GPs
China's Qiming names Grace Lee as COO
Grace Lee (pictured), has been appointed COO at Qiming Venture Partners, in addition to her existing roles as a partner and CFO – one of several people moves within the Chinese venture capital firm.
Ascendent surpasses $1b for latest China fund
Ascendent Capital Partners has closed its third China fund with more than $1 billion in commitments, having increased the hard cap.
TA promotes India-based Sharma to principal
Aditya Sharma, who makes investments in India for TA Associates, has been promoted from senior vice president to principal.
VIG reaches $810m final close on fourth Korean fund
VIG Partners has closed its fourth Korea-focused fund at $810 million, with approximately half the commitments coming from international investors. This compares to 30% for Fund III, which closed at $600 million in 2017.
To pastures new: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2019
Talking points: 2019 in quotes
What industry participants had to say at AVCJ events on co-investment, technology opportunities in Vietnam, what LPs want to hear from GPs, Indian buyouts, long-dated funds, and late-stage deals in China deployment during times of uncertainty, responding...
India's Filter Capital names Sumit Sinha as co-founder
Filter Capital, an Indian private equity firm established last year by ex-Warburg Pincus executive Nitin Nayar, has appointed Sumit Sinha as a co-founder and managing partner.
Blackstone promotes India-based PE executive
The Blackstone Group has promoted Amit Jain to partner and senior managing director covering India, effective January 1.
Q&A: Permira's Kurt Bjorklund
Kurt Bjorklund, a co-managing partner at Permira, explains how a sector-focused investment style is becoming indispensable in Asia’s competitive and disruption-prone markets
Macro uncertainty to drive increased Korean M&A
Difficult economic and political conditions bode well for the Korean PE industry in the near term, according to Michael Chung (pictured), head of Korea at Morgan Stanley Private Equity Asia (MSPEA).
General Atlantic promotes China healthcare head
Lefei Sun, who helped establish and now leads General Atlantic’s healthcare and life sciences business in China, has been promoted to managing director.
Asia edges developed markets on PE performance - study
Private markets investors in Asia have outperformed their developed markets peers in four out of the last six years in terms of IRR, with the once substantial gap in median distributions also narrowing, according to analysis by Hamilton Lane.
Centurium seeks $2.5b for second China fund
China-focused private equity firm Centurium Capital is back in the market looking to raise $2.5 billion for its second US dollar-denominated fund, barely six months after reaching a final close on its first.
Apis closes Fund II at revised hard cap of $563m
Apis Partners has closed its second emerging markets-focused financial services and technology fund at the revised hard cap of $563 million. The initial target was $400 million.
Apollo appoints ex-Bain executive to head up Japan
Apollo Global Management has appointed Tetsuji Okamoto, previously of Bain Capital, as head of Japan to lead the buildout of its private equity business in the country.
PE industry associations: The advocates
Private equity’s increasing politicization globally and its expanding role in economies across Asia has put pressure on industry networking associations to do more in terms of public engagement
KKR announces eight promotions in Asia
Chung Ho Park, a member of KKR’s private equity team and co-head of the firm’s Korea business, has been promoted to partner level. A further seven Asia-based professionals, across different strategies, were named managing directors.
India PE: Careful carving
Driven by distress and strategic rationale, Indian corporates are more willing to sell off attractive assets. Private equity investors must figure out what might be available before it comes on the market
Vietnam's FEBE Ventures launches $25m fund
FEBE Ventures, a Vietnam-based early-stage investor set up earlier this year, has launched a $25 million for targeting local and cross-border technology start-ups.
Japan's J-Star closes fourth fund at $443m
Japanese private equity firm J-Star has closed its fourth middle-market fund at the hard cap of JPY48.5 billion ($433 million), up from JPY32.5 billion in the previous vintage.
Everstone names Alok Oberoi as executive chairman
India and Singapore-based Everstone Group has named Alok Oberoi (pictured), a former executive at Goldman Sachs, as executive chairman, effective from 2020.
India middle market: Polarization point
Increased deal flow towards the top end of India’s private equity market is stretching the capacity of mid-tier local managers. What are the implications for co-investment and fund size?
MBK sets $6.5b hard cap for fifth North Asia fund
MBK Partners is looking to become the sixth pan-Asian private equity manager to cross the $6 billion threshold, having set the hard cap for its fifth fund at $6.5 billion.
Y Combinator abandons China program
Silicon Valley-based accelerator Y Combinator has terminated its recently launched China program citing a change in its US leadership.