LPs
Adams Street closes global early stage fund at $426m
Adams Street Partners has reached a final close of $426 million on Adams Street Venture Innovation Fund II, its global early-stage fund-of-funds.
Emerging markets ESG: Alliances of convenience
Portfolio companies in Asia’s emerging markets are increasingly enthusiastic about implementing environment, social and governance (ESG) policies, but only when they see clear benefits for their business
Fund focus: Maison in dollar fund breakthrough
China’s Maison Capital raises its first US dollar-denominated fund with a view to expanding its mandate while staying focused on a thriving domestic consumer market
CalPERS names ex-SAFE executive as CIO
California Public Employees’ Retirement System (CalPERS) has appointed Yu Ben Meng, who has spent the last three years as deputy CIO of China’s State Administration of Foreign Exchange (SAFE) as its new CIO.
PE exposure helps Asian family offices outperform peers - survey
Asian family offices outperformed their counterparts globally in 2017 thanks to their relatively high exposure to private equity and emerging market public equities, according to a survey.
China's Maison secures $200m for US dollar fund
Chinese growth capital private equity firm Maison Capital has closed its first US dollar-denominated fund at $200 million.
Australia's AVCAL appoints local LP as new chair
The Australian Private Equity & Venture Capital Association (AVCAL) – which will be known as the Australian Investment Council from next year – has appointed its first chairperson from the local institutional investor community.
Investcorp makes China debut, backs Everbright fund
Investcorp, a Bahrain-listed asset manager, has made its first foray into China by committing $150 million to China Everbright’s New Economy Fund. There is an additional co-investment right of up to $100 million.
AIC wins domestic PE mandate from Chikyoren
Japan’s Pension Fund Association for Local Government Officials (Chikyoren) has awarded a domestic private equity mandate to Alternative Investment Capital (AIC).
Franklin Templeton, Asia Alternatives to launch fund-of-funds
Franklin Templeton Investment and Asia Alternatives have agreed to form a joint venture that will provide bespoke global private equity fund-of-funds solutions.
Korean LPs prepare for a downturn - AVCJ Forum
Korean institutional investors are reviewing their alternatives allocations – and focusing new commitments on more liquid strategies such as credit – in anticipation of a correction in global markets.
LP interview: Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank has moved fast to forge a name for itself as a champion of often ignored developing markets. As private sector activity ramps up, long-term plans are coming into focus
Q&A: Top Tier Capital Partners' David York
David York, a managing partner at venture capital-focused fund-of-funds Top Tier Capital Partners, assesses the motivations behind the flood of capital into the US late-stage technology space
Korean project funds: Lines of sight
The prevalence of project funds in Korea is routinely linked to local institutional investors’ innate discomfort with blind pool vehicles. But is this dynamic holding back middle market managers?
ADIA hires ex-KKR executive to lead India, SE Asia PE
The Abu Dhabi Investment Authority (ADIA) has hired Kabir Mathur, a former member of KKR’s Asia leadership team, to head its private equity investments in India and Southeast Asia.
CPPIB, Goodman commit $1.7b to China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and logistics operator Goodman Group have jointly committed $1.7 billion to an existing logistics partnership in China.
Los Angeles Fire & Police Pensions backs Baring Asia fund
Los Angeles Fire & Police Pensions (LAFPP) has committed $25 million to Baring Private Equity Asia’s seventh pan-regional fund. It invested the same amount in the firm’s previous two vehicles.
Malaysia's Khazanah names EPF CEO as managing director
Malaysian sovereign wealth fund Khazanah Nasional has appointed Datuk Shahril Ridza Ridzuan, CEO of state-controlled Employees Provident Fund (EPF), as its new managing director.
PE and tech investment: The late show
Private equity firms are participating in late-stage rounds in Asia’s technology space as they look to gain a toehold in start-ups with the potential to transform economies. But do the valuations make sense?
Capria targets $100m for emerging markets fund-of-funds
Capria Ventures, a US impact investor sponsored by Unitus, has launched a $100 million fund that will focus in part on developing regions within Asia.
Q&A: Future Fund's Raphael Arndt
Australia’s Future Fund is responding to disruption by investing in venture capital, factoring technology risk into investment decision making, and upgrading internal systems. CIO Raphael Arndt explains the rationale behind this approach
Sovereigns in alternatives: Watch the throne
Sovereign wealth funds are said to be pulling back from unlisted assets, a move motivated by intense competition and high valuations, as well as target allocations being reached
Khazanah's entire board offers to step down
Malaysian sovereign wealth fund Khazanah Nasional has confirmed that its entire board of directors is willing to resign. It comes as a newly elected government looks to curb corruption in state investment programs.
LP interview: Korea's POBA
Korea’s Public Officials Benefit Association is expanding its private equity exposure and global footprint. Maintaining this diversification within the firm’s traditional risk profile requires a gradual approach