LPs
Japanese GPs still see opportunities
Private equity investors are thinking twice about trouble-hit Japan, but reports of its demise are greatly exaggerated
The benefits of making yourself heard
In a recent conversation with a prominent venture capitalist, I was asked about the value in speaking at an AVCJ event. For those of us in the company, it is almost a no-brainer.
CalPERS appoints new PE head
The California Public Employees' Retirement System (CalPERS), the largest US public pension fund, has appointed Real Desrochers to head its $49 billion private equity portfolio, the Los Angeles Times reported.
INCJ to hold majority stake in Toshiba, Sony LCD panel unit
The Innovative Network of Japan(INCJ), a government-run investment fund, will take a majority stake in Toshiba and Sony's consolidated LCD panels business.
Top PE firms target Asia at the expense of North America – study
The top 10 private equity firms globally have increased their focus on Asia over the past three years at the expense of North American investment, according to research by Preqin. These firms account for 18.6%, or $425.7 billion, or the $2.3 trillion...
Mitsubishi Corp. to launch PE fund of funds - report
Mitsubishi Corp., one of Japan’s top general trading companies, is set to launch a $200 million private equity fund of funds with capital additionally pledged from the Development Bank of Japan and Sumitomo Mitsui Banking Corp., the Nikkei reported.
Chongqing approves Infinity Group for QFLP program
Israeli-China focused private equity firm Infinity Group has reportedly been approved by the Chongqing municipal government for the Qualified Foreign Limited Partner (QFLP) program, enabling the firm to convert foreign currency into yuan for onshore investments....
China's opportunity for RMB fund of funds
There is an opportunity for RMB-focused fund of funds in China says a panel of GPs and LPs at the AVCJ Private Equity & Venture Forum China. According to Judy Ye, Director and Head of EMAlternatives Asia says that the composition of RMB capital in China...
Squadron launches $150m vehicle with Finnish pension fund
Global fund of funds manager Squadron Capital has launched the $150 million Keva Squadron Emerging Asia Fund I, fully funded by Squadron professionals and Finnish pension fund Keva. The vehicle will target SMEs in China, India and Southeast Asia, with...
ADB invests $60 million in cleantech funds
The Asian Development Bank (ADB) will launch three venture capital funds targeting investments into cleantech developments, committing $20 million apiece to Aloe Environment Fund III, Keytone Ventures II and VenturEast Life Fund III for total of $60 million....
Playing Asia's PE field
In a business where a small number of individuals make a big amount of impact, investors in Asian private equity are finding departures of senior dealmakers becoming more than a handful
Blackstone, Carlyle and DT Capital approved for QFLP pilot
Three private equity firms, Blackstone, the Carlyle Group and local representative DT Capital, have received approved from the Shanghai government for its Qualified Foreign Limited Partners (QFLP) scheme says a report by Reuters.
IFC considers $20m investing in Tsing Capital
International Finance Corporation (IFC), the investment arm of The World Bank, has proposed a $20 million add-on investment in Tsing Capital, which claims to be the first cleantech-focused venture capital firm in China.
BoaML PE team spins out
NewQuest Capital Partners to focus on direct secondaries in Asia via its $400 million fund
India's IFCI invests $56m in Gayatri Energy
Gayatri Energy Ventures has reportedly raised INR250 crore ($56.2 million) from the Industrial Finance Corporation of India (IFCI) through the issuance of compulsory convertible debentures, marking the largest-sized tranche ever invested by IFCI.
Korea looks to ramp up alternative investments
South Korea’s regulatory bureau is reviewing the country’s financial laws in an effort to scope out methods of augmenting Korea’s alternative investment landscape, through means including domestic private equity and hedge funds, according to Reuters....
Victoria stops investing in PE
Victoria Funds Management Corporation, which manages funds for the State of Victoria, Australia, has announced that it will stop investing into private equity and will, instead, focus on infrastructure investing. The once-prominent limited partner, which...
Announcing the AVCJ Private Equity & Venture Capital Awards China
2003 was probably one of the gloomiest years in recent memory for people in Asia. It was in that year that we launched our first annual AVCJ Private Equity & Venture Capital Awards at the suggestion of Walden’s Lip Bu Tan, who rightly proposed injecting...
Co-investments: Are GPs and LPs on the same page?
Private equity funds investing together with their limited partners have been on the rise recently with no signs of slowing down but what are the economics and the implications for the relationship?
Asia Pacific fund terms to fore in tough times
The latest Asia Pacific Private Equity Fund Terms Survey from independent fund of funds group Squadron Capital highlights a few shortcomings in regional funds’ adherence to the Institutional Limited Partners Association (ILPA) principles, increasingly...
NewQuest, backed by PE consortium, acquires BoaML Asia's non-real estate assets
A newly launched fund managed by NewQuest Capital Partners, backed by a consortium consisting of Paul Capital, HarbourVest Partners, LGT Capital Partners and Axiom Asia, has acquired “substantially all” of Bank of America Merrill Lynch’s (BoaML) non-real...
Asian funds set to maintain high management fees - Squadron
Despite the emerging status of Asia Pacific’s private equity market, the region’s largest funds charge more than those from the West when it comes to management fees, an annual survey conducted by Squadron Capital finds, and are unlikely to drop anytime...
VIDEO: PE experts discuss challenges in Oz
While Australia’s economic landscape has increasingly improved as the affects of the global financial crisis fade, some of the private equity and venture capital industry’s experts discuss the ongoing challenges they still face in Oz.
Squadron Capital boosts investor relations team
Hong Kong-based fund of funds Squadron Capital has bolstered its investor relations team with appointments that include Chau Ly as Director of Investor Relations & Business Development.