GPs
Allianz invests $200m in Edelweiss India private debt platform
Allianz Investment Management, a unit of insurance giant Allianz Group, has invested over $200 million in a private debt platform managed by Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group.
TPG closes seventh Asia fund at $4.6b
TPG Capital has closed its seventh pan-Asian fund at $4.6 billion after approximately two years in the market. The vehicle is already 40% committed across 12 companies.
General Atlantic seeks to leverage local presence in Indonesia
General Atlantic has opened an office in Indonesia, citing a need for an intensified local presence to leverage strong domestic growth trends in the firm’s core domains of technology, financial services, healthcare, and consumer.
Ascendent sets $800m target for third China fund
Ascendent Capital Partners is seeking $800 million for its third China mid-market fund. The GP closed its previous vehicle at $600 million in 2015.
Fund focus: Redpoint China leverages its brand
Redpoint China Ventures secures $400 million for its traditional early-stage investments as well as for an expansion into growth round coverage
Invascent closes India healthcare fund at $250m hard cap - update
Invascent Capital, an Indian healthcare-focused GP, has closed its third vehicle at the hard cap of $250 million.
GP due diligence: Stones unturned
The expansion of private equity activity in developing markets is translating into greater due diligence pressure on LPs seeking reliable fund managers. Solutions are intuitive but difficult
India's Quantum launches $1b ESG fund
Indian asset management and equity research firm Quantum Advisors has launched a $1 billion investment fund that will take a PE-style approach to driving environmental, social, and governance (ESG) improvements in listed companies.
Longreach promotes Takuya Sato to partner
The Longreach Group, a mid-market North Asia buyout firm that has a particular focus on Japan, has promoted Takuya Sato (pictured) to partner.
Asian PE pioneer Randy Kwei dies
Randy Kwei, one of the early movers in Asian private equity and more recently an advisory partner at middle-market buyout firm Shaw Kwei & Partners, has died at the age of 83.
Asia start-ups: Global reach
Asian start-ups are under increasing pressure to head off competition by pursuing global expansion agendas in their earliest stages of development. They must pay careful attention to social disparities
Värde promotes Asia credit head to partner
Värde Partners has promoted Haseeb Malik, a senior managing director based in its Singapore office and head of Asia corporate and traded credit, to partner. It is one of three senior promotions announced by the firm worldwide.
Profile: EmergeVest's Heath Zarin
Heath Zarin has taken EmergeVest out of the Asian private equity mainstream, leveraging a specialist strategy and operational expertise to create the UK’s largest private logistics business
Fund focus: Edelweiss scales up for India distress
Edelweiss Alternative Asset Advisors expands its India distress agenda with a new fund mandated for both direct debt buyouts and equity investments
Co-investment: Partners in time
The decision to commit due diligence resources to a potential co-investment balances complex factors around timing, strategy, and relational comfort. Efficiency and patience are indispensable virtues
Redpoint China raises $400m across two new funds
Redpoint China Ventures has closed a $300 million fund focusing on early-stage investments and a $100 million opportunity fund looking to invest in growth-stage companies.
China VC firm Qiming announces promotions
China’s Qiming Venture Partners has announced the promotion of several staff members, including Stella Zhou (pictured), who is the first person to be elevated from associate to partner within the firm.
Macro uncertainty: Mind games
A maze of strategies, philosophies, and preconceptions is underpinning a sense of confidence among alternatives investors as global economic uncertainty mounts. It must be navigated carefully
PE industry cautiously optimistic on Hong Kong tax reforms
Industry participants have praised steps taken by the Hong Kong government to make it easier for private equity firms to operate locally, while cautioning that challenges remain regarding the regulation of managers in the territory.
Edelweiss closes India stressed asset fund at $1.3b
Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group, has raised INR92 billion ($1.3 billion) for its second fund focused on investments in Indian stressed assets.
Adrian Kerley leaves Australia's CSC for IFM
Adrian Kerley (pictured), the investment manager responsible for private markets at Australia’s Commonwealth Superannuation Corporation (CSC) will join the private equity team at IFM Investors in February.
Domestic, international themes drive India opportunities
Companies that cater to international customers currently offer the most compelling PE investment opportunities in India, but GPs are increasingly excited about the rise of new segments in the domestic market.
Fund focus: Sizing up selectively
ChrysCapital Partners has increased its fund size and its commitment to operations in response to a maturation of the Indian market characterized by bigger deals and more opportunities to drive change
Baring Asia receives $25m LP commitment from LACERS
The Los Angeles City Employees’ Retirement System (LACERS) has committed $25 million to Baring Private Equity Asia’s seventh pan-regional fund, the same amount it committed to the GP’s previous vehicle.