ADDX expects 30% rise in transaction volumes as private markets rebound; plans to open Middle East office

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.