LPs
GPs & SPACs: Filthy lucre?
The global SPAC craze is percolating into Asia, with private equity firms among the sponsors. LPs aren’t necessarily comfortable with the development, but there’s only so much they can do about it
China VCs back See Fund's debut vehicle
See Fund, an investment firm established by the founder of Chinese artificial intelligence chip start-up DeePhi Technology, has raised RMB200 million ($31 million) for its debut fund.
Malaysia's EPF awards co-investment SMAs to global firms
BlackRock, HarbourVest Partners, and Partners Group have been awarded co-investment mandates by Malaysia’s Employees Provident Fund (EPF) totaling $600 million.
Fundraising talent: New calls of duty
The trend toward more stringent due diligence in recent years has maximized fundraising complexity at a time when the professionals involved must adapt to unfamiliar virtual forums
Hamilton Lane secures Asian support for global secondaries fund
Hamilton Lane has closed its fifth global secondaries fund on $3.9 billion, with Asian LPs accounting for 17% of the corpus.
Ex-KKR executive to lead Indonesia's sovereign wealth fund
Ridha Wirakusumah, whose previous roles include serving as a director for Southeast Asia at KKR, has been chosen to lead Indonesia's new sovereign wealth fund.
BRICS bank commits $100m to India state-backed fund-of-funds
NIIF Fund of Funds, a rupee-denominated fund-of-funds vehicle anchored by the Indian government, has reached the $800 million mark following a $100 million commitment from the country’s New Development Bank (NDB).
Temasek CEO steps down
Ho Ching, CEO of Singapore’s Temasek Holdings will step down from the government-controlled investment fund effective October 1. She will retire her board seat on the same date.
NZ Super to back Pioneer's fourth fund
Auckland-based private equity firm Pioneer Capital has received a cornerstone commitment of NZ$100 million ($72 million) for its fourth fund from New Zealand Superannuation Fund (NZ Super).
CDC expands VC program with South Asia focus
UK development finance institution CDC Group has engaged two venture capital industry veterans as part of a VC program expansion in Africa and South Asia.
Asia family offices: Unfamiliar territory
The industrial backgrounds of family offices represent a strategic edge but also a potential hinderance to portfolio diversification. The same goes for principal-led governance structures
Hong Kong's E15 VC closes second fund at $32m
Hong Kong technology investor E15 VC, also known as E15 Ventures, has closed its second fund at $32 million with a $15 million contribution from Sun Hung Kai & Co (SHK).
Q&A: Office of New York City Comptroller's Wendy Garcia
Wendy Garcia, chief diversity officer for the Office of New York City Comptroller discusses her team’s diversity and inclusion objectives and what this means for GPs seeking allocations from city’s pension funds
Pathway promotes head of Hong Kong office
Simon Lau, who has led the Asian operations at fund-of-funds Pathway Capital Management since 2012, has been promoted to managing director.
Asia fund administration: Odd jobs
COVID-19 is the latest in a growing list of drivers causing private equity firms to outsource various operations. The trend is implacable but inherently flexible
Portfolio Advisors promotes Asia fundraiser
Portfolio Advisors has promoted Chris Choi, who is responsible for business development and client services in Asia, from senior vice president to managing director.
Zeitgeist: 2020 in quotes
What industry participants had to say on China IPOs, conducting due diligence on GPs, waiting for distress opportunities, working from home, co-underwriting deals, and sensible recruitment policies
Musical chairs: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2020
Q&A: Hamilton Lane's Collwyn Tan
Collwyn Tan, Hamilton Lane’s co-head of Asia investment and key point person for everything transactional in the region, unpacks the mixed signals of 2020
Investor relations: Talk isn't cheap
The enforced adoption of virtual communications points to longer-term changes in investor relations, from annual general meetings to informal catch-ups. GPs must find ways to stand out
LPs anticipate PE portfolio restructuring - survey
A wave of portfolio restructuring is likely as LPs turn to the secondary market to reshape their private equity exposure, source new credit facilities or dispose of assets to remedy liquidity shortfalls, and review co-investment policies, Coller Capital’s...
Future Fund names new CIO, hires PE executive from Navis
Australia’s Future Fund has appointed Sue Brake as its new CIO and brought in Kelvin Mak, formerly of Navis Capital Partners, as a director in the private equity team.
Ex-Capital Dynamics executive gets Japan fund-of-funds mandate
Kazushige Kobayashi, formerly of Capital Dynamics, has won a fund-of-funds mandate from the Tokyo government to be managed by a dedicated team set up under Asian alternatives group MCP Asset Management.
LP interview: Rockefeller University
Rockefeller University has aggressively expanded its endowment program by ramping up its appetite for risk. Asian venture capital is playing a key role in this agenda
