Bee Alternatives Limited

As the year draws to a close, we want to take a moment to extend our heartfelt gratitude to all our partners and friends. Your unwavering support and collaboration have made 2024 a truly remarkable year for us. This festive season, we hope you find joy in the company of loved ones, warmth in cherished traditions, and inspiration for the year ahead. May your holidays be filled with peace, love, and laughter. Here’s to celebrating the magic of the season and looking forward to an even brighter future together. Thank you for being a part of our journey. Warmest wishes for a Merry Christmas and a Happy New Year! With gratitude and cheer, All of Us at Bee Alternatives #Christmas #BeeAlternatives #PrivateEquitySecondaries #Buyout #VentureCapital #AlternativeInvestments #Liquidity

This week, at the Malaysia Venture Forum 2024, hosted by the Malaysian Venture Capital & Private Equity Association (MVCA) under the theme "Reform, Redefine, and Progress," Yuliang Chen, Founding Partner of Bee Alternatives Limited (BAL), shared his perspectives on the evolving dynamics of the VC secondary market in Southeast Asia (SEA) during a panel discussion. Key highlights included:  ▪️ The pricing gap in the VC market persists in certain segments, primarily due to legacy valuation marks and differing expectations between buyers and sellers.  ▪️ SEA’s VC ecosystem is unique, with strategic investors playing a significant role in early funding rounds but often holding different priorities from profit-driven investors, particularly during exits. Aligning these priorities requires time, innovation, and collaboration among market participants.   ▪️ BAL remains steadfast in its disciplined approach to secondary investing, emphasizing fair value, transparency, and alignment to deliver sustainable outcomes. Looking ahead, Yuliang highlighted that greater collaboration and innovation will be crucial to narrowing the pricing gap and fostering increased secondary market activity in the region. We extend our gratitude to our fellow panelists: Thomas G. Tsao (Gobi Partners), Khairu Rejal (Investible), and Raymond Hor (Orbit Malaysia), who joined the panel "Rethinking Investment and Exits: VC Strategies in Funding Slowdown," moderated by Victor Chua, CFA (Vynn Capital). Special thanks to MVCA for hosting this important forum, fostering meaningful dialogue and collaboration among key industry stakeholders. #BeeAlternatives #PrivateEquitySecondaries #Buyout #VentureCapital #SEA #Malaysia #AlternativeInvestments #Liquidity #MVCA

Southeast Asia has a great potential of PE secondary growth with large untapped pool of demand to be served. There are however several key factors for potential secondary seller and GP to consider in driving LP-led and GP-led VC secondary transactions in the region. Bee Alternatives’ Founding Partner Yuliang Chen had provided key insights and observations from secondary buyer’s perspective which would help to move a VC secondary transaction forward.    Thanks DealStreetAsia and Nguyen Thi Bich Ngoc for the coverage. #BeeAlternatives #PrivateEquitySecondaries #privateequity #secondaries #venturecapital #growthcapital #alternativeinvestments #liquidity #GPled #LPled #continuationfund #unpri #asean #sea #limitedpartner #generalpartner https://lnkd.in/gsTEG3KS

DealStreetAsia has unveiled in today’s coverage the significant learning curve confronting Asia-focused LPs, as GPs overseeing PE funds increasingly delve into alternative exit strategies to ensure investor liquidity. LPs in Asia are less accustomed with unconventional exit paths like GP-led secondaries, NAV financing, GP stakes, or dividend recapitalization. Notably, Asia trails the US and Europe by approximately five years in the adoption of these alternative exit strategies. Our founding partner, Yuliang Chen alongside with industry experts took the opportunity to share the unvarnished realities to consider when it comes to GP-led secondaries as an alternative exit option especially in areas of ensuring alignment of interest and mitigating conflict of interest. Some of the key excerpts are as follows: “As investor in continuation funds, we always assess as an incoming LP whether there is considerable alignment of interests between the GP and us” This entails either through GP commitment or tiered carried interest. “As part of the GP’s fiduciary duty, LPs can request GPs to engage third-party advisors to provide independent valuation reports or manage the whole process of the GP-led transaction. This ensures transparency and confirms that all acquisitions and transaction terms are conducted at arm’s length, mitigating potential conflicts of interest.” Thanks DealStreetAsia and Kavitha N. for the coverage! #BeeAlternatives #Dealstreetasia #PrivateEquitySecondaries #liquidity #Alternativeinvestments #Asia https://lnkd.in/dypEybjY

Wishing you and your loved ones a joyous Eid filled with blessings, peace, and harmony! May this special occasion brings you closer to your family, strengthen your bonds of friendship, and ignite the light of hope in your hearts. Eid Mubarak to all celebrating around the world. For those travelling during this festive season, may you have a safe and happy trip.🌙✨ #EidMubarak #EidAlFitr #Celebration #Peace #Joy

It's our great honour to be recognized by the SecondaryLink community as one of the best Asia specialist secondary buyers in 2023. This recognition is a testament to our unwavering commitment in providing liquidity solutions to LPs and GPs in Asia, and creating optionality in their portfolio to cater to new aspirations and requirements. We are immensely grateful for the trust and support of our investors and friends in the industry, whose collaboration has been instrumental in achieving every milestone in our journey. At Bee Alternatives, we remain steadfast in our mission to provide unparalleled value to the sellers and our investors, and continue to drive positive impact across the Asian private equity market. This accolade only fuels our determination to push boundaries, explore new opportunities, and elevate the standard of excellence in our industry. A heartfelt thank you to SecondaryLink and those who voted for us for recognizing our contribution. We look forward to serving the industry better and achieving more with our partners through secondary transactions. #BeeAlternatives #SecondaryLink #PrivateEquitySecondaries #privateequity #secondaryspecialist #buyout #growthcapital #alternativeinvestments #LP #familyoffice #unpri #liquidity #Asia