LPs
Wang steps down from DB
Pying-Huan Wang, formerly a director at Deutsche Bank where she was leading investment management with oversight of the bank's PEG Group in Switzerland, has now quit the firm, with her future plans apparently including further asset management work in...
FLAG planted in Hong Kong
Stamford, Conn.-headquartered fund of funds FLAG Capital Management is opening a new office in Hong Kong - its first presence outside the US - to cover the Asia Pacific region.
Funds of funds build LP returns
Asia Pacific has always possessed the kind of environment that in theory is well tailored for the fund of funds model.
DBJ's mezzanine financing supports K Tech's MBO
The Development Bank of Japan (DBJ) has thrown its support behind the management of K Technology Corporation in its endeavor to launch an MBO - a move that would see Japanese PE firm Risa Partners part ways with its asset.
Shanghai Minfu forms PRC/Taiwan/Japan billion fund
Shanghai Minfu Equity Investment Management Co., a JV founded by Shanghai International Group Asset Management, a Shanghai city government-related financial institution, Uni-President Group, Taiwan’s largest food manufacturing and logistics company, and...
China's new investment policy opens PE to insurers
China’s Insurance Regulatory Commission (CIRC) has announced a temporary measure on the use of insurance capital which will allow insurance companies to make direct investment in private companies, as well as private equity funds, for the first time....
CPPIB Intoll deal rolling for $3.01 billion
Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group for its A$3.4 billion ($3.01 billion) privatization offer, a 2.5% increase on its original bid price in mid-July....
Adveq's Wong leaves in Beijing
Darren Wong, MD of the Beijing office of leading Swiss-headquartered fund-of-funds Adveq Management, has left the firm, with Nils Rode, MD and Co-Head of Adveq's overall investment management practice, assuming management of Adveq's Asian funds business....
NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
CPPIB Intoll discussions ongoing
Canada Pension Plan Investment Board is still in discussion with Australian ASX-listed toll road player Intoll Group over its $3.44 billion privatization offer, according to a statement from the target.
Equipsuper's Strachan to also manage Vision Super before merger
Chief Investment Officer of Australian superfund Equipsuper Michael Strachan is set to extend his leadership role to Vision Super, also a Victoria-based superfund, that will be merged with Equipsuper beginning in November, according to reports.
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million....
Taiwan studies SWF plan
The Taiwanese government has set up a consultation process on plans for a potential sovereign wealth fund to manage some of the island economy's substantial state holdings, according to reports.
Partners Group gets $100 million KIC real estate mandate
Korea Investment Corporation, the SWF that manages some $27 billion of assets for the Korean government and the Bank of Korea, has mandated around $100 million to Swiss-based private equity firm Partners Group to seek investment opportunities in the private...
Limited Partner Q&A: International Finance Corporation
AVCJ’s Brian McLeod talks to David Wilton, CIO of the Private Equity and Investment Funds Department at the International Finance Corporation, the private finance arm of the World Bank
Khazanah wins Parkway
Malaysian SWF Khazanah Nasional has reportedly won the battle with Fortis Healthcare for control of Singapore hospital asset Parkway Holdings, after the latter opted to sell its entire 25.37% stake to Khazanah, as the SWF launched a $2.56 billion general...
Korea's IBK plans to launch SME-focused fund
The Industrial Bank of Korea, a South Korean government-owned lender, plans to form a private equity fund intended to help restructure local SMEs, with its launch slated for the second half of this year.
BofA secondaries may go to Asia
Bank of America Corp. is seeking to sell up to $1.2 billion of secondary positions in Warburg Pincus funds, with the China Investment Corporation (CIC) cited as one of the most likely buyers, according to reports.
CPPIB on the road again in Oz with Intoll
The Canada Pension Plan Investment Board (CPPIB) has returned to its pursuit of Australia-headquartered toll road groups with an A$3.4 billion ($3.05 billion) privatization proposal for Australian road toll operator Intoll Group – a cash offer at a 38%...
Greene launches Diamond Dragon for Asia placement first
Asia Pacific placement veteran Edward Greene is launching Diamond Dragon Advisors, Asia’s first locally headquartered private equity placement agent and advisory firm with a global reach, with offices in Hong Kong and Shanghai, and soon to open in Sydney,...
Temasek expects to issue $1.07 billion of sterling bonds
Temasek Holdings, the Singaporean SWF, expects to sell its first sterling-denominated bonds for $1.07 billion equivalent of debt, in a mixture of 12-year and 30-year paper.
Emerald Hill celebrates 5th anniversary with $300 million close
Independent Asia Pacific fund of funds Emerald Hill Capital Partners has announced the final close of its second fund, Emerald Hill Capital Partners II, LP, achieving its intended target of $300 million, coinciding with the firm’s fifth anniversary.
Temasek to invest RMB2 billion in China IT real estate project
Temasek Holdings is to inject RMB2 billion ($295 million) into a real estate project in Guangzhou in southern China, through its subsidiary Singbridge International, in partnership with Guangzhou municipal government and with an investment ratio of 50:50....
Pantheon drops out of CIC secondaries mandate
Pantheon Ventures, the UK-headquartered fund-of-funds and investment management group, has declined to follow through on a mandate to manage $500 million of secondaries-focused separate accounts on behalf of the China Investment Corporation (CIC).