LPs
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).
LPs assume control of Exhilway's emerging markets fund
LPs have assumed control of Exhilway Global Opportunities Fund - a vehicle set up by US-based hedge fund and emerging markets private equity GP Exhilway Global - apparently following difficulty sourcing deals.
Australia's MLC to open US office
MLC Private Equity, which is part of National Australia Bank's wealth management division, will open an office in New York to cover investment opportunities in North America and Latin America.
LPs positive on Asia, weakening on China - survey
LPs are becoming more positive on Asia Pacific as they see an improved risk-reward profile in several markets, but their outlook on China has worsened compared to three years ago, according to a survey.
Korean groups launch $180m North America infrastructure mandate
A group of Korean institutional investors led by a unit of KB Financial Group has awarded a North American infrastructure mandate worth $180 million to Fengate Capital Management.
Chinese insurers: GP or LP?
China’s insurance companies are allowed to have more exposure to private equity than ever before. This includes the right to set up their own GPs, but not all market players will plot such a course immediately
LP interview: ROC Partners
Having created the largest Asia-focused fund-of-funds as a division of Macquarie, Michael Lukin and his team spun out two years ago to form ROC Partners. Secondaries and co-investments are the areas of focus
China's NSSF posts 11.7% investment return for 2014
China’s National Council for Social Security Fund (NSSF) generated an investment return of 11.69% in 2014, up from 6.2% the previous year.
Australia's portfolio disclosure rule pushed back again
The Australian government has once again deferred introduction of portfolio holdings disclosure legislation that could require domestic LPs to reveal the identity and investments of each PE and VC fund they back.