JRT Partners, a Singapore-based family office, plans to increase allocation to secondaries across the US, Australia, and Western Europe. The move underscores growing demand among Asian investors for GP-led restructurings and LP portfolio sales in developed markets.

Family offices have accelerated secondaries adoption as primary fund commitments face prolonged capital calls and uncertain vintage-year returns. By targeting three distinct regions, JRT Partners gains exposure to North American mega-fund recapitalizations, Australian infrastructure secondaries, and European mid-market GP-led deals.

The strategy reflects a broader shift: limited partners now treat secondaries as a core portfolio tool rather than a tactical overlay. Faster liquidity, blended vintage diversification, and pricing discounts to net asset value drive the reallocation.

For fund managers, this signals a deepening buyer pool beyond traditional institutional investors. As more Asian family offices replicate the model, competition for high-quality secondary positions will intensify, potentially compressing discounts and reshaping deal terms in 2025.