Industry
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Lower valuations, less leverage could drive China PE returns - HKMA Forum
China private equity could deliver some strong vintages relative to other markets given falling valuations, a deepening pool of management talent, and a historical emphasis on driving returns through growth rather than leverage, industry participants...
Letter from the editor: AVCJ is moving to Mergermarket
Tim Burroughs, managing editor of AVCJ, outlines the next steps for the product and its subscribers as we migrate our content and enhance our offering via the next-generation Mergermarket platform
Q&A: Mubadala’s Luca Molinari
An Abu Dhabi-headquartered sovereign investor Mubadala has a USD 276bn portfolio with interests across six continents. Luca Molinari, who leads Asia direct investments, outlines the regional strategy
Q&A: BPEA EQT’s Jean Eric Salata
Jean Eric Salata, head of BPEA EQT and chair of EQT Asia, on the benefits of diversification, why Asia’s limited reliance on leverage could lead to better relative performance, and being creative with liquidity
Asia’s LP landscape: North to south
Pools of institutional – and less institutional – capital in Asia are deepening, but it remains a multi-speed market with some investors just beginning their alternatives journey and others achieving maturity
Asia GPs fear LP portfolio concentration - survey
Large LPs concentrating their GP relationships is comfortably the biggest fundraising challenge facing private equity firms in Asia Pacific, according to a survey featured in the latest edition of Dechert’s global private equity report.
Australia's Anchorage closes Fund IV on $327m
Australian turnaround investor Anchorage Capital Partners has closed its fourth fund with AUD 505m (USD 327m) in commitments.
Kedaara targets up to $1.5b for fourth India fund
Kedaara Capital is looking to raise up to USD 1.5bn for its fourth India middle-market fund, having edged past the USD 1bn mark in the previous vintage.
Ares raises $2.4b for sixth Asia special situations fund
Ares Management has closed its sixth Asia special situation fund on USD 2.4bn, including a sidecar vehicle, citing strong economic trends in India and Australia.
Reed Smith hires Sidley Austin's Asia fund formation leader
Reed Smith has recruited Han Ming Ho, previously co-head of the Asia investment funds practice at Sidley Austin, as a partner in its global corporate group.
Riverside builds out Australia team
The Riverside Company has added two principals to its Australia investment team as its assets under management (AUM) in the country cross the AUD 1.5bn (USD 965m).
Japanese digital alternatives platform gets pre-Series A
Luca, a Japan-based fundraising platform that aims to give local high net worth investors access to alternatives, has received seed-stage funding from VC investors.
Money train: Raising capital out of Asia
Fundraising difficulties at home are prompting some US and European GPs to target Asian capital pools that they previously overlooked. It requires patience and persistence
LP interview: Australia’s QIC
As QIC’s PE programme tilts toward earlier stages, legacy assets have counterbalanced macro turbulence in tech. More direct investment is desired, but funds are still of interest, especially in Europe
Partners Group strengthens Japan private wealth coverage
Partners Group has recruited Tatsuro Aoyama to its private wealth team in Japan with a brief to build out relationships with local distribution partners.
Mandiri, Investible launch climate tech fund
Mandiri Capital, the venture arm of Indonesia’s Bank Mandiri, and Australia-based VC firm Investible have launched a climate technology fund of unspecified size.
Korea Investment Partners raises $60m SE Asia fund
Korea Investment Partners (KIP) has raised USD 60m for a Southeast Asia venture fund from institutional investors in Korea, Hong Kong, and Singapore.
Flourish Ventures secures $350m in new funding
Flourish Ventures, a US-based emerging markets financial technology investor with a strong Asia focus, has secured USD 350m for future deployments from its sole LP, eBay founder Pierre Omidyar.
SparkLabs launches Korea deep tech fund
Early-stage VC investor and accelerator SparkLabs Korea has achieved a first close of USD 15m on a deep tech fund. That target corpus has not been confirmed.
OrbiMed raises $4.3b for global, Asia funds
Healthcare investor OrbiMed has raised USD 4.3bn for its latest set of global funds, including its fifth Asia-focused vehicle.
Pantheon opens Singapore office
Pantheon has opened an office in Singapore, expanding an Asian footprint that already includes bases in Hong Kong, Seoul, and Tokyo.
Schroders, Thailand's KBank launch renminbi PE fund
Schroders Singapore and KBank Private Banking, a unit of Thailand’s Kasikornbank, have jointly launched a Thailand-based renminbi-denominated China private equity fund of undisclosed size.
Q&A: Pacific Equity Partners’ Jake Haines
Australia-based Pacific Equity Partners quietly launched a credit strategy – PEP Capital Solutions – in 2021 and has since deployed AUD 700m (USD 445m). Jake Haines, a managing director at the firm, explains where it has gone