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 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 Fund Management has tokenised its latest private equity fund-of-funds, allowing for a minimum commitment size of USD 10,000.
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 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.
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.
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
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 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.
Temasek Holdings-owned Azalea Asset Management has raised USD 805m for a second fund-of-funds intended to broaden investor access to private equity.
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
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
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
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 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.
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
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).
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 has promoted Chris Choi, who is responsible for business development and client services in Asia, from senior vice president to managing director.
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.
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 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.
China Ping An Insurance Overseas Holdings has aspirations to manage assets for third-party investors. Spinning out part of the global private equity portfolio may help it get there
HQ Capital has raised $750 million for its latest global private equity fund, which will pursue primary, secondary and co-investments in Asia, Europe, and the US.