ADDX expects 30% rise in transaction volumes as private markets rebound; plans to open Middle East office
From the start, the private markets platform has ridden on a growing appetite for private equity, achieving its target of US$1 billion in cumulative volume in 2024
Add BT as a preferred source
SINGAPORE-BASED private markets platform ADDX is positive that a rebound in global private equity (PE) deals will drive a 30 per cent rise in its cumulative transaction volumes this year, which is the pace of growth after it hit its earlier target of US$1 billion in April 2024.
ADDX’s expansion into the Middle East will help lift volumes, as it rides on the wave of rising investor appetite for PE, co-founder and group chief financial officer Inmoo Hwang told The Business Times.
He is optimistic that ADDX, set up in 2017, will open an office in the Middle East – its third globally – some time this year. It announced plans to enter the region in late 2023.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS shares rise 1.9% to hit all-time intraday high as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
