Asia
LP interview: Natixis
Natixis Investment Managers is leveraging a novel affiliate-manager structure to grow fund exposure in Asia in a sustainable way. Alternatives, and increasingly private equity, are driving much of the progress
CPPIB increases co-investments, fund check sizes in Asia
Canada Pension Plan Investment Board (CPPIB) closed a record nine direct private equity deals in Asia during the 2019 financial year, while writing down one of its largest existing co-investments in the region.
Impact investment faces tricky path to standardization
Impact investing has reached a “fundamental inflection point” in terms of the availability of investment opportunities and interest from LPs, but the institutionalization process is not straightforward.
Carlyle's Rubenstein champions emerging markets
The bloom has faded from the rose in emerging markets in recent years, which means it is an opportune time to invest in these geographies, according to David Rubenstein (pictured), co-founder and co-executive chairman of The Carlyle Group.
L Catterton's Asia team to spin-out, raise growth fund
The bulk of the L Capital Asia team that merged with Catterton in 2016 to form L Catterton, a global consumer-focused private equity firm, is spinning out to raise a $750 million Asia growth fund.
Temasek, Horizon lead $300m round for Impossible Foods
Singapore’s Temasek Holdings and Horizon Ventures have led a $300 million round for Impossible Foods, a US vegetarian food technology company expanding into Asia.
TA closes global growth fund at $8.5b hard cap
Global growth equity investor TA Associates has reached a first and final close on its latest fund – TA XIII – at the hard cap of $8.5 billion.
PE investors pursue strategic sale of The Executive Centre
HPEF Capital Partners and CVC Capital Partners have launched a sale process for The Executive Center (TEC), a serviced office provider with locations across Asia Pacific.
TPG backs European jewelry brand with strong China focus
A TPG Capital-led consortium will acquire a 30% stake in APM Monaco, a jewelry brand that was established in Europe nearly 40 years ago and now has its largest retail footprint in China.
NewQuest seeks $850m for fourth Asia secondaries fund
NewQuest Capital Partners, an Asia-focused secondaries specialist in which TPG Capital acquired a minority stake last year, has set a target of $850 million for its fourth fund.
EVs: Chemical balance
Investors targeting electric vehicles must consider strategies that support the underlying technical development of the industry. The underdeveloped battery segment is ripe for digitization
B Capital reaches $406m first close on second fund
B Capital Group, a US venture capital firm with a strong Asia focus established by Facebook co-founder Eduardo Saverin, has reached a first close of $406.1 million for its second fund.
Baring Asia gets $300m fund commitment via HSBC private bank
HSBC Private Banking has raised approximately $300 million from its clients for Baring Private Equity Asia’s latest pan-regional fund.
Deal focus: Airwallex plots Asia payments expansion
Airwallex recently became Australia's newest unicorn following a $100 million Series C round, but the company's growth is largely based on an understanding of Chinese demand. Regional expansion is now the priority
PAG appoints KKR dealmaker as India PE head
PAG has hired Nikhil Srivastava from KKR to lead its India private equity operations as the firm looks to expand its coverage of the country.
Q&A: Lalamove's Blake Larson
Hong Kong delivery start-up Lalamove recently raised $300 million in Series D funding. Blake Larson, head of the company’s international division, discusses business models, cross-border expansion, and vehicle sales
Asia PE: Shifting sands
The private equity industry in Asia is bifurcating on various trend lines around fundraising, exits, and institutionalization. GPs may require a more complex playbook to survive and thrive
Institutional investors: China access
Are concerns over trade and the economy causing US LPs to back away from Chinese private equity? The more pertinent question is whether - and how - they already have exposure to the market
Asian PE firms still struggle with tech investments - Bain & Co
Private equity firms are deploying increasing amounts of capital into Chinese internet plays without having a clear understanding of what the target businesses are worth or how to add value to them, according to Bain & Company.
Brookfield to buy majority stake in Oaktree
Brookfield Asset Management has agreed to acquire a 62% stake in Oaktree Capital in a deal worth about $4.7 billion.
HSBC, Singtel join $25m round for Singapore's CXA
Singapore-based digital health start-up CXA Group has raised $25 million in funding from a string of strategic backers, including HSBC and the Asia investment arms of Singtel and Sumitomo Corporation.
Bain & Co names new Asia Pacific head
Bain & Company has appointed Satish Shankar as regional managing partner for Asia Pacific, replacing Dale Cottrell, who has held the position for the past six years.
HarbourVest promotes Minjin Chung to managing director
HarbourVest Partners has promoted Minjin Chung (pictured), a principal based in Korea, to the level of managing director with responsibility for North Asia.
KKR hires Goldman's Asia ex-Japan investment banking head
KKR has appointed Kate Richdale, formerly chairman of investment banking for Asia ex-Japan at Goldman Sachs, to the new position of head of strategy and business development for Asia Pacific.