Fund-of-funds
HarbourVest opens Australia office
HarbourVest Partners has opened an office in Sydney on the back of claimed recent success in cultivating institutional and private wealth clients in Australia and New Zealand.
Asia's Emerald Hill makes top 10 in global fund-of-funds ranking
Emerald Hill Capital Partners, which closed its last fund in 2014 and decided against raising a successor vehicle several years ago, is the sole Asian representative in the top 10 of a global fund-of-funds performance ranking compiled by business school...
Fund focus: LGT eyes a buying opportunity
As LGT Capital Partners starts deploying its USD 1.65bn Asia fund-of-funds, it hopes that rationalising valuations and some consolidation of GP relationships will contribute to a strong vintage
LGT raises $1.65b for Asia fund-of-funds
LGT Capital Partners has closed its fifth Asia-focused fund-of-funds with USD 1.65bn in commitments, up from approximately USD 1bn in the previous vintage.
Singapore’s Fullerton tokenises PE fund-of-funds
Singapore’s Fullerton Fund Management has tokenised its latest private equity fund-of-funds, allowing for a minimum commitment size of USD 10,000.
Singapore's Azalea launches sustainability fund-of-funds
Temasek Holdings-owned Azalea Investment Management has launched its first sustainability fund-of-funds, which will target opportunities that deliver positive environmental and social outcomes alongside private equity-style financial returns.
HarbourVest closes latest fund-of-funds at $1.6b
HarbourVest Partners has closed its latest flagship private equity fund-of-funds, which will target Asia Pacific and Europe, at USD 1.6bn, beating a target of USD 1.25bn.
Ex-Hostplus PE head launches state-level early-stage fund
V-Ignite, an investment firm established by the former PE and VC head at Australian superannuation fund Hostplus, is looking to raise AUD 120m (USD 86m) for a fund-of-funds that will support managers in the state of Victoria.
LP interview: Adams Street Partners
Adams Street Partners believes having a close-knit Asia team, which cuts across geographies, sectors, and stages, informs a big-picture view that enables it to look beyond near-term dislocations
Fund focus: Asia Alternatives rides out chaos
Regulatory tumult in China has not materially shaken LP faith in Asia Alternatives or the fund-of-fund manager’s commitment to China – but an increased India allocation is likely in the latest vintage
Asia Alternatives fund-of-funds closes on $2b
Asia Alternatives has reached a final close of USD 2bn for its sixth private equity fund-of-funds and several related vehicles. It is the firm’s largest raise since its inception in 2015.
Singapore's Azalea raises second fund-of-funds
Temasek Holdings-owned Azalea Asset Management has raised USD 805m for a second fund-of-funds intended to broaden investor access to private equity.
LP interview: Pictet
Switzerland-headquartered private bank Pictet is adding headcount in Asia – to assess investments as well as woo clients – as the introduction of new strategies increases exposure to the region
Asia fundraising: Fortune favors the bold?
LPs cannot survive indefinitely on re-ups and new commitments to managers they know well. Questions are being asked internally as to what it would take to back an Asian GP sight unseen
LP interview: Tikehau Capital
Having built out its business aggressively in Europe in recent years, Tikehau Capital is eyeing steady Asian expansion. This means more PE investment in the region and – potentially – more strategic additions
Fund focus: Unicorn does the hard yards
Six-year-old Unicorn Capital Partners has closed its latest China VC vehicle at the hard cap of $450 million, proving there is demand for fund-of-funds that offer something different
HarbourVest opens in Singapore, boosts Asia investment team
HarbourVest Partners has expanded its Asia footprint by adding an office in Singapore and strengthened its Hong Kong team with the recruitment of Lydia Hao from Neuberger Berman.
Unicorn raises $450m for VC fund-of-funds
China-focused venture capital fund-of-funds Unicorn Capital Partners has closed its latest vehicle at the hard cap of $450 million. The process took six months and the fund was oversubscribed
BRICS bank commits $100m to India state-backed fund-of-funds
NIIF Fund of Funds, a rupee-denominated fund-of-funds vehicle anchored by the Indian government, has reached the $800 million mark following a $100 million commitment from the country’s New Development Bank (NDB).
Pathway promotes head of Hong Kong office
Simon Lau, who has led the Asian operations at fund-of-funds Pathway Capital Management since 2012, has been promoted to managing director.
Portfolio Advisors promotes Asia fundraiser
Portfolio Advisors has promoted Chris Choi, who is responsible for business development and client services in Asia, from senior vice president to managing director.
Ex-Capital Dynamics executive gets Japan fund-of-funds mandate
Kazushige Kobayashi, formerly of Capital Dynamics, has won a fund-of-funds mandate from the Tokyo government to be managed by a dedicated team set up under Asian alternatives group MCP Asset Management.
Asian fund-of-funds: Local linchpins
The Asian fund-of-funds community has shrunk considerably over the last 10 years as a result of M&A, withdrawals and repositioning. How do the survivors, from Axiom Asia and Asia Alternatives down, deliver value to LPs?
Axiom closes latest Asia fund-of-funds at $1.8b
Axiom Asia has closed its sixth pan-regional fund-of-funds at the hard cap of $1.8 billion, claiming that the economic fallout from COVID-19 has created more investment opportunities.
