LPs
GP stakes: Succession scenarios
Funds dedicated to acquiring stakes in alternatives managers represent a small but growing industry niche. They target GPs with strong records, stable fee streams and a need to address inter-generational change
Weathering cycles requires focus on fundamentals – AVCJ Forum
Private equity firms looking to maintain momentum across macro cycles must focus more on asset selection and value creation, industry participants told the AVCJ Forum.
LPs drive evolution in Asia back office practices – AVCJ Forum
Growing demand for information and reporting among a shifting LP base is leading Asian GPs to improve their back office structuring, investors told the AVCJ Forum.
GP stakes: A matter of ownership
Many private equity firms in Asia have been approached about selling a GP stake, whether it is to facilitate succession or in return for supporting a fundraise. Responses to such propositions are mixed
Q&A: Alaska Permanent Fund Corporation's Yup S. Kim
Yup S. Kim, a senior portfolio manager for private equity and special opportunities, at Alaska Permanent Fund Corporation (APFC) discusses co-investment, accessing Asia, and allocating to permanent capital structures
GP-LP communication key to effective ESG policy – AVCJ Forum
Continued uptake of meaningful environmental, social, and governance (ESG) policies in private equity will depend on fostering deeper dialogue on the subject between GPs and LPs, according to industry participants at the AVCJ ESG Forum.
Q&A: Hong Kong Monetary Authority's Clara Chan
Clara Chan, CIO for private markets at the Hong Kong Monetary Authority, discusses ever-larger pan-Asian funds, approaches to co-investment, addressing economic volatility, and the evolving GP-LP relationship
Australasia PE outlook: Return of the take-private
Large-cap GPs are setting their sights on listed companies, with healthcare, education and technology top of the list
Operational value-add: Sign of the times
Budding interest in operational value-add marks a new level of maturity in Asian private equity. Trial-and-error experimentation has progressed slower than the macro motivators
Australia take-privates: Super show
AustralianSuper is supporting BGH Capital - a portfolio GP - on privatization bids for two companies in which the superannuation fund is an investor. Is this a new model for GP-LP partnerships in Australia?
Separately managed accounts: Bespoke buyouts
Co-investment alongside a single strategy is the most common function of separate accounts in Asia, but establishing parameters that meet the needs and rights of all stakeholders can still be challenging
Korea's NPS taps BNK Financial head for CIO role
Korea’s National Pension Service (NPS) has appointed Hyo-Joon Ahn as its new CIO after struggling for more than a year to find a permanent occupant for the role.
Philippines investors defy systemic risks – AVCJ Forum
Industry participants at the AVCJ Philippines Forum praised the country’s macro fundamentals but attributed slow maturation of the local investment environment to a range of complex underlying factors.
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), which has more than $200 billion in assets, 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.
