Singapore-based Aquilius Investment Partners claimed Secondaries Buyer of the Year in Asia-Pacific, raising $1.1 billion for its real estate fund and expanding into PE secondaries via a Hong Kong hire. The firm executed eight deals totaling $600 million during the judging period, including a lead role in a A$200 million ($140M) continuation fund for Serenitas. Campbell Lutyens dominated the adviser category, handling $7 billion in LP-led volume, including a $1.9 billion Nan Shan Life sale and a $315 million QIC secondaries transaction.

Ropes & Gray led as Law Firm of the Year, managing over 600 transactions worth $275 billion, including notable Asia-Pacific deals. CVC Capital Partners secured GP-Led Deal of the Year with a $640 million continuation vehicle for Good Choice Company, while Hong Kong Jockey Club won LP-Led Deal of the Year with a $900 million portfolio sale. These wins highlight robust secondaries activity and maturing PE markets in the region.