Funds
Speed bumps ahead for Asian private equity returns
Asia Pacific has had a very good GFC – almost too good.
What drives your private equity returns?
International investors may face something of a context shift when they look to enter Asia and actually derive returns from the region.
Korea's National Pension Service seeks Asia Pacific real estate with Pramerica
Korea’s $259 billion SWF the National Pension Service has said that it will seek to invest at least $400 million in Asian and Australian real estate assets through Pramerica Real Estate Investors, an investment arm of Prudential Financial Inc.
Fortress moves Levinson to Singapore for Asia push
Fortress Investment Group is transferring co-CIO of its global macro funds Adam Levinson to Singapore to lead a new office of around 10 personnel, which will build out the firm’s Asia presence.
KPCB raises RMB600 million so far for China fund
Silicon Valley VC firm Kleiner Perkins Caufield & Byers (KPCB) is raising an RMB-denominated fund to invest in Chinese companies, and has already raised RMB600 million ($89.4 million), according to reports.
Japan's Tonchidot com gets $12 million from local, global VCs
Tonchidot Corporation., a privately-held provider of mobile augmented-reality platforms in Japan, has raised $12 million in Series B funding from local and global venture capital firms.
Oak Investment Partners sets up shop in Mumbai
US-based VC firm Oak Investment Partners has opened an office in Mumbai - its first outside the US - intended to manage India-specific growth-capital investments out of its 13th fund, worth $770 million.
Industry Q&A: Bruno Raschle
Bruno E. Raschle, Executive Chairman at Zurich-based fund of funds Adveq Management, talks about Asia-focused trends among GPs, LPs and regulators, and what this implies for the future of the asset class in the region.
CalPERS PE data highlights MOR Asia
The California Public Employees Retirement System (CalPERS) has customarily acted as a bellwether for, and key influencer of, institutional support for private equity.
Russian roulette for PRC investing
The most populous country in the world, China, has been made out to be something of a promised land for private equity.
Which way for Asian private equity?
The release of CalPERS's latest fund performance results comes at an interesting time.
Carlyle's Marumo moves to Lazard
Masato Marumo, formerly an MD with Carlyle Group, who left the firm's Japan office earlier this year, has now joined Lazard Ltd. in Tokyo as an MD, where he will work closely with Yasu Hatakeyama, President and CEO of Lazard Frères Japan.
Khazanah forms clean energy investment JV with Camco
Khazanah Nasional, Malaysian's SWF, has announced a JV agreement with emission reductions and clean energy developer Camco International Ltd. (Camco), to invest into the clean energy and emissions sector in Southeast Asia.
NPS to invest in US real estate
South Korea’s National Pension Service has announced plans to allocate $300 million to investments in US property, with a focus on secondary buyouts of stakes in stressed private equity real estate funds.
3i plans RMB fund under Queen's blueprint
UK private equity major 3i Group is planning to launch a renminbi-denominated fund as part of an overall two-year plan, announced 3i CEO Michael Queen, coming alongside the second Indian infrastructure fund expected since March this year.
Tokio Marine plans mid-cap buyout fund for Japan
Tokio Marine Holdings, one of Japan's leading insurance companies, is targeting to raise a JPY50 billion ($590 million) buyout fund, its fourth, through its Tokio Marine Capital unit, to invest in mid-cap Japanese companies.
Blue Sky engages Bain's Shand as associate director
Australia's Blue Sky Private Equity, the SME- and mid-cap-focused direct investment arm of Brisbane's BlueSky Funds Management, has recruited Robert Shand, formerly a consultant with Bain & Co., as an associate director.
Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
India's Highstreet nearing first close on India Infra Fund
Highstreet Capital, a new Indian private equity firm, is nearing a $50-70 million first close on its first fund, the India Infrastructure Fund, with sponsors and anchor investors the Bhartia family, promoters of Jubilant Organosys and Life Insurance Corp....
Intel Capital eyes $10 million investment in e-commerce site OkBuy
Chinese e-commerce player OkBuy Information Technology Co. may receive $10 million from Intel Capital as part of a second-round fundraising exercise in which other investors have also been approached, according to reports.
SingTel to launch $150 million tech-focused VC fund
Telecommunications giant SingTel is set to raise an S$200 million ($150 million) VC vehicle – the SingTel Innov8 venture fund – focused on tech startups that will additionally garner it access to new and developing technologies to promote its business....
Alinta seals asset sale deal with TPG consortium
Australian power major Alinta Energy has reached agreement with the TPG Capital-led consortium of its creditors, also including Oaktree Capital and Anchorage Advisers, to sell the majority of its assets into a new company owned by the consortium.
HSBC PE Asia spins out to management
HSBC has followed through on its plan, first discussed internally in June this year, to spin out its private equity divisions, at least in Asia, with the sale by HSBC Holdings of 80.1% of HSBC Private Equity (Asia) Ltd. to Foci Holdings, an SPV backed...
Banks far down the spinout trail?
HSBC Private Equity Asia's spinout comes as no surprise.