
VIDEO: CLSA Capital Partners' Christopher Seaver
Why are you still captive? Christopher Seaver, CEO of CLSA Capital Partners, is asked this question by LPs all the time. And the answer is rooted in parent company CLSA’s history as an independent brokerage and research house, albeit with a few investment banking activities tacked on
"The drivers that pushed investment banks to divest their PE businesses don't necessarily pertain to us," Seaver tells AVCJ TV. "CLSA has never done what the large US and European investment banks have done, which was use PE as a source of significant revenue in the investment banking business. It was really a homegrown entity that grew out of the independence model."
He adds that LPs see the private equity division's ties to the CLSA brand as a strength rather than a weakness.
CLSA Capital Partners has $2.7 billion in assets under management through a collection of funds targeting real estate, Japanese mid-market buyouts, cleantech, mezzanine and transport. Like other private equity investors, the firm has seen favorable returns in China, but Seaver also points to Japan as a standout performer.
"Japan isn't necessarily the top of many people's lists for private equity, but our Japan buyout fund has been our single best performer," he says.
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