LPs
ILPA updates Private Equity Principles
The Institutional Limited Partners Association (ILPA) has released an updated version of its Private Equity Principles and the first of its five recommended Standardized Reporting Templates that aims to drive best practices and support long-term partnerships...
A glimpse into the future
With 2011 upon us, industry players offer thoughts on the major themes for the year ahead, and for the first time in years, the forecast is largely for blue skies and sunshine.
Blackstone caps Shanghai Jinfeng interest in RMB fund
The Blackstone Group may raise not more than RMB 300 million ($45.3 million) from Shanghai Jinfeng Investment Co., Ltd. for its RMB denominated fund.
China Development Bank to launch fund of funds
Government-owned China Development Bank is set to take on the role of limited partner, launching China's first fund of funds worth a reported RMB60 billion ($9 billion).
Shenzhen's Citic Security boosts capital allocation in PE
Citic Securities Co., China's largest brokerage by assets, is set to invest RMB755 million ($114 million) into Citic Private Equity Funds Management Co., the investment arm of CITIC Securities, and RMB200 million ($30 million) into Citics Futures Co.,...
Survey finds alternatives fund fees down
Mercer's 2010 Asset Manager Fee Survey released December 15 found that fees for hedge fund, private equity, infrastructure and real estate have all decreased year-on-year. This parallels the sentiment expressed by industry players and topics at AVCJ conferences,...
ADIA, CIC, GIC, OTPP invest BTG Pactual
Brazilian investment bank BTG Pactual has received $1.8 billion from an investment consortium led by the Abu Dhabi Investment Council, the China Investment Corporation, the Government of Singapore Investment Corporation, Canadian pension fund Ontario...
India and the China Factor
While China and India are very different markets, what they do have in common is their competition for LP investment dollars by funds with a regional mandate.
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
VicSuper reduces private equity allocations
Australian superannuation fund VicSuper has announced a reduction in its allocation to private equity as the result of changes in its strategic asset allocation.
Oz Supers lead merger trend
In what is likely to be the first of a series of mergers between Australian superannuation funds, First State Super and Health Super have announced plans to merge, creating a combined entity with some A$28 billion ($27.5 billion) under management and...
H&Q Korea completes divestment of NPS-sponsored Fund I
H&Q Korea has completed the full divestment of its first domestic Korean fund, the H&Q NPS Private Equity Fund I (PEF I), which closed in October 2005 at KRW300 billion ($293 million), with the sale of its last portfolio company, KSNET, a leading payments...
Deutsche Bank invests Japan Industrial Solutions fund
Deutsche Bank in Tokyo has announced its commitment to invest in a business revitalization fund to be initiated by Japan Industrial Solutions Co., Ltd. (JIS), established by the Development Bank of Japan (DBJ), Sumitomo Mitsui Banking Corporation (SMBC),...
Wilshire Private Markets appoints Gary Gabriel from Future Fund as Managing Director for Asia Pacific
Wilshire Associates private equity division Wilshire Private Markets has appointed Gary Gabriel, formerly Head of Private Markets at Australia's Future Fund, as MD, responsible for the Asia Pacific region and for heading up its Canberra office.
ADB to invest $20 million in AmInvestment's Asia Water Fund
The Asian Development Bank (ADB) has announced that it will be committing $20 million to the Asia Water Fund, a vehicle backed by AmInvestment Group of Malaysia targeting investments into water and wastewater assets in mainland China and Southeast Asia....
First State Super, Health Super to create one of Australia's top five superannuation funds through merger
Australian superannuation funds First State Super and Health Super have announced their intention to merge, creating a combined entity with some A$28 billion ($27.5 billion) under management and 750,000 contributing members.
Broad sunlit uplands?
The annual Asian gathering of all the best and brightest in the region’s private equity concluded with an upbeat mood that few would have predicted the same time a year ago.
Beijing Financial Assets Exchange allows PE funds to be listed
China has implemented a new policy that allows private equity fund positions to be traded on the Beijing Financial Assets Exchange (BFAE), according to the official announcement on its website.
Partners Group opens in Korea under Cho
Leading global private markets asset manager Partners Group has announced the opening of an office in Seoul, to be led by Alex Cho, Head of Korea and hitherto a Senior VP with the firm's Investment Solutions department.
LPs back on course
While private equity funding sources continue to diversify, traditional limited partners remain the sine qua non of how the asset class survives and thrives.
GIP, QIC, ADIA pick up $2.3 billion Brisbane port franchise
Q Port Holdings, a consortium comprising US infrastructure firm Global Infrastructure Partners, Australia's Industry Funds Management, funds managed by the Queensland Investment Corporation (QIC), and Tawreed Investments Ltd., a wholly-owned subsidiary...
LPs see their money bloom?
As a momentous year for private equity draws to a close against a background of secular macroeconomic shifts in the global balance of power and lasting regulatory change for the industry, one group’s reactions to the GFC aftermath and expectations for...
Partners Capital to open in Hong Kong
Partners Capital, which describes itself as a private investment office serving endowments, foundations, HNW individuals and investment professionals across asset classes, is opening an office in Hong Kong, the company confirmed to AVCJ.
CDC may resume direct investment strategy
UK development investor CDC has confirmed to AVCJ that it may resume direct investment and co-investment strategies alongside its current private equity fund of funds approaches, following comments by UK Secretary of State for International Development...