Meituan-Dianping, a China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has launched a RMB3 billion ($436 million) fund that will make early-stage consumer sector investments.
Silicon Valley-based early-stage investor 500 Startups has appointed Edith Yeung as Greater China partner, replacing Rui Ma who left the firm last year to launch her own fund.
Pricoa Capital Group, a private debt investment group under PGIM, Prudential Financial’s global asset management business, has established a team in Sydney to target middle market opportunities in Australia and New Zealand.
Matthew Cyriac (pictured), co-head of The Blackstone Group’s India private equity team, has left the firm to run his own asset management business.
Bert Kwan, who served as head of ASEAN private equity at Standard Chartered Private Equity (SCPE) until November of last year, has joined Northstar Group as a managing director.
T.K. Kurien, the vice-chairman of Indian IT services company Wipro Group, has been named managing partner and chief investment officer at Premji Invest, the family office of Wipro chairman Azim Premji (pictured).
President Donald Trump has announced that Philip Bilden, who previously led the Asia operation of HarbourVest Partners, will be his nominee for US navy secretary.
Baird Capital, the direct private investment arm of Robert W. Baird & Co, has recruited Andy Tse, formerly managing director of AIF Capital, as a partner.
Skadden has appointed Geoffrey Chan, formerly head of the Asia private investment funds practice at Ropes & Gray, as partner and head of its Asia Pacific investment management practice.
The Carlyle Group has promoted Sunil Kaul (pictured), who leads buyout operations in Southeast Asia, from managing director to partner. His is one of 62 senior promotions announced by the firm, of which 15 are Asia-based professionals.
Korea Teachers’ Pension has appointed David Park, formerly CIO of Allianz Life Insurance Korea, as its new chief investment officer. His two-year term began on January 2.
HarbourVest Partners has promoted Hong Kong-based Kelvin Yap, who focuses on growth equity and buyout investments in Asia Pacific, to managing director.
Europe-Asia cross-border focused PE firm Mandarin Capital Partners has hired Inna Gehrt and Andrea Tuccio for its German and Italian offices, respectively.
Bala Naidu, an India-based managing director at Baring Private Equity Asia, has left the GP to start his own PE firm.
General Atlantic has promoted Mumbai-based Shantanu Rastogi and Hong Kong-based Erin Chang.
Ontario Teachers’ Pension Plan (OTPP) has promoted Jo Taylor to senior international managing director. He will also serve as interim head of Asia Pacific as Nicole Musicco, the current head, returns to Toronto to lead OTPP's public equities unit.
Chinese GP CITIC Private Equity has teamed up with Yale School of Management to provide customized management training courses to senior executives from its portfolio companies.
IFM Investors, an investment manager owned by 29 Australian superannuation funds, has opened an office in Hong Kong and been granted a license by the Securities & Futures Commission.
Actis has opened an office in Hong Kong that will primarily be used for investor relations and client services activities in Asia, including Australia and New Zealand. The firm already has bases in Beijing and Mumbai.
Singapore’s GIC Private has promoted Chow-Kiat Lim, currently its group chief investment officer, to the post of CEO, replacing Siong-Guan Lim, who will retire.
PE investors must focus on speed and forward planning when implementing strategies across team building, operational improvements and crisis management, industry participants told the AVCJ Forum in Hong Kong.
ShoreVest Capital Partners is bidding on its first Chinese non-performing loan (NPL) portfolios since the core team members departed Shoreline Capital.
Shaw Kwei & Partners has appointed Peter Ko as managing director in the firm’s Hong Kong office and David Hudson as senior advisor in New York.
Standard Chartered Private Equity (SCPE) CEO Joe Stevens and Bert Kwan, who was responsible for investment activity in Southeast Asia, have both left the firm. This leaves Nainesh Jaisingh in sole charge of the bank’s PE unit.