Alternatives investment officers from US institutions should involve their senior leadership teams in site visits to Asia if they want to push ahead with emerging markets investment programs, LPs told the AVCJ USA Forum.
GIC Private’s investment performance declined for the third consecutive year, with the sovereign wealth fund once again warning of uncertainty driven by high asset valuations, increased risk of monetary policy tightening, and international trade tensions.
China Investment Corporation (CIC) posted a record-high return of 17.59% on its international portfolio in 2017 – compared to 6.22% the previous year – as the sovereign wealth fund’s total assets reached $941.4 billion.
Temasek Holdings saw its net portfolio value reach S$308 billion ($235 billion) as the Singapore government-controlled investment fund stepped up its investment activity in the 12 months ended March 2018.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a partnership with Philippines-based Altus Capital to invest up to $272.5 million in distressed assets in Southeast Asia.
China-focused venture capital fund-of-funds Unicorn Capital Partners has closed its second fund at the hard cap of $250 million.
Pantheon has opened an office in Tokyo, having won separate account mandates from the likes of Japan’s Government Pension Investment Fund (GPIF).
Teams spinning out from US endowments are competing in an increasingly competitive market for outsourced investment mandates from institutions. Scale and differentiation are the key selling points
Chris Lerner, a partner and head of Asia at placement agent Eaton Partners, discusses why LPs are allocating more capital to private equity in the region and who are the biggest beneficiaries
New Zealand Superannuation (NZ Super) has invested an undisclosed sum to take a 27% holding in New Zealand Gourmet, a company that farms and markets a range of fresh produce.
Japan Post Investment Corporation seeks to fill the late-stage investment gap in Japan's venture capital market that local VC investors lack the capacity to address
It has taken Temasek Holdings four secondary transactions over 12 years to create a product that allows retail investors to participate in its private equity portfolio. Will others follow suit?
New Zealand Superannuation (NZ Super) has appointed its CIO Matt Whineray as CEO following a global search process.
Diversification – by vintage, geography, and strategy – is the priority for Japan’s largest institutional investors as they develop their private equity programs, but they accept that portfolio-building can be challenging.
Recognizing that strong cash inflows were working against a solely outsourced manager strategy in the alternatives space, Australia’s Cbus picked its key asset classes and devised a direct solution
Japanese corporate pension funds are looking to increase their allocations to infrastructure, but they value the opportunity to visit managers before committing capital.
Japan’s LP landscape is in a state of flux as several large-scale investors ramp up their alternatives programs. The industry must prepare itself, in terms of personnel, structures, and expectations
PE firms have been trying to open up the Japanese LP market for years. Now that local institutions are showing a greater appetite for alternatives, it is unclear who will manage their investment programs
The complexity of a private equity firm’s key person clauses – and the number of people they encompass – says much about its institutionalization. The transition is not always easy, for GPs or LPs
Asian LPs see a shortage of qualified professionals capable of executing investment programs as the biggest obstacle to improving their private equity returns.
Institutional investors are preparing for a downturn in Asia – and emphasizing the importance of disciplined deployment – as they see worrying “pro-cycle market behavior” in the private markets space globally.
Korea Post Insurance plans to allocate $200 million to as many as three managers focusing on global buyouts, predominantly in North America and Europe.
Retail investors in Singapore will be able to get exposure to the Temasek Holdings private equity portfolio through a $500 million bond issuance backed by 36 funds, including vehicles managed by The Blackstone Group, KKR, Silver Lake Partners, and TPG...
California Public Employees’ Retirement System's (CalPERS) decision to launch a private equity direct investment strategy sets it apart from its counterparts, but the plan will need conviction and focus to succeed