While appetite for co-investment among LPs continues unabated, the notion of going solo on deals is more talked about than acted on in Asia. But shadow capital still poses a threat to managers
Pioneer Capital sees the closing of its third fund at the hard cap of $180 million as confirmation that private equity in New Zealand has become more mainstream
Apis is relying on its team's financial services expertise and networks to deliver the goods in South Asia and Africa. LPs have given them $287 million with which to prove the thesis
Competition is intense at the upper end of the global buyout space, with abundant dry powder and readily available debt pushing up valuations. LPs are keen to allocate to the asset class, but will they end up disappointed?
A resurgence in renminbi fundraising has prompted GPs best known for US dollar funds to enter the local currency market. Addressing conflicts of interest in an increasingly complex industry will prove difficult
KKR has set an institutional hard cap of $8.5 billion for its third pan-Asian fund, with the total expected to reach $9.2 billion including commitments from the firm’s balance sheet and management team. A substantial first close – of around half the...
Institutional investors globally are looking to reduce the number of GPs in their portfolios with a view to writing bigger checks for – and having deeper relationships with – a smaller number of managers, but this lack of diversification in the LP...
Tsinghua University Education Foundation is the first Chinese endowment fund to invest in private equity. It has developed a preference for managers with niche strategies
Australian family offices and high net worth individuals (HNWIs) represent a huge potential source of capital for private equity, but GPs must be flexible in terms of the products they offer.
Having fully realized its first four funds and returned more than 100% of the fifth, ChrysCapital had a strong exits story to tell in raising $600 million for Fund VII
The arrival of Odyssey Private Equity – a collaborative effort by former executives from two of Australia’s best known GPs – once again draws attention to the hole in Australia’s lower middle market
HPEF Capital Partners – formerly known as Headland Capital Partners – has won LP approval for an incentive scheme that ties in a reconstituted team to manage the existing portfolio, and the principals still hold expectations of raising a successor...
Australian superannuation fund Hostplus has committed A$85 million ($65 million) to local seed investor Artesian, taking the venture capital firm’s funds under management to more than A$150 million.
Australian regulators want greater consistency in how superannuation funds report costs and fees to members. While sound in principle, the draft measure is problematic in practice, especially for private equity
Australia’s lower middle market is rich in investment opportunities but underpenetrated by private equity. Local family offices are increasingly keen on participating, although in their own way
Singapore’s Temasek Holdings has opened an office in San Francisco, expanding its US presence following the establishment of a New York office in 2014.
Azerbaijan’s state oil fund (SOFAZ) has agreed to invest $100 million in a Japan-focused logistics vehicle being raised by e-Shang Redwood (ESR), a pan-Asian logistics services company that has a string of private equity backers.
Switzerland-based wealth management firm and PE fund-of-funds Unigestion has acquired the Europe-focused private equity business of its rival Akina Partners.
The launch of several huge government-backed funds has skewed renminbi-denominated fundraising in China. What does their arrival mean for valuations and for the nascent independent LP community?
India’s new Union Budget includes several measures intended to provide much-needed clarity related to tax burdens for investors in Indian companies including private equity funds.
The Hong Kong Monetary Authority (HKMA) plans to increase investments from the its long-term growth portfolio (LTGP) – the majority of which is deployed in private equity – in response to a “high complex and unpredictable” global political and...
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to MBK Partners’ fourth North Asia buyout fund, which closed at $4.1 billion in December 2016.
The Dietrich Foundation has an unusually large allocation to PE and VC, and to China venture capital in particular. CIO Edward J. Grefenstette discusses the considerations that underpin this exposure
With the pace of fundraising picking up in China's venture capital industry, offshore LPs face challenges keeping up with the latest developments