Canada Pension Plan Investment Board (CPPIB) has committed up to $500 million to Alpha Data Centre Fund (ADCF), a data center-focused PE fund managed by Singapore conglomerate Keppel Group.
Orchid Asia is targeting $900 million for its seventh fund and has won a $75 million commitment from Pennsylvania Public School Employees’ Retirement System (PSERS). It expects to do a first and final close in November.
Hartley Rogers, chairman of Hamilton Lane, discusses how the global fundraising boom reflects a larger private equity investment opportunity and why LPs are honing their approaches to the asset class
Ardian has raised large amounts of capital on the basis of a big-ticket secondaries strategy. Jan Philipp Schmitz, a managing director with the firm, discusses where investor demand is heading
Korean institutional investors favor private debt over other alternatives asset classes because of its long tenor and stable cash flows. Multi-credit strategies are likely to launch as more capital is allocated overseas
Asia Alternatives has secured $1.8 billion for its latest fund-of-funds in less than five months on the market
Asia Alternatives has reached a final close of $1.8 billion across its fifth private equity fund-of-funds and a number of related vehicles.
Traditionally perceived as a recourse for private equity firms in trouble, GP-led secondary transactions are starting to be used by brand-name managers as a liquidity solution for LPs
The Asian Development Bank (ADB) has invested $60 million in OrbiMed Asia Partners III, the third Asian private equity fund of healthcare-focused GP OrbiMed.
Australian institutional investors are responding to rising valuations in the core infrastructure space by moving up the risk curve into more opportunistic assets – and domestic pricing pressure is also expected to lead to higher emerging markets allocations.
A diverging supply-demand dynamic in private equity fundraising is threatening the GP-LP alignment of interest. Concessions on both sides are needed in the interests of long-term stability
Assets held by the largest pension funds and sovereign wealth funds in Asia Pacific increased 7% year-on-year – outpacing the global growth rate of 6.1% - to $3.7 trillion in 2016 on the back of strong, though volatile, equities markets.
Interest from foreign LPs in Korea’s middle-market is rising, but the segment is still dominated by domestic institutional investors. Changes to this dynamic are unlikely to arrive soon
On a recent US trip North American LPs shared their views of the institutional funding zeitgeist
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to ADV Partners’ second Asian special situations fund. The PE firm closed its debut vehicle at $545 million in 2015.
Pennsylvania State Employees’ Retirement System (PennSERS) has extended its long-standing relationship with Asia Alternatives, allocating $50 million to the firm’s latest fund-of-funds product and a further $50 million to a separate account.
The Willis Towers Watson global alternatives survey offers few surprises in terms of where investors are putting their capital, but there are some interesting developments in which investors are providing it
Allstate Investments has gradually increased its exposure to private equity – and Asia specifically – over the last 12 years or so, but the current bullishness around the asset class is cause for concern
The CIO of South Korea’s National Pension Service (NPS) has submitted his resignation, seven months before the end of his two-year tenure.
As banks look to reduce their exposure to Asian non-performing loans (NPLs), private lenders that can offer more flexibility on terms are seeing increased opportunities for investment, industry professionals told the AVCJ Singapore Forum.
Hamilton Lane has opened an office in Sydney and hired James Martin, who previously spent five years at Partners Group focusing on institutional sales and deal origination, to lead local operations.
Texas County & District Retirement System (TCDRS) has committed $30 million to IDG Capital’s latest China venture capital fund – the first to be raised since the GP acquired the global investment business of International Data Group (IDG).
HarbourVest Partners has closed its fourth global co-investment fund at $1.75 billion, having raised the hard cap from $1.5 billion.
Keeping up with the pace of change in Asian private equity – particularly in terms of people moves – is one of the biggest challenges for institutional investors based outside of the region.