LPs
NZ Super Fund commits $182m across three domestic GPs
New Zealand Superannuation Fund (NZ Super) has committed to invest up to NZ$260 million ($182 million) in three domestic PE funds.
JD.com spin-out launches $500m China VC fund
GenBridge Capital, a venture capital firm whose founders include two members of Chinese online retailer JD.com’s M&A team, is seeking to raise $500 million for its debut China fund.
To pastures new: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2016
The crystal ball: Predictions for 2017
From LPs looking for realizations from GPs as well as paper gains, to the factors contributing to more buyout opportunities in China, industry participants give their perspectives on the year to come
IFC to work with Vietnam's SCIC on divestments, co-financing
The International Finance Corporation (IFC), the investment arm of the World Bank, will partner with Vietnam's State Capital Investment Corporation (SCIC) to help execute its divestment plan and explore co-financing opportunities.
India GPs must back up value-add claims with returns - AVCJ Forum
Indian GPs are keen to highlight their proprietary deal-sourcing capabilities and operational credentials, but these claims are only meaningful if they have a demonstrative impact on performance, LPs told the AVCJ India Forum.
MBK closes fourth North Asia fund at $4.1b
MBK Partners has reached a first and final close on its fourth North Asia-focused buyout fund at $4.1 billion, a significant step up from the $2.7 billion it raised for Fund III.
OTPP promotes Jo Taylor to international managing director
Ontario Teachers’ Pension Plan (OTPP) has promoted Jo Taylor to senior international managing director. He will also serve as interim head of Asia Pacific as Nicole Musicco, the current head, returns to Toronto to lead OTPP's public equities unit.
Jungle Ventures reaches $100m final close on SE Asia fund
Singapore-based Jungle Ventures has reached a final close of $100 million on its second fund, which will target Southeast Asian technology start-ups.
Australia's QIC announces partnership with Ping An
Australia’s QIC has reached an agreement with Ping An Asset Management (PAAMC), the asset management arm of Ping An Insurance, which will allow the Chinese group to tap into QIC’s experience in alternatives.
Infosys backs Stellaris' debut India venture fund
Indian IT and business consulting firm Infosys has made a INR31.6 million ($4.6 million) LP commitment to the debut fund of Stellaris Venture Partners, a spin-out from Helion Venture Partners.
LP interview: Alberta Teachers' Retirement Fund
When Alberta Teachers’ Retirement Fund developed a private equity program, it was able to learn from the experiences of others and focused on building deep relationships with a select group of managers
Singapore's GIC makes changes to senior leadership
Singapore’s GIC Private has promoted Chow-Kiat Lim, currently its group chief investment officer, to the post of CEO, replacing Siong-Guan Lim, who will retire.
China's CMC, Enlight back IMAX's VR fund
Two Chinese media players – sector specialist PE firm CMC Capital Partners and entertainment content provider Enlight Media – are among the first group of LPs in a virtual reality (VR) fund raised by IMAX Corporation and its Hong Kong-listed Chinese...
Family offices becoming more effective PE investors - AVCJ Forum
Family offices investing in Asia are improving their understanding of private equity and bringing increasingly sophisticated approaches to the asset class, industry professionals told the AVCJ Forum.
Large cap Asian LPs continue to prioritize co-investment - AVCJ Forum
Malaysia’s Employees’ Provident Fund (EPF) and Australia-based QIC differ markedly in terms of the maturity of their PE programs, but there is a common interest in establishing close ties to a limited number of GPs and pursuing co-investment.
China's CIC to step up overseas direct investments
Sovereign wealth fund China Investment Corporation (CIC) plans to accelerate the pace of its overseas direct investments, with a view to supporting Chinese economic modernization.
Asia’s LP landscape
Asia is increasingly a target for private equity firms on the fundraising trail, but the region’s LP base can be difficult to penetrate, with huge variations in size, appetite and sophistication
Chinese LPs: Untapped potential
Still at an early stage of its development, China’s LP community has minimal exposure to offshore private equity. Institutions with big checkbooks aren’t necessarily the fastest movers
Q&A: Japan Post Bank's Tokihiko Shimizu
Japan Post Bank, which has $2 trillion in assets, launched its alternatives division earlier this year. Tokihiko Shimizu, head of private markets investment, discusses where and how the group is likely to invest
Transition time: Succession planning in private equity
Asian GPs face increased scrutiny on succession planning as LPs seek to distinguish franchises that are sustainable from those that are not. For some founders, sharing economics and power isn’t easy
IFC proposes backing Jungle's SE Asia seed fund
The International Financial Corporation (IFC), the investment arm of the World Bank, has proposed a $2 million investment in Jungle Ventures' Southeast Asia-focused seed fund.
Australia's Future Fund emphasizes VC, growth equity
Private equity – and in particular venture capital and growth equity – is “more important now than it has ever been” to Future Fund’s overall portfolio, the Australian sovereign wealth fund said in its annual report.
ADIA to open Hong Kong office
Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the government of Abu Dhabi, has announced plans to open an office in Hong Kong.