GPs
Japan Post: Stamp of approval
A newly launched private equity vehicle under the Japan Post brand is being hailed as a validation of the asset class domestically. It could be a critical juncture for the development of local technology markets
Secondary buyouts: Second time lucky?
PE secondary buyouts are becoming more accepted in Asia as GPs increasingly look to other fund managers for exit opportunities
Baring sets $5.5b target for latest pan-Asian fund
Baring Private Equity Asia has set a target of $5.5 billion for its seventh pan-regional fund. The firm closed its previous vehicle at $3.98 billion in early 2015.
India budget promotes start-ups, but leaves GPs waiting
India’s latest Union Budget promises strong support for domestic entrepreneurs and venture capital investors, but provides few specific measures to benefit the private equity industry.
Spiral raises $64m for debut Japan VC fund
Japan-focused Spiral Ventures – known as IMJ Investment Partners until spinning out from its corporate parent last year – has closed its debut fund at JPY7 billion ($64 million).
China private equity: A question of control
Is investor appetite for China's emerging buyout opportunity matched by an ability to run companies once they have been acquired?
BGH sets $2b hard cap for debut Australia fund
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray, formerly co-head of TPG Capital in Asia, has set a hard cap of A$2.5 billion ($2 billion) for its debut fund.
Clearwater, IFC plan $150m distressed asset JV
The International Finance Corporation (IFC), the investment arm of the World Bank,and Clearwater Capital Partners will together invest $150 million in distressed assets in Asia.
Korean political crises present PE opportunities
A turbulent 2017 for South Korea in both domestic and international politics has complicated private equity agendas across a number of sectors, but GPs are tracking some positive aftereffects.
Asian credit remains attractive for investors
While global investors often express wariness about investments in Asian credit and special situations, industry veterans remain optimistic about the future of the strategy.
Australia agriculture: Fruitful endeavors
Despite their strong growth potential, Australian food crops have attracted little activity from the private equity community. Investors’ interest is restrained by the high hurdles to managing these assets
AVCJ Awards 2017: AVCJ Special Achievement: Victor Fung
Victor Fung played a key role in the development of venture capital and private equity in Asia, and of AVCJ itself. He looks back at how the various pieces fell into place
Affinity closes fifth Asia fund at $6b
Affinity Equity Partners has completed a first and final close on its fifth pan-Asian fund at the hard cap of $6 billion after approximately five months in the market.
AVCJ Awards 2017: PE Professional of the Year: Yichen Zhang
Yichen Zhang, CEO of CITIC Capital, discusses fundraising, working on outbound deals, the appeal of China divestments by foreign companies, and leading a multi-strategy firm
MBK promotes COO to partner
MBK Partners has promoted Bryan Byungsuk Min, currently the firm’s COO, to partner.
Co-founder steps back from Australia's Pacific Equity Partners
Paul McCullagh has become the first of the four founders of Australia-based buyout firm Pacific Equity Partners (PEP) to step back, swapping his managing director position for a senior advisor role.
Australia's Crescent loses partner
Tim Martin, a partner at Australian middle market private equity firm Crescent Capital Partners, has departed the firm ahead of its next fundraise.
Q&A: The Carlyle Group's David Rubenstein
David Rubenstein, co-founder and co-CEO of The Carlyle Group, discusses the likelihood of a global economic slowdown, areas of interest in Asia, and the evolution of the private equity funding model
Fund focus: The need for speed
Quadrant Private Equity is deploying capital at pace in Australia’s middle market, raising A$1.15 billion ($863 million) for its ninth fund less than a year-and-a-half after closing its eighth vehicle
AVCJ Awards: Fundraising of the Year - Mid Cap: Kedaara Capital
Having proved an ability to return capital to LPs from its debut fund, Kedaara Capital took just three months to hit the hard cap on its second India vehicle
AVCJ Awards: Fundraising of the Year - Venture Capital: Lilly Asia Ventures
Lilly Asia Ventures’ rapid-fire $450 million fundraise reflects increasing LP interest in the opportunities offered by the Chinese healthcare sector
AVCJ Awards 2017: Firm of the Year & Fundraising of the Year - Large Cap: KKR
From raising the largest pan-regional fund ever seen in Asia to concluding Japan’s biggest PE buyout, KKR has enjoyed an eventful 12 months
Musical chairs: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2017
The crystal ball: Predictions for 2018
From China to Australia and secondaries to venture debt, industry participants share their perspectives on the year to come for fundraising, investments and exits