Peter Woo family office explores $1bn PE stake sale
The family office of Hong Kong billionaire Peter Woo is exploring a sale of private equity interests worth about $1bn, as demand for secondaries continues to grow and investors seek greater liquidity from private market portfolios, according to a report by Bloomberg.
The family office of Hong Kong billionaire Peter Woo is reportedly considering a sale of private equity stakes valued at approximately $1 billion, as demand for secondary market opportunities rises. According to Bloomberg, Wheelock Marden Capital, the investment subsidiary of Woo's property firm Wheelock & Co, is leading the potential transaction.
The assets under consideration may encompass interests in China-focused private equity firm HSG, originally called Sequoia Capital China, and US-based technology investor Vista Equity Partners. However, the process is still in its preliminary stages and the specific assets have not been finalized. The Woo family currently holds control of Wheelock after delisting the property company from the Hong Kong Stock Exchange over six years ago.
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