It is a well established trend that Australian LPs are increasingly looking to internationalize their private equity exposure, arguably at the expense of domestic GPs. Foreign investors looking to enter Australia are not deterred. Sebastiaan van den Berg, managing director at HarbourVest Partners, has no plans to scale back, citing the country’s stable economy, rule of law and experienced GP community.
He does admit, however, that the retreat of domestic LPs leaves their foreign counterparts in a bind. "Perhaps from a more selfish perspective, less capital driving up valuations is better - to the extent...
Expedia has paid $350 million for an unspecified minority stake in Traveloka, an Indonesian online travel services company backed by a number of venture capital firms.
The Willis Towers Watson global alternatives survey offers view surprises in terms of where investors are putting their capital, but there are some interesting developments in which investors are providing it
Advent International has invested an undisclosed amount in Indian innerwear maker Dixcy Textiles.
PAG Asia Capital is raising a $500 million China growth fund, which will enable the firm to target middle-market deals that fall below the minimum check size for its pan-Asian vehicle.