LPs
Japan's GPIF appoints new head of investment strategy
Japan's Government Pension Investment Fund (GPIF) has named Atsushi Ikari as director general of its investment strategy department, replacing Tokihiko Shimizu.
Australia's Future Fund ups PE allocation to 9.5%
Australia’s Future Fund increased its private equity allocation from 7.7% to 9.5% over the course of 2014 as total assets under management reached A$109 billion ($85 billion). The return for the 12 months ended December was 13.2%.
Asian GPs and AIFMD: Shades of gray
Many Asian managers are coming to terms with how the EU’s Alternative Investment Fund Managers’ Directive might impact their fundraising plans. Unfortunately the legislation remains difficult to fathom
Taiwan's NDF commits $84m to VC funds
Taiwan’s National Development Fund (NDF) will invest up to $84 million into four venture capital funds as part of efforts to support local start-ups.
CalPERS sees improvement in PE portfolio performance
The California Public Employees’ Retirement System (CalPERS) saw an improvement in performance from its private equity portfolio in the year ended June 2014, although buoyant public markets led the strong short-term returns.
Western LPs still expect Asian PE to deliver a risk premium
Asia has become an established part of most North American and European LPs’ global private equity portfolios, but they still expect the region to deliver a risk premium over their home markets.
Deal-by-deal fundraising: Incremental approach
Deal-by-deal fundraising is on the rise in Asia, driven by the difficulties less experienced GPs face when raising a blind pool and LPs’ willingness to go direct. It’s a great strategy, provided you have momentum
Co-investment deals could be the next PE bubble LPs fear
Co-investment could represent the next bubble for global private equity says Erik Hirsch, global CIO for global fund-of-funds Hamilton Lane.
Japan's GPIF: Situations vacant
Hiro Mizuno is an intriguing choice as the first CIO of Japan's Government Pension Investment Fund (GPIF). His qualifications are not about to be questioned here, but rather what his appointment means as the Japanese behemoth prepares to add helpings...
Japan's GPIF targets new hires as part of investment strategy shift
Japan's Government Pension Investment Fund (GPIF) is trying to attract more talent with better pay in order to meet the demands of its changing investment strategy.
Sun Life Everbright, other Chinese insurers to launch PE fund
Sun Life Everbright Asset Management, an asset management arm of Sun Life Everbright Life Insurance, has launched a private equity fund alongside with other five Chinese insurers.
Chinese insurers win approval to invest in VC funds
Chinese insurers have received regulatory clearance to invest in venture capital funds, the latest in a string of moves that are liberalizing investment channels for the sector and allowing greater exposure to alternative assets.
Musical chairs: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2014
China's NSSF and offshore PE: Still theory, no practice
Regulations proposed by the government for China’s National Social Security Fund include a provision that suggests the pension fund could invest in offshore private equity. But how soon?
LPs to Indian GPs: Be disciplined, not opportunistic - AVCJ Forum
Indian GPs should stick more to their investment strategies and focus on pricing discipline rather than chasing opportunistic plays, LPs told the AVCJ Forum.
GP-LP relations: Trust issues
“GPs think LPs are liars" - it is a sensational designed to draw attention to an issue that is nearly as old as institutional fund management itself. Numerous past surveys and mountains of anecdotal evidence suggest that communication problems and mutual...
India fundraising: Moment of truth
With investor sentiment in India’s public markets on a roll, a host of mid-market private equity firms are either in fundraising mode or about to enter it. For some managers, at least, it will be a difficult process
Arizona PSPRS commits to Trustbridge's fifth China fund
The Public Safety Personnel Retirement System of the State of Arizona (Arizona PSPRS) has committed $40 million to Trustbridge Partners’ fifth China-focused fund.
Australia's Archer Capital cuts size of fund
Australian GP Archer Capital has cut the size of its fifth fund – which reached a final close of A$1.5 billion ($1.2 billion) in late 2011 – by returning A$300 million in commitments to LPs.
Japan's GPIF names Hiro Mizuno CIO
Coller Capital partner Hiro Mizuno has been named CIO of Japan's Government Pension Investment Fund (GPIF). His appointment comes as the fund prepares to boost its exposure to alternative assets.
Asia fundraising: How much is too much?
Ever increasing fund sizes have become a fact of life for some private equity firms in Asia. LPs must distinguish between GPs raising more capital for a valid purpose and GPs doing so simply because they can
Taiwan's Fubon commits $30m to US-based Athyrium credit fund
Fubon Life, the second-largest insurer in Taiwan, has committed $30 million to Athyrium Capital Management’s healthcare-focused credit fund.
LACERS commits to Baring Asia's sixth fund
Los Angeles City Employees’ Retirement System (LACERS) has committed up to $25 million to Baring Private Equity Asia’s sixth pan-regional fund.
LPs offer mixed views on GP ownership - AVCJ Forum
Taking a stake in the GP offers benefits to LPs looking to align interests, but not all are willing to do so at the cost of a fund manager's independence.