LPs
Fragmentation factor: Deal-by-deal draws interest in Southeast Asia
Deal-by-deal investment is gaining traction in Southeast Asia due to a reluctance to back blind pool funds in the region and highly localized deal-sourcing. It is unclear whether the dynamic could, or should, remain
Singapore's Temasek sees portfolio decline due to market volatility
Temasek Holdings saw the biggest single-year drop in the value of its investment portfolio since the aftermath of the global financial crisis, with S$242 billion ($179 million) in assets for the 12 months ended March 2016 compared to a record high of...
Tipping points: Asian LPs target the US
While global private equity firms have well-established channels for tapping Asian institutional investors, it continues to be challenging for LPs from this region to access North America's middle-market managers
Korea's NPS allocates $605m to four local PE firms
South Korea’s National Pension Service (NPS) has allocated KRW700 billion ($605 million) to funds managed by domestic GPs VIG Partners, Skylake Investment, Lindemann Asia Investment and SG Private Equity.
OTPP-owned Nextgen sells network assets in Australia
Nextgen Group, the Australian telecommunication network owned by Ontario Teachers' Pension Plan (OTPP) and CIMIC Group, has agreed to sell some of its assets to Vocus Communications.
LP interview: Pantheon
Pantheon believes the growing experience of GPs in Southeast Asia comes at just the right time to take advantage of the region’s booming consumption opportunities
Japanese LPs gradually turning to private equity - AVCJ Forum
Japanese institutional investors are increasingly interested and active in private equity, but engagement with the asset class is hampered by culture, limited human resources, and the lengthy time horizons involved, LPs told the AVCJ Japan forum.
CPPIB appoints Suyi Kim Asia head, names new regional PE lead
Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim and Deborah Orida as managing director, head of Asia and managing director, head of private equity Asia, respectively.
Shenzhen Hepalink commits $60m to TPG biotech fund
Chinese drug maker Shenzhen Hepalink Pharmaceutical has agreed to commit $60 million to TPG Capital’s latest biotech fund.
IFC to support Abraaj's $200m Pakistan fund
The International Finance Corporation (IFC) has proposed investing up to $20 million in a Pakistan-focused fund being raised by The Abraaj Group. The vehicle has an overall target of $200 million.
Japan fundraising: Stronger sentiment
A host of Japanese GPs are either in the market with new funds or preparing to enter it. Industry participants are optimistic that the process will be smoother than last time around
Japanese LPs: Glacier effect
There is growing interest among Japanese institutional investors for exposure to alternatives. However, this doesn’t mean commitments will come quickly, or go to private equity first
Korea's KIC appoints new CIO
Korea Investment Corporation (KIC) has named Shin-Woo Kang, most recently CEO of Hanwa Asset Management, as its new CIO. He replaces Heung-Sik Choo, who stepped down in February after less than two years in the job.
CDC commits $10m to South Asia impact investor
The DFID Impact Fund, a social impact investment vehicle managed by UK-based development finance institution CDC, has made its first investment in South Asia, committing $10 million to the Insitor Impact Asia Fund.
Sovereign funds increase alternatives allocations - survey
Global sovereign wealth funds have continued to cut their investments in bonds and increase their allocations to alternative asset classes, including private equity, infrastructure and real estate, according to a new survey.
It's good to talk: PE's communication imperative
Asian private equity has in recent years discovered the benefits of greater media and public engagement
Korea's NPS boosts overseas PE exposure
The National Pension Service of Korea (NPS) has pledged to more than double the Asian allocation of its KRW19.5 trillion ($16.4 billion) allotment for global private equity investment.
LP interview: Top Tier Capital Partners
Top Tier Capital Management sees continued interest from Asian LPs in the US venture capital market, but newcomers to the asset class must learn to understand its workings and be prepared for setbacks
The communicators: Investor relations in Asia
GPs in Asia are devoting more resources to investor relations in response to increased reporting requirements and a challenging fundraising environment. But finding the right IR formula is not easy
CPPIB names Asia, international head Mark Machin as CEO
Mark Machin, head of international and Asia president at Canada Pension Plan Investment Board (CPPIB), will become the pension fund’s next global president and CEO. The appointment comes as CPPIB’s annual report indicates a continued ramp up in its Asia...
IFC to invest in Southeast Asia frontier markets fund
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $7.5 million in a PE fund managed by Singapore's Emerging Markets Investment Advisers (EMIA).
Q&A: Noah Holdings' Piau-Voon Wang
Piau-Voon Wang, formerly of Adams Street Partners, is now co-CIO of Chinese wealth manager Noah Holdings. He explains why helping Chinese investors go overseas could be the biggest PE opportunity of the decade
Korea's GEPS seeks offshore secondaries managers
South Korea’s Government Pension Investment Service (GEPS) is looking to make two commitments – of $50 million apiece – to overseas GPs operating co-mingled global secondaries funds.
Japan's JBIC to invest in KKR Americas fund
The Japan Bank for International Cooperation (JBIC) has made an LP commitment to KKR’s latest North American fund. The size of the investment was not disclosed.