Articles by Tim Burroughs
Advent raises $13b for global fund
Advent International has closed its eighth global fund at the hard cap of $13 billion after approximately six months in the market.
Japan's GPIF appoints new president
Japan’s Government Pension Investment Fund (GPIF) has appointed Norihiro Takahashi, a long-standing executive at Norinchukin Bank, as its president.
China hospitals: Long-term cure?
Hospitals have emerged as a phenomenally popular target for private equity in China, but it may take time for ambitious growth projections to be realized
Asian outlier: Standard Chartered and secondaries direct
Over the past three years, Standard Chartered has completed Asia’s largest secondary direct deal and put its PE unit in a position to raise fresh capital. But it is not necessarily a harbinger of things to come
Sequoia targets $1.45b for China VC, growth funds
Sequoia Capital is expected to raise up to $1.45 billion for its latest China venture and growth funds, having penciled in April 7 for a final close.
Primavera, JC Flowers back Anbang's $13b Starwood bid
Primavera Capital and J.C. Flowers & Co. have been confirmed as co-investors in a $13.1 billion all-cash offer for Starwood Hotels & Resorts Worldwide submitted by China-based Anbang Insurance Group.
Partners Group raises $2.8b for global secondaries program
Partners Group has closed its sixth dedicated private equity secondary program at the hard cap of EUR2.5 billion ($2.8 billion).
Baring, Glenwood to buy LafargeHolcim's Korea business
Baring Private Equity Asia has agreed to buy LafargeHolcim’s Korea-based cement business in a joint deal with local GP Glenwood Private Equity worth approximately KRW560 million ($482 million).
Bain buys China hospital operator
Bain Capital has acquired a majority stake in China-based hospital operator Asia Pacific Medical Group (APMG) for $150 million. With many investors pursuing hospital roll-up strategies – and pushing up M&A valuations – it will focus on expanding the...
VIDEO: Lunar Capital's Derek Sulger
The key to persuading a Chinese entrepreneur to give up control of a company is not to approach him as a private equity firm, but as someone who knows how to run the business, says Derek Sulger, a partner at mid-market consumer buyout firm Lunar Capital
Deal focus: European GPs net 17x return on China play
Punch Powertrain took advantage of gaps in China's auto supply chain to become the leading independent transmission supplier. It has turned out to be a hugely successful investment for Gimv and Capricorn Venture Partners
China unicorns: Which bubble?
Differentiated business models and strong underlying consumer demand are integral to identifying a start-up that can reach a $1 billion valuation - and retain it once the bubble bursts
AID Partners to list HMV in Hong Kong via reverse merger
AID Partners is poised to list the HMV Asia business in Hong Kong through a reverse merger, a couple of weeks after making a partial exit from the music and movie retailer to Japan’s World Innovation Lab (WiL).
Korea's POBA to double offshore PE allocation
South Korea’s Public Officials Benefit Association (POBA) plans to double its allocation to offshore private equity funds this year to $200 million.
NewQuest reaches first close on Fund III, hires ex-CVC executive
Direct secondaries specialist NewQuest Capital Partners has reached a first close of just over $500 million on its third fund, beating the initial target for the entire vehicle.
New Horizon, Gimv agree sale of Punch Powertrain to China's Yinyi
Several PE investors, including China’s New Horizon Capital and Europe-focused Gimv, have agreed to sell Belgium-based Punch Powertrain to Chinese real estate developer Yinyi Group at a valuation of around EUR1 billion ($1.1 billion).
Q&A: L Capital Asia's Ravi Thakran
Following the announcement of L Capital's merger with Catterton, Ravi Thakran, managing partner and chairman of L Capital Asia, discusses the implications of the deal and shares his views on the investment climate
Direct investment: Embracing the unorthodox
The effect of direct investment and co-investment by LPs is more profound than often realized, and has consequences for the future of fundraising
Australian LPs consider diversified approaches to PE - AVCJ Forum
Australian LPs are increasingly interested in non-traditional structures in private equity as they find that fund investment programs no longer offer the flexibility, fee burden and scale of deployment to meet their needs.
Relationships key to raising capital from family offices - AVCJ Forum
Relationship-building should underpin fundraising efforts targeting family offices, with an emphasis on understanding individual needs and motivations, industry participants told the AVCJ Australia & New Zealand Forum.
Australian LPs make for sophisticated co-investors - AVCJ Forum
Australian superannuation funds are more sophisticated co-investors than their US counterparts, but the ability of LPs across the industry to participate in these deals remains limited.
Oaktree opens Australia office
Oaktree Capital Group has opened its first office in Australia, with Byron Beath, previously of Macquarie Bank, appointed to lead investment activities in the region.
Investec backs Australia fintech investor H2 Ventures
Investec has acquired a stake in Australia-based financial technology investor H2 Ventures. It is part of a broader collaboration that will see Investec contribute to H2’s accelerator and early-stage investment program.
KKR appoints Scott Bookmyer as Australia head
Scott Bookmyer, COO of KKR’s Asian operation, has been given the additional role of head of Australia. He will relocate from Hong Kong to Sydney and start work in July.