LPs
China.com to sell LP stake in New Horizon fund to AlpInvest
China.com, a news agency listed on Hong Kong Growth Enterprise Market (GEM) board, will sell its entire stake in New Horizon Capital IV to AlpInvest Partners for $516,000.
LPs require local expertise for Asia co-investment – AVCJ Forum
LPs need a presence in Asia – or, at the very least, an understanding of local markets – if they are to be successful co-investors in the region, industry participants told the AVCJ Europe conference, which took place in London last week.
Korea's NPS to boost alternatives exposure
South Korea’s National Pension Service (NPS) will increase its allocation to alternative investments to 11.3% from 8.4% as part of an aggressive plan that will see a substantial drop in the pension fund’s fixed income exposure.
China’s Jiuding committed to pre-IPO strategy
China pre-IPO specialist Kunwu Jiuding Capital will not change its strategy despite a slump in listings - and exit multiples - before domestic regulators slammed the door on new share offerings completely towards the end of last year.
Oregon Investment Council backs Morgan Stanley, RRJ funds
Oregon Investment Council (OIC) has committed $75 million to Morgan Stanley Private Equity Asia’s (MSPEA) fourth pan-regional fund. The vehicle, which reached a first close of $750 million towards the end of last year after less than six months in the...
John Brakey quits as head of PE at Australia's MLC
John Brakey has resigned as head of private equity at MLC, National Australia Bank's (NAB) wealth management division. His replacement is Natalie Meyenn, who moves up from her role as chief investment officer at the PE division.
CIC's head of PE sees opportunities in Europe
The challenging fundraising environment means it is a good time to target private markets, and Europe in particular, according to the head of China Investment Corporation's (CIC) private equity investment department.
LPs to increase exposure to Malaysia, Indonesia - survey
Investors plan to boost their exposure to Indonesia and Malaysia over the next three years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
Secondaries valuations remain challenging – KIC
Korea Investment Corporation (KIC) will increase its allocation to alternatives to as much as 25%, up from 15%, but CIO Don Lee said there were no immediate plans to add managers in the secondary space, citing valuation challenges in the market.
FLAG Squadron Asia sees exodus of senior professionals - Update
David Pierce, a partner at FLAG Squadron Asia and formerly head of the Squadron Capital team that merged with FLAG Capital last year, has resigned from the firm. Jacob Chiu, another partner, has also handed in his notice.
City e-Solutions commits $25m in China property fund
CES Capital, a private equity arm of Hong Kong-listed City e-Solutions (CES), has committed $25 million to BEA Blue Sky Real Estate Fund, a vehicle operated by Bank of East Asia. The CES Capital contribution represents about half of the target fund size.
A taste of Europe: Asian investor objectives
Asian LPs have become part of the landscape of European private equity, pursuing opportunities across buyouts, secondaries, credit and distress. But what do they really want from the region?
Global investors to boost alternatives exposure – survey
Institutional investors expect to increase allocations to alternatives in 2013, with focus on real assets such as infrastructure and property, according to a survey by AMP Capital.
Cambridge Associates to offer discretionary services in Singapore
Cambridge Associates has received a license to offer discretionary portfolio management services via its Singapore affiliate. The group has been operating in Asia since 2001, offering independent research and advisory services to institutional investors....
LP interview: Hermes GPE's Saki Georgiadis
Two years since opening an office in Singapore, Saki Georgiadis, head of Asia for Hermes GPE, reflects on the benefits of having an on-the-ground presence in Asia
The case for an LP presence in Asia
Time zones are a thorn in the side of LPs seeking to be more than just passive capital providers and participate more fully in GP relationships. The reality for the North American contingent that still meets the bulk of Asian managers’ capital needs...
Korea’s National Pension Service appoints new chairman
South Korea’s National Pension Service (NPS) has appointed Kwang Choi, an economist who served as health and welfare minister in the late 1990s, as its chairman and CEO. He replaces Kwang-woo Jun, who stepped down last month.
China GP differentiation: Plain vanilla no more
Independent funds have dominated Chinese private equity, but now princeling and affiliate funds have entered the market, offering their own competitive edge. GPs are realizing the merits of differentiation
Internal tensions
Henpecked husband versus nagging wives - this was the description attached to the china GP-LP relationship in a recent paper. It makes one think of the times fund managers have remarked on getting phone calls from some of their, erm, keener fund-of-funds...
Korea Teachers Pension Fund appoints new CIO
Korea Teachers Pension Fund (KTPF) has named Park Min Ho as its new CIO, replacing Yun Kyu Lee who is leaving the group. Park was previously head of investment strategy at KTPF.
China’s SAFE sets up in New York, targets PE – report
China’s State Administration of Foreign Exchange (SAFE), which overseas $3.2 trillion in foreign currency reserves, is said to set up a New York operation to invest in private equity, real estate and other US assets. The move is seen as part of the...
IFC commits $20m to Armstrong's SE Asia cleantech fund
International Finance Corporation, the World Bank's investment arm, has committed $20 million to Singapore-based Armstrong Asset Management's Southeast Asia cleantech fund.
Structured solutions: GPs consider equity alternatives
Mainstream GPs in Asia are becoming more open to investments based on debt rather than equity, addressing entrepreneurs' reluctance to give up stakes in their businesses. How significant is the opportunity?
IFC considers $20m investment in Hosen’s China agri fund
International Finance Corporation (IFC) plans to invest up to $20 million in Hosen Capital’s New Hope Agriculture and Food Fund II, which launched last June and is targeting $180 million for investments in China’s agriculture sector. It is further...