Fund-of-funds
IFC raises $280m for global climate change fund-of-funds
International Finance Corporation (IFC), the private investment arm of the World Bank, has received $280 million from the governments of Canada and the UK and Azerbaijan’s sovereign wealth fund for its climate change fund-of-funds.
VIDEO: Ralph Jaeger of Siguler Guff
Pockets of growth in lower-tier cities continue to present the most enticing opportunities for emerging markets investors, says Ralph Jaeger, managing director and co-portfolio manager of Siguler Guff’s BRIC Opportunities Funds
Ascalon's Chuak Chan promoted from Asia head to CEO
Ascalon Capital Managers has appointed Chuak Chan as CEO. He joined the Australia-headquartered firm last year as head of Asia, having previously worked at Hong Kong hedge fund Segantii Capital Management, ING Investment Management and Bankers Trust in...
Hamilton Lane targets $400m FOF, 15% for emerging markets
Hamilton Lane is targeting $400 million for its latest fund-of-funds vehicle, with 15% of the capital earmarked for emerging markets. According to a document sent to prospective investors, Fund VIII promises a fairly even distribution between US and European...
Shanghai Private Equity Association to launch fund-of-funds
Shanghai Private Equity Association will partner with CITIC Securities and Bank of Shanghai to establish a RMB3 billion ($482 million) fund-of-funds.
Squadron’s Prasanna joins Morgan Creek in Shanghai
Anand Prasanna, known to many in the industry as Anand RP, will join Morgan Creek Capital Management as a director in their Shanghai office. He left his previous position as an investment director at Squadron Capital, an Asia-focused fund-of-funds, two...
GPs must improve IR in tough fundraising environment - AVCJ Forum
It is imperative that GPs build better relationships with end investors if they hope to secure re-ups in an increasingly challenging fundraising environment, industry participants told the AVCJ Forum.
AXA PE opens Beijing office, reaches halfway point on third Asia fund
AXA Private Equity has opened an office in Beijing as part of efforts to boost north Asia exposure as it seeks to raise $500-600 million for a third regional fund. With AXA Capital Asia II now 80% deployed, the firm reached a first close of $300 million...
Anand Prasanna leaves Squadron Capital
Anand Prasanna, an investment director at Squadron Capital has left the firm after five years to join another Asia-focused fund-of-funds. He will start his new job in mid-December.
FLAG buys Asian fund-of-funds Squadron Capital
Asia-focused fund-of-funds Squadron Capital has been sold to FLAG Capital Management. The acquisition will take US-based FLAG’s assets under management to $6 billion, up from $4.5 billion, and broaden its product offering across private equity, venture...
Moogwi Kim leaves Asia Alternatives
Moogwi Kim, an investment associate at fund-of-funds Asia Alternatives, has left the company. He plans to spend a year studying in France and Singapore before returning to the market in 2014.
China’s fund-of-funds experiment
China has started to witness the emergence of renminbi-denominated fund-of-funds, but only a few institutional and individual investors appreciate their investment philosophy
LP interview: Allstate branches out
Unencumbered by the volatility that can restrict non-captive LPs, Allstate alters its PE portfolio to reflect fundamental changes in the market. It is scaling back on buyouts and scaling up on Asia
Secondaries: Access all areas?
With sophisticated regional players at one end and smaller novices at the other, navigating Asia’s nascent secondaries market requires patience, teaching skills and reliable information channels
Anubha Shrivastava leaves CDC
Anubha Shrivastava has left CDC, the UK government's development finance arm, where she served as managing director with responsibility for Asia investments.
Asia Alternatives raises $1.5b, closes third fund
Asia Alternatives has raised $1.5 billion to invest in private equity and venture capital across Asia. The corpus is divided between $908 million for its Asia Alternatives Capital Partners III vehicle and another $600 million in separate accounts. This...
Munich Private Equity Partners opens office in Shanghai
Munich Private Equity Partners (MPEP) has opened an office in Shanghai as it looks to increase investment allocations to Asian markets.
Pantheon closes sixth Asia fund at over $700m
Pantheon has secured more than $700 million for its sixth Asia-focused fund-of-funds, sources confirmed to AVCJ. The amount raised for Pantheon Asia Fund VI surpasses earlier speculations which put the amount at $500-600 million.
BlackRock to acquire Swiss Re Private Equity Partners
BlackRock is buying Swiss Re Private Equity Partners (SRPEP), the European private equity and infrastructure fund-of-funds arm of Swiss Re. The transaction will allow BlackRock’s existing FoFs group – BlackRock Private Equity Partners - to extend...
PennSERS commits $50m to Asia Alternatives’ third fund
The Pennsylvania State Employees’ Retirement System (PennSERS) has committed $50 million to Asia Alternatives' third fund-of-funds, which was launched early last year with a target of $1 billion. As of September 2011, it had attracted $375 million,...
Boris Bong leaves Squadron Capital for J.P. Morgan
Boris Bong, a managing director at Hong Kong-based fund-of-funds Squadron Capital, has left the company. He is joining J.P. Morgan Asset Management’s private equity group, also as a managing director.
Vermont state pension funds commit $75m to HarbourVest
A HarbourVest Partners fund targeting Europe, Asia and emerging markets has received a $10 million commitment from the Vermont Pension Investment Committee (VPIC). It is part of a $75 million investment by the committee, which represents pension funds...
HarbourVest to open Beijing office
HarbourVest Partners plans to open a Beijing office and has appointed Sally Shan to lead its operations in mainland China. Shan, who previously served as managing director and head of Asia technology investment banking at J.P. Morgan Securities Asia Pacific,...
CDB Capital raises $1.4b for fund-of-funds
CDB Capital, the fund management arm of China Development Bank, has reached a second close of RMB9 billion ($1.4 billion) for its new private equity fund-of-funds.