GPs
PAG cuts target size of Asia fund by one third
PAG has reduced the target size of its fourth pan-Asian buyout fund to USD 6bn from USD 9bn, according to Mergermarket, AVCJ's sister publication.
Fund focus: Iron Pillar takes India SaaS to the world
Iron Pillar has secured USD 129m for what it claims is the first India venture-growth fund dedicated to supporting local companies with global software and cloud infrastructure solutions
Gulf gambit: Asia GPs court Middle East LPs
As the Middle East becomes a focal point for private equity fundraising globally, Asia-based managers hope that macro trends work in their favour. Being the right size and the right strategic fit also helps
Profile: PENM Partners’ Hans Christian Jacobsen
Hans Christian Jacobsen’s emerging markets experience spans Africa, Asia, the Middle East, and Eastern Europe. He ended up finding an appealing blend of growth, access, and stability in Vietnam
Japan's J-Star names three new partners
Japanese lower middle-market private equity firm J-Star has elevated three longstanding staff to partner, bringing the total number of partners to nine.
Japan's Fiducia hits second close on debut fund
Fiducia, a tech investor set up by the former private markets head of Japan Post Bank, has reached a second close of JPY 3.86bn (USD 29m) following a commitment from SBI Group.
Kotak reaches first close on second India special situations fund
Kotak Investment Advisors has reached a first close of USD 1.25bn on its second India-focused special situations fund against an overall target of USD 1.6bn.
Hopu Magnolia cuts fund target, seeks to delay final close
Hopu Magnolia, a growth capital unit of Chinese private equity firm Hopu Investment Management, has cut its planned new fund size to USD 250m, almost half of the original target.
SE Asia financial services specialist Triple P adds partner
Triple P Capital, an impact investor focused on financial services in emerging Southeast Asia, has recruited Ke Qi Zhang from the International Finance Corporation (IFC) as its third partner.
China’s Linear Capital adds partner
China’s Linear Capital has promoted Songyan Huang, a managing director of the venture capital firm, to partner.
GP profile: Square Peg Capital
Square Peg Capital came of age at the same time as the Australian and Southeast Asian VC ecosystems, straddling the two with a toehold in Israel. The idea was to think big, not get big. It’s doing both
Fund finance: Filling Asia’s SVB void
Silicon Valley Bank’s collapse has prompted Asia-based GPs to review their relationships with lenders, for fund finance and general banking. Smaller managers may find the process challenging
HKEX relaxes rules for IPOs by pre-profit tech companies
The Hong Kong Stock Exchange (HKEX) has loosened its listing requirements to allow pre-profit technology companies to go public with market capitalisations as low as HKD 6bn (USD 764m).
Asia GPs must get smarter on target selection, costs - Bain & Co
Careful target selection – based on geography and sector – and increased emphasis on cost controls during ownership will be critical factors for Asian private equity investors as the industry braces for a downturn, according to Bain & Company.
Affinity recruits Australia head, re-hires executive from Quadrant
Affinity Equity Partners has strengthened its coverage of Australia and New Zealand with the recruitment of Nick Speer from The Riverside Company as a partner and local team leader and the rehiring of Mark Chudek from Quadrant Private Equity.
Southeast Asia VC: Drought survivors
As weaker sentiment for technology risk cools venture capital markets globally, Southeast Asia is lagging in limbo. Investors remain bullish but continue to hold their fire amidst questions around valuations
Q&A: 17Capital’s Pierre-Antoine de Selancy
17Capital is a credit provider to the private equity industry, lending against fee streams at the GP level and the fund level. Pierre-Antoine de Selancy, the firm’s managing partner, assesses the market
Asia PE compensation set for downward adjustment in 2023
Compensation for private equity professionals at most levels of seniority in Asia Pacific continued its upward trend in 2022 despite a weaker economic outlook and a slowdown in deal flow, but executive search firm Heidrick & Struggles expects some kind...
Partners Group hires Greater China fundraisers
Partners Group has added fundraising bandwidth in Greater China, recruiting Jin Wang as a managing director responsible for institutional coverage and making two private wealth hires.
Lighthouse hits $200m first close on fourth India fund
Lighthouse Funds has reached a first close of approximately USD 200m on its fourth India mid-market fund – four months after returning nearly the entire Fund III corpus through an exit from beauty e-commerce platform Nykaa.
GPs double down on value creation to maintain returns - AVCJ Forum
Private equity investors must find more operational levers to pull as LPs seek the same if not higher returns from the asset class despite more challenging economic conditions.
Australian HNWIs want more PE exposure, but obstacles remain - AVCJ Forum
Private equity may not be proven in the eyes of Australia’s high net worth investors, most of whom haven’t been exposed to the asset class across multiple cycles, but it earned wider recognition last year as public equities and fixed income struggled.
BPEA EQT hits first close on mid-market fund, seals debut deal
BPEA EQT – which was formed through the merger of Baring Private Equity Asia and EQT – achieved a first close on its pan-regional mid-cap fund at the end of last year and the vehicle recently completed its debut investment in a Malaysia-headquartered...
Australian GPs look to retain spirit of entrepreneurship - AVCJ Forum
The combination of personalities and skillsets that characterised the first generation of Australian private equity is unlikely to be repeated, but GPs are still looking for ways to capture elements of entrepreneurialism even as the industry becomes more...