Neuberger Berman has established an onshore investment management business in China that is expected to enable the firm to distribute private fund products to local clients.
Sandiaga Uno, one of the founding partners of Indonesia-focused GP Saratoga Capital, has been elected deputy governor of Jakarta. Uno and his running mate Anies Baswedan (pictured right, with Uno), a former education minister, secured a comprehensive...
The increases in private equity compensation seen at all levels in recent years appear to be abating, with only about one third of industry professionals reporting a jump in base salary in 2016 over the previous year.
Providence Equity Partners, which invests globally in communications and media-related companies, is scaling back its India business, with country head Biswajit Subramanian (pictured) set to leave the firm.
The Riverside Company has appointed a second partner in six months in Australia, with the promotion of Steven Spiteri, who has been with the firm since 2010.
Kuo-Chan Kung, former head of Greater China at MBK Partners (pictured), is launching his own private equity firm called Nexus Point Partners.
The investment arm of Hubert Burda Media, a European technology and media company that has made LP commitments to several Southeast Asia-focused venture capital funds, has opened an office in Singapore.
B Capital Group has hired former Eight Roads Ventures managing director Kabir Narang as an investment partner in Singapore.
CVC Capital Partners is planning to open its first India office as it aims to grow its business in the country, AVCJ understands.
GGV Capital has appointed Eric Xu (pictured), former managing director of SIG Investment Asia, as managing partner in its Shanghai office.
Philip Bilden, the former Asia head of HarbourVest Partners, has withdrawn himself from consideration to be US navy secretary, citing potential conflicts with his family’s business interests.
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.