LPs
China's CIC sees 9.3% gain on overseas investments in 2013
China Investment Corporation (CIC) saw a 9.3% return on its international portfolio in 2013 as strong stock market performance saw the sovereign fund’s exposure to public equities rise at the expense of other assets classes, including long-term investments...
China Life to buy $250m TPG stake - report
China Life - the world's third largest insurer - is to acquire a stake in TPG Capital for $250 million.
Northgate's Koh joins Singapore university endowment
Lye Thiam Koh has departed fund-of-funds Northgate Capital and taken up a new role as portfolio manager with the National University of Singapore’s (NUS) investment office.
Partners Group acquires 12% of Venator's China RE fund
Partners Group has acquired a 12% stake in Trophy Property Development (TPD), a $1 billion China-focused property development fund managed by Venator Real Estate Capital. The financial details of the transaction were not disclosed.
Singapore's GIC sees increase in PE exposure in 2014
Singapore sovereign wealth fund GIC Private has upped its exposure to private equity alongside bonds and emerging market equities for the year ended March, 2014, according its annual report.
India's Piramal forms $1b Infra platform with APG
Piramal Enterprises - the flagship business of Indian conglomerate Piramal Group - is teaming up with Dutch pension fund manager APG Asset Management to invest up to $1 billion in India infrastructure companies over the next three years.
LP Interview: Taiwan's Bureau of Labor Funds
The newly-established Bureau of Labor Funds is Taiwan's largest pension fund system. Private equity is not currently in the portfolio but this may change as alternatives exposure grows
Taiwan's Cathay Life commits $20m to Vista tech fund
Taiwan’s Cathay Life Insurance has committed $20 million to US technology-focused private equity firm Vista Equity Partners’ latest flagship fund - Vista Equity Partners Fund V.
Shunfeng commits $74m in Japan power project PE fund
Hong Kong-listed solar cell manufacturer Shunfeng Photovoltaic International has commited JPY7.5 billion ($74 million) to an unnamed Japanese solar power-focused fund.
Taiwan's Fubon Financial backs Fosun outbound fund
Fubon Financial, parent of Taiwan’s second-largest life insurance firm, has committed $20 million to Fosun International’s outbound China Momentum Fund.
Coller's Mizuno joins GPIF investment committee
Japan's Government Pension Investment Fund (GPIF) has appointed Hiromichi Mizuno, a partner at secondaries specialist Coller Capital, to its investment committee.
Global secondaries deal flow set to break record - Cogent
Global secondary transaction volume for 2014 is on course to break $30 billion for the first time after reaching $16 billion in the six months of 2014, according to secondary market-focused investment bank Cogent Partners.
Public, private equities drive strong returns for California pension funds
America’s two largest public pension funds each reported annual returns in excess of 18% largely driven by soaring domestic and international public equities, although private equity was the second-best performing asset class. `
Town Health International Medical to invest in Chinese PE fund
Town Health International Medical Group, a Hong Kong-listed dental clinics operator, has contributed RMB15.5 million ($2.5 million) to a PE fund launched by a unit of the Guizhou provincial government.
Emerging markets fail to meet LP expectations – research
Emerging markets GPs have fallen substantially short of LP expectations, with top quartile funds achieving the desired 16% IRR in just two out of nine years between 2000 and 2011, according to new research.
China's NSSF investment return 6.2% in 2013
China’s National Social Security Fund (NSSF) reported a 6.2% investment return last year, down from 7% in 2012.
Japan LPs give mixed views on co-investment - AVCJ Forum
More Japanese LPs are recognizing the importance of co-investment for driving returns but some are still put off by the potential risks.
StepStone enters real estate space, targets Asia expansion
StepStone has moved into the real estate sector with the addition of executives from Clairvue Capital Partners. The new team has built portfolios in the US and Europe and plans to add professionals in Asia over the next 12 months.
VIDEO: Marcus Simpson of QIC
The relationship PE firms and large institutional investors has yet to settle down following the disturbance created by the global financial crisis, but fee discounts, co-investment and direct investment are here to stay, says Marcus Simpson, head of...
China's CIC to focus on food
China Investment Corporation (CIC), the country’s $650 billion sovereign wealth fund, wants to partner with governments, multilateral organizations and like-minded institutions to invest in agriculture assets.
Japan's public pension funds: Sleeping giants
Following concerns about performance and a government review of asset allocations, Japan’s public pension funds are prepping to enter private equity. But when will it happen and who stands to benefit?
Q&A: JBIC's Shigeki Kimura
Japan Bank for International Cooperation made its first commitment to a top-tier GP this year, backing CVC Capital Partners’ latest Asia fund. Managing Executive Officer Shigeki Kimura explains the group’s strategy
Q&A: Capital Dynamics' Kazushige Kobayashi & Tokio Marine's Soichi Sam Takata
Kazushige Kobayashi (pictured), managing director at Capital Dynamics, and Soichi Sam Takata, head of private equity at Tokio Marine Asset Management, discuss the implications of improving investor sentiment in Japan
Communication key to a China fundraise - AVCJ Forum
Clear and consistent communication is the key to a successful China fundraise as LPs grapple with the various macro and micro concerns of investing in the country, industry participants told the AVCJ China Forum.