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.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the Abraaj Group’s global credit fund.
Temasek Holdings saw its portfolio hit a record high of S$275 billion ($199 billion) for the 12 months ended March, but the Singapore government-controlled investment fund warned that the global economy is still plagued by uncertainties.
Cambodia, Laos and Myanmar are among the last frontier markets in Asia but well positioned to benefit from accelerating interest in the ASEAN region. Private equity success will require a nimble approach
China Investment Corporation (CIC) increased its alternatives exposure by a few percentage points to 37.24% for the year ended December 2016 as its international portfolio rebounded from a loss in 2015 to post an investment return of 6.22%.