LPs
HarbourVest makes two promotions in Asia
HarbourVest Partners has promoted two Asia-based professionals – Minjun Chung and Kanji Takenaka, who focus on South Korea and Japan, respectively – to principal.
Family office fundraising: Face to face
Dealing with a family office can be uniquely challenging for GPs. Managers who want success have to be able to handle the unique dynamics of this situation
Evergreen funds: The long hold
The notion of patient or permanent capital draws interest from both GPs and LPs, but evergreen funds are rare in the US and even rarer in Asia. This state of affairs is unlikely to change any time soon
OTPP funds director named ILPA chair
Tanya Carmichael, director of global funds and private capital for the Ontario Teachers' Pension Plan (OTPP), has been appointed to chair the board of directors for the Institutional Limited Partners Association (ILPA).
Korea's NPS loses chairman, CIO
South Korea’s National Pension Service (NPS) is recruiting a new chairman and CIO after the two incumbents stepped down due to tensions over strategy.
Co-investments strengthen GP-LP bond - AVCJ Forum
LPs that pursue co-investment opportunities alongside their portfolio GPs can build a stronger relationship with the managers, LPs told the AVCJ Forum.
Adams Street's PV Wang to step back
Piau-Voon Wang, a partner at Adams Street Partners who opened the firm’s Singapore office in 2006, is stepping back and transitioning to an advisory role.
LPs adapt to growing sophistication - AVCJ Forum
As the Asian private equity industry continues to grow, LPs told the AVCJ Forum that they are encouraged by its similarity to the development of other markets.
Asia co-investment: The waiting game
Large-scale co-investment will take time to get traction in Asia
French investor buys 5% stake in Warburg Pincus
Billionaire investor Marc Ladreit de Lacharriere, the CEO of French financial services firm Fimalac, has bought a 5% stake in Warburg Pincus and become a senior strategic partner at the firm.
Q&A: OTPP's Nicole Musicco
Co-investment is a key tenet of the private equity strategy at Ontario Teachers’ Pension Plan. Nicole Musicco, managing director and head of Asia Pacific, explains how the group likes to participate
Fundraising and co-investment: Friends with benefits
Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the needs of large investors. It points to an increasingly customized and complicated GP-LP relationship
Canada's CPPIB opens India office
Canada Pension Plan Investment Board (CPPIB) has opened an office in Mumbai to focus on investment opportunities in India.
Chinese appliance maker to invest in Cathay's Sino-French fund
Shenzhen-listed home appliance maker Joyoung has committed EUR5 million (5.53 million) to Cathay Capital’s Sino French Innovation Fund, which is looking to invest in start-ups in France, China and the US.
High PE exposure drives Asia family office performance - study
Family offices in Asia Pacific produced the second-best performance globally in 2014, in part due to their relatively large private equity exposure, according to a new report.
Australian LPs and domestic VC: Toe in the water
Australian super funds are showing renewed interests in domestic venture capital, supporting firms that offer flexible structures with co-investment opportunities. Can this approach work for all GPs?
Fund focus: Lighthouse bets on consumer sophistication
India-focused Lighthouse Funds is looking to capitalize on consumers' concern for practical needs and their desire to build better lives for their families
Indonesia's Falcon House targets $300m for Fund II
Indonesian GP Falcon House Partners is targeting $300 million for its second fund and the International Finance Corporation (IFC) may once again come on board as an LP.
RRJ Capital closes Fund III at $4.5b
RRJ Capital has closed its third fund – which invests globally, with an emphasis on China and Southeast Asia – at $4.5 billion after approximately nine months in the market.
LP interview: International Finance Corporation
The International Finance Corporation helps emerging managers in frontier markets get off the ground. However, the current priority is to back more established managers in more established markets
The long game: Merchant banking-style PE
Ascendent Capital Partners’ China strategy involves advising companies first and raising the prospect of investment second, perhaps with a sizeable gap in between. Does this signal change in the middle market?
Bank of Tokyo-Mitsubishi commits $30m to Asia climate fund
Bank of Tokyo-Mitsubishi UFJ (BTMU) has committed $30 million to Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Japan’s Orix Corp, and Robeco Institutional Asset Management.
Asian GPs improving on ESG awareness - AVCJ Forum
The impetus for environment, social and governance (ESG) issues achieving greater prominence in PE comes from Europe, but Asian GPs are not necessarily so far behind their counterparts in developed markets.
Q&A: PRI's Fiona Reynolds
The UN-sponsored Principles for Responsible Investment (PRI) initiative has extended its coverage into private equity in recent years. Managing Director Fiona Reynolds offers a snapshot of her findings