Evercore has hired Tze Wei Lim from HarbourVest Partners to join its private capital advisory group in Singapore, filling the position previously held by Robin Seng. The senior appointment signals Evercore's push to strengthen its secondary market capabilities across the Asia-Pacific region.

Lim's move represents the latest talent shuffle between major players in the private equity advisory space. Secondary market firms have been competing intensely for experienced professionals as transaction volumes recover from recent market volatility. The Singapore base gives Evercore strategic access to Southeast Asian markets where private capital flows remain robust.

This hire follows Evercore's ongoing expansion of its private capital advisory footprint beyond traditional Western markets. For HarbourVest, losing another senior associate could impact their deal execution capacity. The talent war in secondary advisory shows that firms are betting on renewed market activity despite lingering economic uncertainty.

The appointment underscores how secondary market specialists are positioning for growth in Asian private equity markets, where cross-border transactions and portfolio restructurings offer significant fee opportunities.