The family office of Hong Kong billionaire Peter Woo is exploring a sale of private equity interests worth about $1bn, as demand for secondaries continues to grow and investors seek greater liquidity from private market portfolios, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that Wheelock Marden Capital, the investment arm of Woo’s property group Wheelock & Co, is behind the potential transaction. The process though, is at an early stage and the assets being considered have not been finalised.
The portfolio could include interests in China-focused private equity manager HSG, formerly known as Sequoia Capital China, as well as US-based technology investor Vista Equity Partners, the people said.
The Woo family controls Wheelock privately after taking the property company off the Hong Kong Stock Exchange more than six years ago.
