LPs
Australian LPs and co-investment: Willing partners
The difficulties NZ Super encountered with its now-defunct global direct investment unit offer pointers for Australian LPs looking at how to resource and structure co-investment programs
Retail investment in PE: Common stock
Signs are converging that increased retail investor participation in private equity is inevitable. Myriad roadblocks around access, alignment, and infrastructure will inhibit the transition
Burda Principal promotes Albert Shyy to Asia head
Burda Principal Investments (BPI), the investment arm of European technology and media company Hubert Burda Media, has promoted Albert Shyy to managing director and head of Asia.
LP interview: New Zealand's ACC
Accident Compensation Corporation is the biggest fish in Asia Pacific’s smallest pond. As a result, even a modest splash into private equity has created some noticeable waves
Coronavirus and fundraising: Caught in a bind
The coronavirus outbreak has implications for PE fundraising well beyond China. Many Asia-based managers are either unable to go and see LPs or LPs are not permitted to visit them
Deep GP-LP relationships not defined by co-underwriting - AVCJ Forum
Institutional investors in Australia and New Zealand are looking to establish deeper relationships with portfolio GPs – and while co-investment is part of the dynamic, it doesn’t necessarily stretch to co-underwriting.
ESG-related deals must be judged on commercial merits – AVCJ Forum
Institutional investors in Australia have reaffirmed their commitment to environment, social and governance (ESG) protocols – but as a factor within the decision-making process, not its sole driver.
Marcus Simpson leaves Australia's QIC to pursue advisory work
Marcus Simpson (pictured) plans to take on independent advisory roles – working with institutional investors that want to build or rebuild private equity programs and with companies looking at taking on private capital – having stepped down as head...
Hong Kong's Future Fund to make direct investments
Hong Kong’s Future Fund, a vehicle intended invest budget surpluses to cover future liabilities arising from an aging population and slower economic growth, will make a 10% allocation to direct investments that support the local economy.
Australia PE spinouts: Into the unknown
Australia has seen plenty of spinouts in recent years, with outcomes ranging from a $2 billion first-time fund to deal-by-deal strategies. Is local LP support essential in getting wider traction?
StepStone promotes Australia-based Suzanne Tavill to partner
Suzanne Tavill, a Sydney-based managing director with StepStone Group, has been elevated to partner. It was one of four partner-level promotions made by the firm globally.
Minnesota SBI backs KKR's Asia fund
Minnesota State Board of Investment (SBI) is looking to commit $150 million to KKR’s fourth pan-Asian fund. This represents a step up from the $100 million it put into the manager’s previous vehicle.
Poor relations: Endowments and foundations in Asia
With a few exceptions, Asia’s endowments and foundations lack the scale, sophistication and appetite for alternatives of their US brethren. Structural and cultural barriers maintain the status quo
VC and age: No industry for old men
The trendy, shape-shifting world of venture capital is broadly seen as a young person’s game, although hard evidence to this effect remains in scarce supply
1955 Capital wins case against Chinese anchor LP
Cross-border technology investor 1955 Capital has emerged victorious in a legal battle with its Chinese anchor LP after a US court upheld an earlier arbitration ruling that the LP had no grounds for withdrawing from the fund.
CDPQ, Piramal commit $300m to India private credit
Caisse de depot et placement du Quebec (CDPQ) and an asset management division of Piramal Enterprises have jointly committed $300 million to an Indian private credit platform.
LP interview: Manulife Investment Management
Manulife Investment Management is easing into its first Asian private markets drive with a focus on optionality. Private credit, infrastructure, and real estate are early areas of interest
Capital Dynamics loses Asia primaries head
Kazushige Kobayashi (pictured), a Tokyo-based managing director at Capital Dynamics and head of primaries coverage in Asia, is departing the firm after nearly 10 years.
India AIFs: A new phase
Locally domiciled Alternative Investment Funds have emerged as the structure of choice for India-focused private equity firms, but the system is still troubled by some imperfections
Australia's IFM poaches Future Fund CEO
David Neal, who has spent the last six years as CEO of Australia’s Future Fund, will succeed Brett Himbury as head of IFM Investors.
Caldera signs up French anchor LP for Southeast Asia fund
Caldera Pacific, a consumer-focused Southeast Asian private equity firm, has secured $250 million in commitments for its debut fund, with France-based investor Argenthal coming in as an anchor LP.
ADB launches venture arm
The Asian Development Bank (ADB) has launched a VC arm focused on climate change-related technologies and women’s empowerment in the region.
MBK wins US pension support for Asia fund
MBK Partners has picked up commitments from New York State Common Retirement Fund (NYSCRF), New York State Teachers’ Retirement System (NYSTRS), and Los Angeles County Employees Retirement Association (LACERA) for its fifth North Asia fund.
LPs want to see how GPs learn from mistakes in Asia
GPs should be open and transparent with LPs about their previous difficulties in order to demonstrate an ability to learn from past mistakes, the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) Asia Forum heard.
