GPs
Q&A: Morgan Stanley Investment Management’s Patrick Reid
Patrick Reid, a UK-based managing director for alternatives distribution management at Morgan Stanley Investment Management, plots the future of themes around secondaries, longer holds, and hybrid approaches to PE
Fund focus: Panacea defies biotech downturn
Having raised its second fund amid weakening investor sentiment for biotech, Panacea Venture expects deployment to be guided by a widening valuation gap between the US and China
Asia Partners targets $600m for second Southeast Asia fund
Asia Partners, a Singapore-based private equity firm focused on growth-stage technology investments, is targeting USD 600m for its second fund.
China's Primavera targets $300m for credit fund
Primavera Capital Group is looking to raise USD 300m for a private credit fund as the China-focused private equity firm continues to diversify its offering by geography and strategy.
Japan's Jafco launches buybacks to thwart activist threat
Japanese venture capital firm Jafco has announced a JPY 42bn (USD 305m) share buyback programme that will take out positions held by investors with ties to activist investor Yoshiaki Murakami.
Unison Korea targets $680m for Fund III
Unison Capital is targeting KRW 800bn-KRW 900bn (USD 603m-USD 680m) for its third Korea fund, nearly twice what was raised in the previous vintage.
India's Multiples targets up to $1b for Fund IV
Multiples Alternate Asset Management is looking to raise up to USD 1bn for its fourth India-focused fund, with the International Finance Corporation (IFC) proposing a USD 60m commitment.
Singapore's Wavemaker names new general partner
Singapore-based Wavemaker Partners has appointed Andy Hwang, an angel investor and start-up mentor transitioning into venture capital, as a general partner.
ESG: The case for convergence
With ISSB pursuing pre-eminence in sustainability-related financial disclosures and TCFD emerging as a preferred climate framework, investors and investees will have to get more serious about reporting
Q&A: AC Ventures’ Adrian Li
Adrian Li, founder and managing partner of Indonesia-focused AC Ventures, on Chinese incursions into Southeast Asia, localisation versus scale, the prospect of a protracted downturn, and being an Ironman
One size does not fit all in Asia value creation – AVCJ Forum
Replacing portfolio company CEOs is not part of buyout firms’ value creation playbook in emerging markets, the AVCJ Private Equity & Venture Forum heard.
Japan PE sees digitalisation as national imperative – AVCJ Forum
Digital transformation is an urgent social issue as much as an operational one, Japan-focused investors told the AVCJ Private Equity & Venture Forum.
China's Sinovation reaches $250m mark on fifth VC fund
China-focused Sinovation Ventures reached a USD 200m first close on its fifth flagship US dollar-denominated fund in April and is currently around the USD 250m mark against a target of USD 500m.
Apollo’s Rowan tips alternatives allocations to top 50% - AVCJ Forum
Marc Rowan, CEO of Apollo Global Management, told the AVCJ Private Equity & Venture Forum that he expects most investors to have an alternatives allocation of at least 50% within five years.
China investors plan to step up activity – AVCJ Forum
Investors told the AVCJ Private Equity & Venture Forum that they are looking to accelerate their pace of investment in China next year despite economic and regulatory challenges.
Tread more cautiously in PE-infra overlap – AVCJ Forum
Investors are increasingly challenged to reconcile a vanishing divide between some infrastructure and PE strategies, the AVCJ Private Equity & Venture Forum heard.
Investors see 2022 as a 'turning point' in GP-LP relations - AVCJ Forum
The private equity industry has undergone a profound shift as under-allocations have become over-allocations, fundraising and deployment have slowed, and the dynamic between GP and LPs has changed, the AVCJ Private Equity & Venture Forum heard.
Uncertainty prompts deal financing discipline – AVCJ Forum
Large-cap buyout investors told the AVCJ Private Equity & Venture Forum they are hesitating to underwrite higher returns as debt terms tighten in cloudier market conditions.
China's CCV raises $150m opportunity fund
China Creation Ventures (CCV) has raised USD 150m for an opportunity fund that will participate in follow-on rounds and back spin-outs from established companies.
Panacea closes second healthcare fund on $276m
Panacea Venture, a healthcare-focused investment firm established by James Huang, formerly a partner at KPCB China, has closed its second fund with approximately USD 276m in commitments.
TPG's Coulter calls for patience, perspective amid 'great reset' - AVCJ Forum
James Coulter, executive chairman and founding partner of TPG, told the AVCJ Private Equity & Venture Forum that the current “great reset” represents one of the most interesting periods in his career, although he advised investors to look beyond immediate...
Team diversity impacts fundraising prospects - AVCJ Forum
Asia-based managers are slower to implement diversity, equity, and inclusion (DEI) policies than their peers in other markets, but LPs told the AVCJ Diversity & Inclusion Forum that action on this issue is increasingly important to fundraising.
TPG reaches $3.4b first close on Asia fund
TPG has reached a first close of USD 3.4bn on its eighth flagship Asia fund, which launched earlier this year with a target of USD 6bn.
China to Singapore: A VC invasion
Chinese venture capital firms are establishing and expanding operations in Singapore in response to challenges at home and to address the Southeast Asian market. Do they have staying power?