GIC lines up $1bn private equity secondaries sale as sovereign wealth funds keep tapping the market

Singapore's GIC is preparing to offload around $1bn worth of private equity fund stakes on the secondary market, according to sources cited by Bloomberg.

The prospective sale would see holdings in funds managed by EQT, TPG Asia, and KKR change hands, with PJT Partners advising GIC on the process.

GIC reportedly approached potential buyers last month to test appetite. Discussions remain at an early stage and the composition of the portfolio could still shift.

The firm completed a similarly sized private eq…