LPs
Southeast Asia: Wary voices
LPs are likely to remain reluctant on Southeast Asia funds until GPs can demonstrate a consistent ability to generate positive returns from the region
Long-term capital: The patient play
Permanent and long-term capital structures are an attractive proposition for a wide range of players in Asia’s PE market, but bringing them from theory into practice presents numerous challenges
Australia's Future Fund creates chief technology officer role
Australia’s Future Fund plans to hire a chief technology officer (CTO), part of whose remit will be to work with the investment team to develop technology solutions that support investment decision-making.
China family offices: In the money
Having made their fortunes turning start-ups into internet behemoths, Chinese tech founders are increasingly turning to family office structures for wealth management. It is an evolutionary process
Korea Post seeks managers for global co-investment
Korea Post plans to commit $200 million across two funds that offer global private equity co-investment exposure.
HarbourVest adds managing director in Hong Kong
HarbourVest Partners has promoted Till Burges, who covers primary investments out of the firm’s Hong Kong office, to managing director.
LPs open-minded on multi-product managers - AVCJ Forum
The perception that private equity firms introducing additional strategies will boost their fee income but at the expense of overall returns is unfounded, provided expansion is conducted thoughtfully and alignment of interest is maintained.
Future Fund seeks Australia venture capital exposure
Australia’s Future Fund is close to making its first commitment to a local venture capital manager as part of ongoing efforts to take advantage of technological disruption in the global economy.
LP interview: Ngai Tahu Holdings
Ngai Tahu Holdings is the flagbearer for a rising LP base representing New Zealand’s native peoples. Few private equity players contemplate such lengthy histories and outlooks
New Zealand’s Maori to gain prominence in private equity
New Zealand’s indigenous Maori tribes, also known as iwi groups, are set to accelerate their growing exposure to local private equity in the form of LP contributions, according to industry participants.
Australia's IFM: The customized approach
IFM Investors has moved from fund-of-funds through co-investment to a direct approach designed to meet its superannuation fund clients’ concerns about access, cost, and transparency. Is it working?
Sovereign wealth funds: Size matters
GIC Private is an example of a sovereign wealth fund that has developed wide-ranging private equity capabilities. More of its peers have been boosting exposure to alternatives, highlighting the prospect of increased direct investment, but establishing...
Global investors seek more technology exposure - survey
Growth-stage technology has become an attractive investment theme for international LPs and GPs, with both groups planning to increase allocations and devote more resources to the sector, according to a private markets survey conducted by Hamilton...
Japan Post: Stamp of approval
A newly launched private equity vehicle under the Japan Post brand is being hailed as a validation of the asset class domestically. It could be a critical juncture for the development of local technology markets
India budget promotes start-ups, but leaves GPs waiting
India’s latest Union Budget promises strong support for domestic entrepreneurs and venture capital investors, but provides few specific measures to benefit the private equity industry.
Japan Post entities form joint PE investment unit - update
Japan Post Bank and Japan Post Insurance have agreed to form a joint asset management company that will make direct private equity investments, mostly in partnership with GPs.
India LPs: Patient capital
Despite favorable regulatory moves in recent years, Indian financial institutions remain reluctant to invest in private equity. Investors see room for optimism, but they know they are in for a long wait
Australian superannuation reform: Efficiency drive
With proposed changes to Australia’s superannuation system emphasizing performance rather than just cost, more money could be directed into expensive yet high-performing asset classes like private equity
Asia private equity veteran Veronica John dies at 53
Veronica John, a longstanding emerging markets investor, has died following a battle with cancer. She was 53.
LP interview: CalSTRS
Christopher Ailman, CIO of California State Teachers’ Retirement System (CalSTRS) discusses fund sizes, the attractions and limitations of Asia, the problems of listed PE, and the need for fee reform
Overseas LPs find entering Asia challenging
Overseas institutional LPs – in particular those willing to write larger checks – have found it difficult to access Asia's private equity market, industry participants told the HKVCA Asia Private Equity Forum.
StepStone wins GPIF infrastructure mandate
Japan’s Government Pension Investment Fund (GPIF) – the world’s largest pool of retirement savings – has awarded a global infrastructure fund-of-funds mandate to StepStone Group.
Pantheon promotes Alex Wilmerding to partner
Pantheon has promoted Alex Wilmerding, who is responsible for client relationships across Asia Pacific and also sits on the regional investment team, to partner.
AVCJ Awards 2017: AVCJ Special Achievement: Victor Fung
Victor Fung played a key role in the development of venture capital and private equity in Asia, and of AVCJ itself. He looks back at how the various pieces fell into place