LPs
Hamilton Lane appoints Asia investment heads
Hamilton Lane has named Mingchen Xia (pictured) and Collwyn Tan as co-heads of the firm’s investment business in Asia. They already cover fund investments and co-investments, respectively, in the region.
LPs going direct 'not a front of mind issue' in Asia - AVCJ Forum
Large institutional investors pursuing direct deals on a solo basis represents a logical evolution of the private equity industry and shouldn’t necessarily be regarded as a threat, Asia-focused buyout managers told the AVCJ Forum.
Fundraising gap impedes mid-market exits – AVCJ Forum
Polarization in fundraising has left middle-market investors with difficult options for realizing exits, according to industry participants at the AVCJ Forum.
Asian outposts: LPs see value in a local presence
Few institutional investors have the scale, resources or mandate to establish private markets platforms within Asia. Those that do are looking to make it pay off through co-investment
LPs rank attitude higher than policy in ESG – AVCJ Forum
Investing with an environmental, social, and governance (ESG) mindset in Asia is more important than having an ESG policy, LPs told the AVCJ ESG Forum.
Due diligence & psychology: Internal audit
PE investors – whether they are putting money into companies or funds – must apply more psychologically informed tactics to remain competitive. It is the industry’s most intellectual frontier
Q&A: Teacher Retirement System of Texas' Eric Lang
Eric Lang, senior managing director of external private markets at Teacher Retirement System of Texas (TRS), discusses co-investment, strategic partnerships, and Asian expansion plans
HQ hires AB Value's Kitamura for Japan coverage
Motoya Kitamura, previously managing partner of Japanese secondaries investor AB Value Capital Partners, has joined HQ Capital as a managing director.
Australia: VC in vogue
A handful of Australian superannuation funds have started investing directly in local start-ups as well as backing VC funds. Is buying a strip off one of these portfolios the next step?
Manulife secondaries business to target Asia
Manulife Investment Management will target Asia with a newly launched private markets secondary business.
L’Oréal makes LP commitment to Cathay VC fund
L’Oréal will support the second fund being raised by Cathay Innovation, the VC affiliate of Cathay Capital Private Equity. The company wants to build ties to the beauty tech start-up ecosystem in China, its second-largest market.
Japan succession planning: The generation game
By selling a stake in the GP, Advantage Partners has broken new ground in Japanese private equity. The move is designed to facilitate ownership transition, accumulate balance sheet capital
LP interview: AustralianSuper
Internalizing management is a priority for AustralianSuper across all asset classes. In private equity, this means forging relationships with a concentrated pool of managers and pursuing co-investment
China's MSA receives VC fund commitment from Al Waha
China-based MSA Capital, also known as MagicStone Alternative Investments, has confirmed that Middle Eastern investor Al Waha has made an LP commitment to its second venture capital fund.
LGT closes fourth Asia fund-of-funds at $1b
LGT Capital Partners has closed its fourth Asia Pacific fund-of-funds at the hard cap of $1 billion. It had initially targeted a final close in October 2020.
US tech regulation: Green card or red card?
Compliance with US regulations on foreign investment in critical technologies is forcing Chinese VC players to examine their fund structure and governance as well as their deployment strategies
Family offices: The IT crowd
Asia's family offices have benefited by going big on growth capital and venture, leveraging technology trends in the region. However, not all family money is smart money
Japan's GPIF reappoints Hiro Mizuno as CIO
Hiro Mizuno (pictured) has been reappointed CIO of Japan’s Government Pension Investment Fund (GPIF) following the conclusion of his first term leading the world’s largest retirement savings pool at the end of September.
Operational due diligence: Query parameters
Institutional investors are taking a closer look at the back-office operations of fund managers in what appears to be a new normal for GP-LP relations. Service providers are circling
Asian family offices lead on performance, growth capital exposure
Family offices in Asia Pacific and emerging markets were the strongest performers globally last year and they are also leading the charge into venture and growth-oriented investments, according to UBS and Campden Wealth’s latest global family office...
China's CIC prioritizes direct investment, bilateral funds
China Investment Corporation (CIC) is stepping up its private equity co-investment and direct investment activity – including through the establishment of bilateral cross-border funds – as it seeks to boost returns in increasingly unstable global...
LPs and infrastructure: Custom connections
LPs are mixing up their approaches to infrastructure as shifts in supply-demand dynamics converge with increased specialization requirements in next-generation projects. Asia remains the unproven goldmine
Australian superfund consolidation to alter private markets strategies
Australia’s pension market is ripe for consolidation, which will see the emergence of a handful of mega superannuation funds that leverage their scale to bring more investment activity in-house, according to leading industry participants.
LP interview: CalSTRS
Keen to reduce investment costs, California State Teachers’ Retirement System is changing the way it works with managers. Co-investment, joint ventures and stakes in GPs are priorities for private markets
