LPs
VIDEO: PE's top names on the key challenges in Asia
In the lead-up to 24th-annual AVCJ Forum 2011, held in Hong Kong November 7-11, AVCJ TV asks private equity’s top fund managers about the major challenges facing the industry.
Korea Post unit looks to invest in global secondary funds
Savings Bureau of Korea Post, one of South Korea’s largest state-controlled institutional investors, is looking to invest at least $30 million in a global secondary fund. It represents one of the savings bureau’s first forays into alternative investments...
CalPERS to appoint CFO, place limits on staff departures
The California Public Employee Retirement System will introduce a CFO position and toughen the timelines for when board members and staff can move to certain other jobs. The provisions, aimed at improving accountability, are included in new legislation...
EQT, TPG funds reflect Asia's PE power
Asia's growing significance in the private equity world was further confirmed in two separate fundraising events last week. First in Europe, where EQT Partners announced that Asia Pacific LPs were responsible for nearly one quarter of total commitments...
WL Ross struggles to raise new fund
WL Ross & Co. has cut its target for its latest fund to $2-2.5 billion, having raised little more than one tenth of the $4 billion it set out to attract last year, The Wall Street Journal reported, citing people familiar with the situation.
Asia Pacific LPs put up nearly 25% of EQT's $6.5b fund
EQT Partners has raised EUR4.75 billion ($6.5 billion) for its sixth European buyout fund, with Asia Pacific LPs accounting for 23% of commitments, up from just 5% in the firm’s previous vehicle. According to people familiar with the situation, Chinese...
Launching the AVCJ PE Week website…
Optimism is once again in the air as the markets continue to recover and the private equity world gets ready to converge in Asia for the AVCJ Private Equity & Venture Forum. Now in its 24th year, the conference has become an ecosystem in itself and will...
Japanese LPs: Conservative investors
With Japanese LPs still wary of private equity investing amidst ongoing global economic uncertainty, GPs find it difficult to secure commitments
Countdown to the AVCJ Forum
In just over a month, we will be holding our 24th Annual AVCJ Private Equity & Venture Forum in Hong Kong. As in the past, AVCJ’s annual event has attracted the biggest and most influential names in the private equity industry including such leaders as...
Partners Capital opens in Hong Kong
Partners Capital, a private investment office with more than $7 billion of assets under management, has opened a branch in Hong Kong, its first in Asia Pacific.
Asia LPs are raising PE allocations, says Warburg Pincus' Landy
Joseph Landy, co-president of Warburg Pincus, said that limited partners in Asia are maintaining or increasing their allocations to private equity on a percentage basis, despite the global economic downturn.
Q&A: Charles Eaton & David Love of Eaton Partners
Over the last 28 years, independent placement agent Eaton Partners has helped 70 funds raise around $35 billion. Founder Charles Eaton (pictured) and David Love, head of Asia and head of global distribution, reflect on a changing market
Submit your nominations for the 2011 AVCJ Awards
Diligent readers will recall that we’ve first announced in the August 30 issue of AVCJ that nominations for our 2011 AVCJ Asian Private Equity & Venture Capital Awards are open – to readers as well as the rest of the private equity industry.
Trustbridge receives $30m from Arizona pension fund
Trustbridge Partners has received a $30 million commitment for its fourth fund from the Arizona Public Safety Personnel Retirement System. An India sidecar fund on JPMorgan’s Asian Infrastructure & Related Resources Opportunity (AIRRO) Fund will get $25...
AXA tipped to sell private equity unit for around $670m
French insurer AXA has put its private equity unit up for sale in order to focus on its core insurance business.
Russia's SWF assembles core management team
The Russia Direct Investment Fund (RDIF) has assembled its core management team with the appointment of five directors, a legal counsel and an adviser.
Abu Dhabi Investment Authority to boost PE exposure
The Abu Dhabi Investment Authority (ADIA) is scaling up its private equity activities with a view to doubling its headcount in this area, The Al Arabiya News reported, citing sources familiar with the situation. The sovereign wealth fund currently has...
Asia Pacific SWFs, public pension funds hold 25% of global AUM
Asia Pacific sovereign wealth funds and public sector pension funds now account for $3.2 trillion in assets under management, 25% of the global total.
Permira's top LP SVG Capital sees 25% rise in asset value
UK-based Permira Advisers’ most prominent LP SVG Capital has announced a 25% increase in its assets’ value in the first half of 2011. This was largely attributed to strong performances by Permira portfolio companies including Galaxy Entertainment Group...
Korea Teachers Pension Fund to invest $50m in local PE, VC
The Korea Teachers Pension Fund (KTPF) reportedly plans to invest KRW54 billion ($50.7 million) in 3-5 domestic venture capital and private equity firms in September.
Investors demand greater transparency from GPs - survey
Institutional investors are increasingly turning to private equity for returns, but they expect greater transparency from GPs. According to a survey report released by SEI in collaboration with Greenwich Associates, fund management need to demonstrate...
China, India lead global emerging markets for PE activity
India and China accounted for 54% of private equity transactions completed in emerging countries in the first half of 2011, according to a report by the Emerging Market Private Equity Association.
Should private equity investors trust IRR?
Since the early days of private equity, the internal rate of return (IRR) has served as the industry’s prime metric. It is perhaps best known as the gauge which underpins fund managers’ claims that they deliver better returns than the public equity markets....
PE and the debt crisis: Coping with chaos
Private equity investors, accustomed to 5-7 year horizons, shouldn’t be overly concerned by short-term fluctuations in the public markets. It is a reassuring boilerplate statement, but given the volatility of the last fortnight, perhaps it is easier said...