LPs
CIC appoints John Mack and Joseph Yam to board
The China Investment Corporation (CIC), the PRC's flagship sovereign wealth fund, has welcomed two new members onto its international advisory council: John Mack, Chairman of Morgan Stanley, who stepped down from his CEO position in January this year...
Hamilton Lane recruits Chan for Hong Kong
US private equity asset management and advisory firm Hamilton Lane has recruited Jackson Chan, formerly Head of Sales and Marketing for Non-Japan Asia at Ramius Capital, as a VP and head of business development for Asia, operating from its newly established...
CPPIB launches $3.05 billion bid for Australia's Intoll Group
The Canada Pension Plan Investment Board (CPPIB) has launched an A$3.4 billion ($3.05 billion) takeover bid for Australian road toll operator Intoll Group – a cash offer that comes at a 38% premium over the target's latest closing price.
Temasek explains, may expand SeaTown role
As part of the release of its annual report, Singapore SWF Temasek Holdings has publicized further details of its new semi-autonomous investment arm SeaTown Holdings, reported as registered in February this year, and may expand the S$4 billion ($2.9 billion)...
Morgan Stanley private equity supremo Trevor leaves
Stephen Trevor, co-head of Morgan Stanley Investment Management and hired in 2006 to head up the new private equity business within the division, is stepping down alongside co-head Stuart Bohart.
Industry Q&A: Glenn Hubbard
AVCJ spoke to Glenn Hubbard, Dean of the Columbia Business School and former Chairman of the Council of Economic Advisers to George W. Bush, about current US attitudes toward private equity investment in Asia.
GATE says rolling out in Southeast Asia
GATE Technologies, a NYC-headquartered firm seeking to establish a series of online GATE Developing Marketplaces in illiquid securities and alternative assets, including private equity fund positions, has said that it "is in discussions with a Singapore-based...
Temasek annual report shows rebound
Singapore SWF Temasek Holdings' portfolio rebounded to S$186 billion ($134.4 billion) by the financial year ending March 31st 2010 - a figure that is slightly above 2008's S$185 billion ($133.7 billion), and well above 2009's S$130 billion ($94 billion),...
CIC-AES JV out of wind
PRC SWF the China Investment Corporation (CIC) has jointly announced with $14 billion Virginia-headquartered global power giant AES Corp. that their non-binding letter of intent for CIC to take a 35% stake in AES Wind Generation expired at the end of...
Secondaries show Asia's maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
CIC may drop bank stability mandate
The China Investment Corporation (CIC), the PRC's $298 billion sovereign wealth fund, may relinquish its position as holding company for China's stake majority positions in its leading banks and other financial institutions, and guarantor of financial...
Japan: Spring after a long winter?
After a long winter, private equity activity in Japan is slowly but surely showing signs of recovery. In particular, mid-cap acquisitions by private equity players are reviving deal flow.
Private equity dodges US regulatory bullets?
A couple of much-anticipated US regulatory developments for private equity that were definitely calculated to affect the industry in Asia Pacific, and indeed, worldwide, appear to either have closed, or be on the point of closing, with relatively positive...
Zhou joins LGT in Hong Kong
LGT Capital Partners has recruited Brooke Zhou as an Associate Vice President in its private equity investment team, based in Hong Kong, where she will focus on primary and secondary fund investments, as well as co-investments.
KIC seeks diversity, targets PE
Chin Young Wook, CEO of the Korea Investment Corporation (KIC), Korea's $30 billion sovereign wealth fund, has said publicly that the SWF will seek greater investment in private equity and real estate, as well as contemplating direct investments through...
Adams Street recruits Soo from GIC SI
Leading fund of funds and private equity investment management group Adams Street Partners has recruited Yar-Ping Soo, previously Head of Asia/Emerging Markets at Singapore's GIC Special Investments (GIC SI), as Partner with its investment team.
AgBank announces IPO prices in Hong Kong
Ahead of its intended IPO later this year, the Agricultural Bank of China (AgBank) announced that it looks to sell 25.4 billion of its shares in Hong Kong for HK$2.88-3.48 ($0.37-0.45) apiece in hopes of raising $13 billion in the SAR.
LP t&c issues as power balance shifts
The debate over the impact of the GFC on the balance of power between GPs and LPs has focused much on whether any power shift is real, or just cosmetic.
CIC's Yingru Li joins China Asean Fund
Yingru Li, previously MD in charge of private equity fund investments and co-investments at PRC SWF the China Investment Corp. (CIC), has been appointed co-Chief Investment Officer of the China Asean Fund, a $1 billion infrastructure-focused vehicle supported...
Capital Dynamics launches Oz-led cleantech platform
Switzerland-headquartered private equity asset management firm Capital Dynamics is launching a cleantech direct investment initiative, to be led initially from Brisbane in Australia, the base for David Scaysbrook, newly appointed MD in the Clean Energy...
KIC allots $200 million for Chesapeake
South Korean SWF the Korea Investment Corporation (KIC) has said that it will invest $200 million as part of its participation in the $900 million stock issue by heavily indebted US natural gas and energy company Chesapeake Energy.
Korea's NPS to boost exposure in alternatives
South Korea's National Pension Service, the world’s fifth largest sovereign wealth fund, said it plans to boost its equity and alternative investment holdings.
Coller Barometer shows slumping returns, soaring Asia
The latest edition of the Coller Capital Global Private Equity Barometer, polling 110 LPs worldwide, found respondents registering the full aftermath of the GFC, with the lifetime returns on their portfolios falling dramatically.
Asia Pacific: No longer far away
Despite predictions by some forward-looking industry figures that China may move ahead to supplant the US within a couple of generations as the world’s biggest private equity market, the US remains the fulcrum of global private equity.