ADDX expects 30% rise in transaction volumes as private markets rebound; plans to open Middle East office

SINGAPORE-BASED private markets platform ADDX is positive that a rebound in global private equity (PE) deals will drive a 30 per cent rise in its cumulative transaction volumes this year, which is the pace of growth after it hit its earlier target of US$1 billion in April 2024.

ADDX’s expansion into the Middle East will help lift volumes, as it rides on the wave of rising investor appetite for PE, co-founder and group chief financial officer Inmoo Hwang told The Business Times.

He is optimistic that ADDX, set up in 2017, will open an office in the Middle East – its third globally – some time this year. It announced plans to enter the region in late 2023.

Entry into a new market will position ADDX well amid a recovery in global PE markets, which Hwang sees as benefiting from the second Donald Trump presidency, in line with projected gains in public equities.

“While there is debate around the degree of correlation between public equity and private equity performance… we believe that the strong performance of public equity markets is a factor – alongside other elements such as lower interest rates – that is positively impacting the private equity market by creating favourable conditions for exits and deal activity.