Evercore's APAC private capital advisory unit has more than doubled its headcount since February, according to senior Managing Director Ben Hart, who spoke with Secondaries Investor. The expansion reflects the firm's conviction in the region's growing secondaries opportunity.

Asia-Pacific's secondaries market gained noticeable momentum last year, with LP-initiated sales dominating headlines and managers increasingly warming to GP-led continuation vehicles. According to Secondaries Investor's CV deal log, the region saw at least eight GP-led CVs close during the year – double the amount in 2024 – signaling a structural shift in how general partners approach portfolio management.

The trend has continued into the current year, with one multi-asset CV already closing in the first quarter. Evercore's team overhaul positions the advisory firm to capture rising deal flow as more LPs seek liquidity and GPs explore continuation fund structures to extend hold periods for high-performing assets.

Hart noted that the hiring spree spans origination, execution, and coverage roles, underscoring the breadth of advisory demand across the secondaries spectrum. With APAC institutional investors becoming more sophisticated in secondary allocations, the firm expects sustained activity across both LP-led and GP-led channels.