Bee Alternatives closes seventh secondaries fund above $150M

What's the deal? Bee AlternativesDealroom has a profile for this one. Try Dealroom → has closed its seventh secondaries fund above $150 million, the firm announced in September. The private equity vehicle will target smaller deals.

Why now? The firm's previous fund, a 2022 vintage, is fully deployed. The new close gives Bee Alternatives fresh capital to put to work.

What's the endgame? The fund focuses on secondaries — buying existing stakes in private funds or companies from investors seeking liquidity. Chen Yuliang serves as the firm's founding partner.

The signal: Bee Alternatives has said it sees more limited partners in Japan turning to secondaries for liquidity, and it recently entered venture capital through its acquisition of JAFCO AsiaDealroom has a profile for this one. Try Dealroom →. The new fund extends that push, betting on demand from investors looking to cash out of illiquid holdings.

Read more: dealstreetasia.com

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