LPs
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
PE and ESG: More than a box check
Environmental, social and governance (ESG) issues have traditionally featured in pre-deal due diligence to mitigate risk, but GPs are increasingly called upon to weave these considerations into strategic thinking
ESG in action
As a content provider for the Asian private equity industry, identifying topics that appeal to readers and conference attendees is at times challenging. As a weekly product, the journal is able to cover a wider variety of subject matter than our less-frequently-held...
OTPP names Nicole Musicco as Asia head
Ontario Teachers' Pension Plan (OTPP) has appointed Nicole Musicco as managing director for Asia-Pacific and head of the Hong Kong office.
Chinese regulator provides guidance on insurers setting up PE funds
China's insurance regulator has broadened insurance company’s permitted investment areas through their private equity funds, the latest effort to allow greater exposure to alternative assets.
Australia's Future Fund contiues to ramp up PE exposure
Australia’s Future Fund continues to boost its exposure to private equity, with 10.8% of its assets – or A$12.6 billion ($8.8 billion) – deployed in the asset class as of June 2015. This follows an increase from 7.7% to 9.5% over the course of 2014.
Auda to be brought under HQ Capital brand
Auda International, the private equity arm of the Harald Quandt family, has been folded under the HQ Capital brand alongside its sister alternative investment businesses.
Fundraising: Cracking the Korean LP
Korea’s LP community has been compared to an iceberg: the tip is very visible but getting to the lump of uncommitted capital that lurks beneath surface can be far more difficult. GPs on the fundraising trail must ask themselves whether it is worth the...
IFC to back Jungle Venture's second fund
International Finance Corporation (IFC) will invest up to $10 million in Singapore-based Jungle Ventures' second venture capital fund.
GIC's PE allocation unchanged as 12-month overall return rises
GIC Private’s PE allocation remained static at 9% last year as the Singapore sovereign wealth fund posted a 20-year annualized return of 4.9% for the 12 months ended March 2015, up from 4.1% in 2014.
LP interview: Germany's DEG
Active in Asia for 50 years, German development finance institution DEG can claim a role in the emergence of PE in the region. Singapore-based Marcus Bracht explains how its strategy has evolved since then.
VIDEO: CPPIB's Mark Machin
Canada Pension Plan Investment Board (CPPIB) is one of few North American LPs to set up an office in Asia and Mark Machin, the group's head of international and Asia president, admits it is not for everyone
Korea's KIC targets 50% alternatives allocation
Korea Investment Corporation (KIC), which is expected to surpass $100 billion in assets this year, wants to increase its allocation to alternative assets to 50% from the current level of 8%.
US LPs and Asian GPs: Survival of the fittest
With US LPs refocusing their Asia exposure – reducing the number of commitments if not the aggregate size – smaller funds may be feeling the pinch. But this could benefit the long-term health of the market
Japan pension funds have out-dated view on PE risk - AVCJ Forum
Japan's pension fund industry needs to reevaluate its perception of private equity as a risky alternative asset, domestic LPs told the AVCJ Japan Forum.
Arizona PSPRS commits $90m to StepStone Asia fund
Arizona Public Safety Personnel Retirement System (Arizona PSPRS) has agreed to commit up to $90 million to a StepStone AZ China and Asia Opportunity Fund.
Legend Holdings targets $1.96b Hong Kong IPO
Legend Holdings, sponsor of China-focused GPs Hony Capital and Legend Capital, has set a pricing range for its Hong Kong IPO that would see the company raise as much as HK$15.2 billion ($1.96 billion).