Adams Street Partners has appointed Ben Hart, formerly of Capital Dynamics, as partner and head of business development for Asia.
China Everbright has established a fund-of-funds with initial capital of RMB5 billion ($769 million) and a full target of RMB10 billion.
Redbud Capital, a VC fund-of-funds investment unit under Tsinghua Holdings, has reached a first close of RMB1 billion ($154 million) on its latest China-focused fund.
Yar-Ping Soo, a partner with Adams Street Partners, has been appointed head of the firm’s Asian investment team, succeeding Piau-Voon Wang, who will become a senior advisor.
HarbourVest Partners has promoted two Asia-based professionals – Minjun Chung and Kanji Takenaka, who focus on South Korea and Japan, respectively – to principal.
Shengjing Group, a Chinese investment advisor, has partnered with Tsinghua Holdings to launch a $300 million fund-of-funds to invest in venture capital overseas.
Unicorn Capital Partners, a new China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners' former head of North Asia Tommy Yip, has secured initial commitments of $12 million for its maiden fund - Unicorn Partners Fund I.
Hamilton Lane has reached a final close of $1.5 billion for its third co-investment fund, exceeding the $1 billion target.
Having created the largest Asia-focused fund-of-funds as a division of Macquarie, Michael Lukin and his team spun out two years ago to form ROC Partners. Secondaries and co-investments are the areas of focus
Aberdeen Asset Management has bought FLAG Capital Management, the US-based firm that acquired Asia-focused fund-of-funds Squadron Capital in 2012. The financials of the transaction were not disclosed.
New York State Common Retirement Fund (NYSCRF) made its first direct China commitment in 2011, investing $100 million in Hony Capital’s fifth fund. Over the preceding years, the LP fashioned a more targeted Asia strategy, complementing its participation...
Global fund-of-funds are looking to scale up and become more diversified, while many of their smaller counterparts are pursuing niche strategies. Is the model in a state of decline or a state of revolution?
Asia Alternatives Management has closed $1.8 billion in new commitments from LPs, comprising $1 billion for co-mingled fund-of-funds and $800 million in separately managed accounts.
Sebastiaan van den Berg, Asia-based managing director with HarbourVest Partners, has left the firm after 10 years.
Healthcare-focused Vivo Capital has attracted increasing attention from LPs for its hybrid focus on the US and China. As testament to this, its latest fund - Vivo Capital Fund VIII - closed at $750 million after nine months in the market, with demand...
Markus Ableitinger has resigned from his position of managing director and co-head of Asia Pacific investment management at Capital Dynamics after more than 10 years with the firm.
Co-investment could represent the next bubble for global private equity says Erik Hirsch, global CIO for global fund-of-funds Hamilton Lane.
George Anson, a London-based managing director with HarbourVest Partners, on the importance of customization, scale and diversification in creating a sustainable global fund-of-funds business
Auda is scaling up its operations in Asia, opening a Shanghai office and making several new hires. CEO Ernest Boles, Head of Asia Jacob Chiu, and Managing Director Lucian Wu explain how they are addressing the opportunity
Tommy Yip, partner and head of North Asia at Emerald Hill Capital Partners, has resigned from his position. He is expected to form a new China-focused fund-of-funds.
Auda International has appointed Eunseok So, formerly of FLAG Squadron Asia, as a senior vice president in its Hong Kong office.
Hemal Mirani, head of Asia investor relations at CVC Capital Partners, will join HarbourVest Partners as a managing director. She previously spent over 11 years at HarbourVest before leaving in 2009 for the role at CVC.
Lucian Wu, previously co-head of Asia at Paul Capital Partners, has joined Auda as a managing director.
Pantheon has won a EUR100 million ($124 million) mandate from Valtion Eläkerahasto (VER), the Finnish state pension fund, for investments across Asia and emerging markets.