediscovering what the primary article fairly lays out, Rede Partners’ move in 2022 is clearly more than geographic expansion—it reflects a strategic response to several private markets trends in Asia: rising LP interest, GP consolidation, and increasing role of capital solutions and GP-led secondaries. The data and subsequent developments support that this wasn’t a short-term bet but integrally linked to Rede’s global ambition.

First, Wan’s appointment and Rede’s opening of the HK office respond to a “step-change” in LP interest in private markets in Asia, tied to the maturation of local managers with stronger track records and demand for differentiated exposure. Rede is positioning itself to serve GPs needing both traditional fundraising and advisory / liquidity solutions. That’s important since the Asian GP-led secondary market is still less developed than in the U.S./Europe, meaning demand for expertise is growing but the supply of high-quality advisory is scarcer.

Second, the performance metrics: when the HK office opened, Rede had just marked ten years operating globally, with ~€20 billion raised across 13 funds, plus €2 billion in GP-led transactions for that year. [1][4] By September 2024, Rede had raised over €12 billion specifically from Asia-Pacific investors, with a dedicated Asia team of seven. [3][10] The firm also elevated Wan to Partner that month. These benchmarks illustrate that Rede’s Asia push is yielding measurable traction.

Third, strategy and risk: redeploying and localizing capability in Asia via on-the-ground presence—Hong Kong especially—is aiming to shorten deal cycles, deepen LP relationships, and win mandates versus global competitors. But there are risks: regulatory complexity (Hong Kong/China), competition from regional boutiques and global placement agents, macroeconomic headwinds (e.g., interest rates, capital control risks), and potential shifts in LP allocations (private markets remain under pressure in certain jurisdictions).

Fourth, future strategic implications: Rede’s expansion in Asia coupled with its announced plans for the Middle East (office opening in early 2025) signals a push to cover non-Western capital pools more fully. [3][10] Moreover, increasing its Asia team and raising material capital from APAC LPs provides optionality into cross-border funds, GP-led secondaries there, and possibly structuring local joint-ventures or mandates to circumvent regulatory or tax obstacles.

Open questions remain: What is the quality and stickiness of LP commitments from Asia-Pacific? How is Rede managing regulatory risk in China, HK, and neighboring jurisdictions where capital flow rules or foreign advisor licensing could complicate operations? What competitive advantages does Rede have over incumbents in Asia-based fundraising advisory? Also: how has recent macro volatility (FX, supply chain, geopolitical tensions) affected both GP pipeline and LP appetite in APAC since 2024?