Performance
GIC's PE allocation unchanged as 12-month overall return rises
GIC Private’s PE allocation remained static at 9% last year as the Singapore sovereign wealth fund posted a 20-year annualized return of 4.9% for the 12 months ended March 2015, up from 4.1% in 2014.
Graybeards: External directors and PE portfolio companies
Just over eight years ago, I penned an article for another publication on the role of independent directors at Chinese state-owned enterprises (SOEs). This was mid-2007, and China Construction Bank (CCB), Bank of China (BoC) and Industrial & Commercial...
LPs positive on Asia, weakening on China - survey
LPs are becoming more positive on Asia Pacific as they see an improved risk-reward profile in several markets, but their outlook on China has worsened compared to three years ago, according to a survey.
China's NSSF posts 11.7% investment return for 2014
China’s National Council for Social Security Fund (NSSF) generated an investment return of 11.69% in 2014, up from 6.2% the previous year.
Institutional investors: Join the club
Tales of large pension funds and sovereign wealth funds gathering in five-star hotels to map out their ultimate dominance of private equity are legion, if perhaps overblown.
AVCJ daily bulletin returns May 4
AVCJ's daily bulletin will not be published on Friday May 1 due to the Labor Day public holiday in Hong Kong.
Korea’s NPS ups alternatives exposure to 9.9%
The National Pension Service of Korea (NPS) increased its alternatives allocation from 9.4% to 9.9% over the course of 2014 as total assets grew by 10.3% to reach KRW470 trillion ($435 billion).
LP Interview: SunSuper's Michael Weaver and HOSTPLUS' Neil Stanford
Michael Weaver, private markets manager at SunSuper, and Neil Stanford, investment manager for private equity at HOSTPLUS, discuss portfolio composition and performance.
Australia's Future Fund ups PE allocation to 9.5%
Australia’s Future Fund increased its private equity allocation from 7.7% to 9.5% over the course of 2014 as total assets under management reached A$109 billion ($85 billion). The return for the 12 months ended December was 13.2%.
CalPERS sees improvement in PE portfolio performance
The California Public Employees’ Retirement System (CalPERS) saw an improvement in performance from its private equity portfolio in the year ended June 2014, although buoyant public markets led the strong short-term returns.
Western LPs still expect Asian PE to deliver a risk premium
Asia has become an established part of most North American and European LPs’ global private equity portfolios, but they still expect the region to deliver a risk premium over their home markets.
China PE returns stunted by public market performance
Returns over the past five years have been disappointing for Chinese private equity, say industry participants, but performance must be judged in the context of the region's public markets.
AVCJ daily bulletin returns January 2
AVCJ's daily bulletin is taking a short break for the festive holiday season.
AVCJ Awards supplement available for download
The supplement featuring winners of the 2014 AVCJ Private Equity and Venture Capital Awards that appeared with last week’s issue of the magazine is now available for download.
Affinity named firm of the year at AVCJ Awards
Affinity Equity Partners was named firm of the year at the 2014 AVCJ Private Equity and Venture Capital Awards on the back of a strong fundraise, investments in three different markets, and the largest trade sale exit ever seen in the region.
Q&A: HEC's Oliver Gottschalg
Oliver Gottschalg, professor at HEC School of Management and head of research at PERACS, a quantitative analytics provider to the PE industry, explains why IRR is not the best judge of performance
Asia PE performance: Special measures
Asian private equity has, by some accounts, failed to meet LP expectations in terms of risk-adjusted returns. With GPs under pressure to show they can be company builders, is specialization the inevitable end game?
AVCJ Awards: Explaining the changes for 2014
It’s that time again. Each Autumn, competition between Asia’s PE and VC firms expands beyond deal-making and fundraising as they vie for top honors in the AVCJ Private Equity & Venture Capital Awards. Public voting is currently underway and closes...
Voting for the 2014 AVCJ Awards has now closed
Voting for the 2013 AVCJ Private Equity & Venture Capital Awards has now closed. Thank you for taking the opportunity to pay tribute to the leading fundraises, investments, exits, individuals and firms of the past 12 months.
Korea's KIC more than doubles PE exposure in 2013
Korea Investment Corporation’s (KIC) private equity investments more than doubled in size to $2.6 billion over the course of 2013 as total assets increased 27% year-on-year to reach $72 billion.
AVCJ daily bulletin returns September 10
There will be no AVCJ bulletin on September 9 due to a public holiday in Hong Kong marking the Mid-Autumn Festival.
A new, improved AVCJ Awards
As Asia’s private equity market deepens and becomes more diversified in terms of asset class, deal size and structure, and geography, the way we asses performance must evolve. The AVCJ Awards are and must remain limited in number – it is vital to...
Nominations for the 2014 AVCJ Awards have now closed
Nominations for the 14th AVCJ Private Equity & Venture Capital Awards have now closed.
China's CIC sees 9.3% gain on overseas investments in 2013
China Investment Corporation (CIC) saw a 9.3% return on its international portfolio in 2013 as strong stock market performance saw the sovereign fund’s exposure to public equities rise at the expense of other assets classes, including long-term investments...