Articles by Tim Burroughs
Q&A: Employee Provident Fund's Datuk Shahril Ridza Ridzuan
Malaysia's Employees Provident Fund (EPF) is a relatively new but increasingly significant part of the global PE landscape. Datuk Shahril Ridza Ridzuan, the fund's CEO, outlines the strategy
Q&A: Ekuinas' Dato' Abdul Rahman Ahmad
Part of Ekuinas' mandate is to foster the development of a domestic private equity industry in Malaysia. Dato' Abdul Rahman Ahmad, CEO of the government-supported fund, explains its approach
LPs suffer by chasing growth – AVCJ Forum
Investors in private equity funds are often preoccupied by analysis of potential growth trends and neglect close due diligence of a GP’s ability to generate value over a sustained period of time, industry participants told the AVCJ Korea Forum.
Asia fundraising: Big beasts
And just like that, it was done. This week The Carlyle Group closed its fourth Asian fund, drawing a line under a three-year process that has seen nearly all of the largest global and Asia-based private equity firms raise their first regional vehicles...
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.
Korean LPs: A targeted market
From the National Pension Service downwards, Korean institutions are increasingly courted by international GPs on the fundraising trail. Building ties with these groups, formally or informally, can be difficult
Q&A: Morgan Stanley PE Asia's Michael Chung
Michael Chung, Seoul-based managing director with Morgan Stanley Private Equity Asia (MSPEA), discusses the intricacies of buying businesses from local conglomerates – and the prospects for exits via trade sales and IPOs.
OrbiMed commits $15m to China's GC-Rise Pharma
OrbiMed has committed $15 million in Series B funding to GC-Rise Pharmaceutical, a Chinese healthcare services provider.
Tencent pumps $70m into China healthcare networking site
Tencent Holdings has invested $70 million into dxy.com, a Chinese networking and information-sharing site for healthcare professionals
China Exim Bank fund agrees $406m Poland wind farm JV
The China-CEE Fund, a $500 million vehicle backed by China Exim Bank that invests in Central and Eastern Europe, will partner Israel’s Enlight Renewable Energy to buy a controlling interest in two Polish wind projects for up to PLN1.3 billion ($406...
China's Baidu backs Finland-based indoor mapping start-up
Chinese internet giant Baidu has agreed to invest $10 million in IndoorAtlas, a VC-backed Finnish software developer that specializes in indoor mapping.
KKR loses India private equity head
Heramb Hajarnavis, a director and leader of KKR’s private equity business in India, is leaving the firm to pursue other opportunities.
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.
KKR completes full exit from China Modern Dairy
KKR has fully exited China Modern Dairy after a six-year holding period. The PE firm only held a small minority stake in the business, having made a substantial exit to China Mengniu Dairy last year.
State Street names new Asia alternatives head
State Street Corporation has appointed Bob Keogh as head of alternative investment solutions for Asia Pacific. Based in Hong Kong, he will assume responsibility for servicing private equity, hedge fund and real estate managers.
Australia's Future Fund promotes infrastructure head to CIO
Australia’s Future Fund has appointed Raphael Arndt as chief investment officer. He was previously head of infrastructure and timberlands with the sovereign wealth fund.
Banyan Capital invests $10m in Chinese air purifier firm
Banyan Capital has committed $10 million in Series A funding to Three Daddies, a Chinese air purifier maker.
Affinity invests $314m in Virgin Australia frequent flyer business
Affinity Equity Partners will pay A$336 million ($314 million) for a 35% interest in Virgin Australia’s frequent flyer program in a move that allows the airline to shore up its balance sheet.
FountainVest buys majority stake in US-based Key Safety Systems
FountainVest Partners has acquired a controlling interest in Key Safety Systems (KSS), a US-based auto components manufacturer that has considerable exposure to China. Canada Pension Plan Investment Board (CPPIB) is participating as a co-investor.
Forum Syneriges leads Series C round for India’s Attero
Forum Synergies has led a $15 million Series C round of funding for Attero, India’s largest electronic asset management company.
Hony raises $528m with another part exit from CSPC Pharma
Hony Capital has made its second partial exit from CSPC Pharmaceutical Group in three months, selling an 11% stake in the Hong Kong-listed Chinese generic drugs maker for HK$4.01 billion ($528 million).
Gulpreet Kohli to leave India's ChrysCapital
Gulpreet Kohli, the managing director at ChrysCapital Partners primarily responsible for fundraising, is leaving the firm. The Indian GP informed LPs of his impending departure last week.
Real assets not overpriced, if you know where to look - AVCJ Forum
There is no shortage of high-quality real assets available to private markets investors despite rising prices in certain areas, industry participants told the AVCJ Real Assets Forum. The onus is on investors to look beyond the obvious.