LPs
Q&A: Mubadala's Luca Molinari
An Abu Dhabi-headquartered sovereign investor Mubadala has a USD 276bn portfolio with interests across six continents. Luca Molinari, who leads Asia direct investments, outlines the regional strategy
Asia's LP landscape: North to south
Pools of institutional – and less institutional – capital in Asia are deepening, but it remains a multi-speed market with some investors just beginning their alternatives journey and others achieving maturity
Asia GPs fear LP portfolio concentration - survey
Large LPs concentrating their GP relationships is comfortably the biggest fundraising challenge facing private equity firms in Asia Pacific, according to a survey featured in the latest edition of Dechert’s global private equity report.
Money train: Raising capital out of Asia
Fundraising difficulties at home are prompting some US and European GPs to target Asian capital pools that they previously overlooked. It requires patience and persistence
LP interview: Australia's QIC
As QIC’s PE programme tilts toward earlier stages, legacy assets have counterbalanced macro turbulence in tech. More direct investment is desired, but funds are still of interest, especially in Europe
Pantheon opens Singapore office
Pantheon has opened an office in Singapore, expanding an Asian footprint that already includes bases in Hong Kong, Seoul, and Tokyo.
LPACs: Conflicts and complexity
The combination of a maturing Asian private equity landscape and a fast-emerging continuation fund opportunity is placing greater emphasis on the role of the LP advisory committee
Emerging LPs: Fingers in every pie
As more institutional investors dip their toes into private equity for the first time, managers must understand their motivations. Frontier sovereign wealth funds are an enticing wildcard
LP interview: Koda Capital
Australian wealth management platform Koda Capital eschews mainstream private equity in favour of more obscure alternatives, but what the firm really wants are managers that understand its needs
LPs favour co-invest, secondaries as allocation appetite warms - survey
LPs are more willing to allocate to private markets strategies compared to a year ago, although co-investment and secondaries are prioritized over buyout and venture, according to a global survey by Goldman Sachs Asset Management (GSAM).
ESG backlash: Turbulent tailwinds
The strong momentum behind sustainable and responsible investment policies globally has begun to ruffle feathers in the US. Asian private equity should recognise this as a relevant warning
Family offices: A role for Hong Kong?
Hong Kong’s package of incentives for family offices is intended to redress a balance that has swung in favour of Singapore. Geopolitics is dampening its competitive advantages
LPs call for discipline on valuations, exits from China GPs - AVCJ Forum
Some LPs have increased their return expectations for Chinese private equity, and they are calling on local managers to be more disciplined on entry valuations and more tenacious on exits in the hope that these higher thresholds can be met.
Vertex raises $541m for Southeast Asia, India
Vertex Ventures Southeast Asia and India (VVSEAI), an early-stage investor affiliated with Temasek Holdings-owned Vertex Holdings, has closed its fifth fund with USD 541m in commitments.
Juan Delgado-Moreira named co-CEO of Hamilton Lane
Juan Delgado-Moreira, currently a Hong Kong-based vice chair at private markets specialist Hamilton Lane, has been promoted to co-CEO of the firm.
Indonesia VC: Institutional upgrade?
Having won early support from as assortment of local conglomerates, Indonesian venture capital firms must now demonstrate their independence when pitching international LPs
Fund focus: Forebright relies on its domain expertise
LP allocations to China funds are limited in number and hotly contested. Forebright Capital closed its latest vehicle by emphasising its track record in advanced manufacturing and enterprise software
China secondaries: Willing sellers?
Few, if any, LPs are so desperate to divest China exposure that they will sell fund positions at any price. The main sticking point for secondary transactions is a disconnect on valuations
SEC votes through disclosure reforms for private funds
The US Securities and Exchange Commission (SEC) has adopted new transparency rules for private equity managers requiring increased reporting, special terms disclosure, and annual fund audits.
LP interview: India's Catamaran
Catamaran brings a global, tech-savvy approach to private equity that sets it apart from most Indian family offices. A strong historical focus on digital inclusion is now extending into manufacturing
Fund focus: Growtheum's Southeast Asia breakthrough
Amit Kunal swapped a sovereign wealth fund for an independent shop at a time when fundraising was becoming difficult. Robust early deal flow helped Growtheum Capital Partners to its USD 567m final close
CVC passes $4.4b on latest Asia fundraise
CVC Capital Partners has hit the USD 4.45bn mark on its sixth pan-Asian fund, following a first close of USD 3.5bn at the end of last year.
Australia's Future Fund appoints new CIO
Australia’s Future Fund has promoted Ben Samild to CIO, filling a vacancy created more than a year ago with the departure of Sue Brake.
PEP raises continuation fund for New Zealand's Up Education
Australia's Pacific Equity Partners (PEP) has raised a single-asset continuation fund of approximately AUD 400m (USD 268m) for Up Education, a vocational education business it has held since 2015.