Chinese GPs that can identify where their strategies might go wrong – and therefore avoid problems before they emerge – are most likely to emerge as winners in a market characterized by rising competition and changing economic circumstances, LPs told...
Issuing preferred equity to secondary investors is a short-cut to liquidity for China VCs with valuable portfolios but few exits. The strategy isn’t universally popular, but what will it take for GPs to make the leap?
Japan’s quiet venture capital space is booming within its own borders. Signs of a stronger exit market and an exuberant influx of corporate involvement are encouraging themes, but they will play out slowly
Are concerns over trade and the economy causing US LPs to back away from Chinese private equity? The more pertinent question is whether - and how - they already have exposure to the market
Recruitment is the biggest challenge for Australian institutional investors as they look to deepen their participation in private equity, senior executives told the AVCJ Australia & New Zealand Forum.
Funds that are structured to hold assets for extended periods make sense – given the increasing number of companies that want to delay going public or avoid it altogether – but fees remain an issue, institutional investors told the AVCJ Australia...
HarbourVest Partners has promoted Minjin Chung (pictured), a principal based in Korea, to the level of managing director with responsibility for North Asia.
Australian LPs want to establish deep relationships with portfolio GPs – where they can play an additive role in the investment management process – and see co-investment as one of the best ways of achieving this.
Australia’s Future Fund has appointed Alicia Gregory as its new head of private equity. She currently occupies the same position at MLC, operator of the country’s largest retail superannuation fund.
Leveraging the online and offline infrastructure of its parent’s P2P lending platform, CreditEase Wealth Management has built a channel for Chinese high net worth money to enter private equity
As the US overhauls its development finance institution in response to China’s growing infrastructure investment, the PE industry is preparing for a world in which politics goes hand-in-hand with capital
Most Australian institutional investors want to participate in deals alongside private equity managers, but few have the bandwidth to do it effectively. Recruitment and risk controls are the key obstacles
An increase in GP-led transactions propelled Asia secondary market volume to $7.8 billion last year, and more of the same is expected in 2019 – once managers have adjusted their mark-to-market valuations following fourth-quarter volatility in the public...
Jonathan Armitage, CIO of MLC, operator of Australia's largest retail superannuation fund, discusses the importance of a VC allocation, accessing overseas GPs, and increasing LP appetite for co-investment
StepStone Group, a provider of private markets advisory and asset management services to institutional investors, has promoted Beijing-based Vincent Hsu to partner.
Australia’s Future Fund expanded its PE exposure by more than one third over the course of 2018, with the sovereign wealth fund citing carefully cultivated private markets exposure as one of the reasons it has comfortably outperformed superannuation...
Should you take a 3x return today or wait for a potentially larger exit next year? For GPs, this decision is complicated by fears of a downturn, the timing of future fundraises, and conflicting LP feedback
The expansion of private equity activity in developing markets is translating into greater due diligence pressure on LPs seeking reliable fund managers. Solutions are intuitive but difficult
CDC Group has named Stephen Priestley (pictured) as a new managing director with a focus on South Asia and Africa.
The decision to commit due diligence resources to a potential co-investment balances complex factors around timing, strategy, and relational comfort. Efficiency and patience are indispensable virtues
A maze of strategies, philosophies, and preconceptions is underpinning a sense of confidence among alternatives investors as global economic uncertainty mounts. It must be navigated carefully
Funds SA, which is responsible for investing on behalf of South Australia’s public-sector superannuation funds, has recruited Cameron Sinclair (pictured) from Future Fund to lead private equity and infrastructure activity.
Adrian Kerley (pictured), the investment manager responsible for private markets at Australia’s Commonwealth Superannuation Corporation (CSC) will join the private equity team at IFM Investors in February.
Bryan Lewis, CIO of Pennsylvania State Employees’ Retirement System, discusses accessing Asia, approaches to co-investment, and paring a bloated PE portfolio into a smaller set of strategic relationships