LPs
Temasek sees portfolio shrink, ups investment pace
Temasek Holdings has deployed a record S$32 billion ($23.3 billion) in the past year – with technology and healthcare the main beneficiaries – even as the impact of COVID-19 saw its overall portfolio shrink in value for the first time since 2016.
Australia's Future Fund posts negative return, sells part of PE portfolio
Future Fund has posted its first yearly negative return since the global financial crisis, amid economic chaos caused by COVID-19, and rebalanced its private equity portfolio as part of efforts to avoid “excessive risk.”
Australia's IOOF to buy NAB wealth management arm
Australian financial advisory, investment management and superannuation provider IOOF Holdings has agreed to acquire MLC, the wealth management arm of National Australia Bank (NAB), for A$1.44 billon ($1.03 billion).
LPs warn of adverse ESG impact in India - AVCJ Forum
LPs told the AVCJ India Virtual Forum that Indian private equity firms may struggle to raise capital from international investors if they don't make progress on environment, social and governance (ESG) issues.
L Catterton Asia: Unhappy families?
The merger of Catterton and L Capital was unique in its size and scope, creating the world’s largest consumer-focused private equity firm. However, perspectives on the experience remain polarized
CDC commits $10m to India’s Chiratae
UK-based development finance institution CDC Group has committed $10 million to the fourth fund being raised by India’s Chiratae Ventures.
OMERS names new Asia infrastructure head
Ontario Municipal Employees Retirement System (OMERS) has appointed Prateek Maheshwari, an existing managing director at the firm, as its head of infrastructure in Asia.
Hillhouse founder emphasizes tech transformation opportunities
The most attractive investment opportunities in a post-COVID-19 world involve helping traditional businesses that have been “victims of the creative destruction of technology” play catch-up, according to Lei Zhang, founder and CEO of Hillhouse Capital.
LPs & climate change risk: Numbers game
With more information at their fingertips, institutional investors are better positioned to understand and act on climate risks and opportunities in their portfolios. But private markets are still playing catchup
OMERS loses Asia private equity head
David Payne, who has led Asia private equity coverage at Ontario Municipal Employees Retirement System (OMERS) for two-and-a-half years, has left the firm.
De-risking measures limit COVID-19 damage to GIC portfolio
Singapore’s GIC Private said that steps taken last year to de-risk its portfolio – reducing its allocation to equities in favor of cash and evaluating deals with more caution – have limited the negative impact of COVID-19.
LPs call for better communication from Asian GPs - AVCJ Forum
LPs from five global funds say cultural issues and a relative lack of crisis experience have led to difficulties getting quality disclosure from Asian fund managers.
China's Yingke PE raises $286m
Shanghai-based Yingke Private Equity has closed its latest renminbi-denominated fund with commitments of RMB2 billion ($286 million), primarily from insurers and other financial institutions.
LP interview: FMO
Dutch impact investor FMO has maintained significant appetite for private equity and developing Asia with relatively few resources at its disposal. Fintech is the next frontier
Cayman fund regulation: Marginal gains
Private equity firms that use the Cayman Islands as a fund domicile are coming to terms with the realities of registration. Is the cumulative weight of increased regulation making them consider other jurisdictions?
KIC's private equity head to lead alternatives
Korea Investment Corporation (KIC) has promoted Jong-ho Kim from head of private equity to deputy CIO with a brief to lead its alternative investment group.
HQ raises its largest-ever fund-of-funds
HQ Capital has raised $750 million for its latest global private equity fund, which will pursue primary, secondary and co-investments in Asia, Europe, and the US.
Australia’s Square Peg raises $240m for third VC fund
Australian VC firm Square Peg Capital has received initial commitments of A$350 million ($240 million) for its third fund from investors including Hostplus and AustralianSuper.
Asian LPs believe GPs underplay climate change risk - survey
More than three-quarters of LPs in Asia Pacific do not believe GPs take climate change risks seriously enough in their investment policies and practices, according to Coller Capital’s latest private equity barometer survey.
Coronavirus & fundraising: Comfort levels
Personal contact with the manager remains a prerequisite for LPs when making fund commitments, but to what extent will recent travel restrictions change the parameters for on-site due diligence?
Manulife promotes Asia private equity head
Liam Coppinger, who leads private equity investment activity in Asia Pacific for Manulife Investment Management, has been promoted to senior managing director.
Lakeshore seeks $125m for second Thailand fund
Lakeshore Capital Asia is looking to raise $125 million for its second Thailand-focused fund and has won backing from the International Finance Corporation (IFC).
IFC set to back Endiya's second India fund
The International Finance Corporation (IFC) plans to invest $10 million in the second fund raised by Endiya Partners, an early-stage venture capital investor based in India.
Unigestion loses Asia Pacific private equity head
Eric Marchand, who leads Asia Pacific private equity activity at Europe-headquartered asset manager Unigestion, will be leaving the firm in July after approximately eight years of service.