Industry
Tech, institutionalization drive change in Asia PE – AVCJ Forum
Asian investors must plan to negotiate a China-dominated deal landscape with increased attention to technology and institutionalization trends, according to industry participants at the AVCJ Forum.
LPs sharpen focus on active investment in Asia – AVCJ Forum
LPs must engage GPs more carefully as they become increasingly active players in Asia’s rapidly evolving private equity space, industry participants told the AVCJ Forum.
PE ownership presents opportunities, challenges for portfolio companies – AVCJ Forum
Private equity ownership can bring significant benefit to a portfolio company, but it can also be challenging for both the investor and the investee.
Active outreach key to middle-market fundraising – AVCJ Forum
Fund managers in Asia’s middle market must demonstrate excellent customer service to make themselves stand out to increasingly overstretched LPs, industry participants told the AVCJ Forum.
LPs demand integrated approach to ESG – AVCJ Forum
Private equity investors are focusing on policy implementation, team culture and transparency as environmental, social and governance (ESG) practices become an increasingly pervasive aspect of GP-LP negotiations.
Timeline: Three decades of Asia private equity
AVCJ was founded in 1987. Here are some landmark events from the industry's development since then
KKR wins firm of the year at AVCJ Awards
KKR was named firm of the year and won the large-cap fundraising prize at the 2017 AVCJ Private Equity & Venture Capital Awards. Yichen Zhang of CITIC Capital was honored as PE professional of the year while PAG Asia Capital and an MBK Partners and Goldman...
Asian GPs seek consistency in ESG initiatives - AVCJ Forum
The focus for private equity firms in Asia has shifted from putting in place environment, social and governance (ESG) policies to implementing these policies across portfolios consistently and in ways that allow their impact to be measured.
Private capital essential amid changing policy environments – AVCJ Forum
As governments worldwide examine their policy commitments to sustainable development, private investors can play a pivotal role in their strategies, industry participants told the AVCJ ESG Forum.
A significant birthday
Among the various events that have contributed to the development of private equity in Asia over the 30 years since AVCJ was established, three stand out as particular game changers
Q&A: Qiming Venture Partners' Gary Rieschel
Gary Rieschel, founding managing partner at Qiming Venture Partners, got his first taste of China VC while working for SoftBank in the 1990s. He recollected to AVCJ how the industry made its mark on a global scale
Asia buyouts: The big get bigger
Asia’s pan-regional buyout players are raising ever larger funds and pursuing ever larger deals. Is there now more capital in this segment of the market than places to – sensibly – put it?
Goldman, CIC form $5b Sino-US industrial fund
Goldman Sachs and China Investment Corporation (CIC) have launched a private equity fund that is seeking to raise $5 billion to invest in US companies. The initiative is part of efforts to strengthen trade relations between the two countries.
Fintech funds: Treasuries apart
Investment strategies targeted exclusively at the convergence of financial services and technology have become commonplace. As competition picks up, success will depend on adopting skills and a global view
Q&A: Brooklands Capital Strategies' Dan Carroll
Dan Carroll, a founding partner at Brooklands Capital Strategies, cut his teeth with H&Q Asia Pacific and then helped build Newbridge Capital. He told AVCJ how private equity forced its way into the mainstream
Healthcare funds: Repeat prescription
An assortment of healthcare-focused GPs – most of them in China – have emerged to leverage rising domestic consumption and nascent medical innovation. Does domain expertise mean better deal access?
Private debt: Feet on the ground
Investors see growing opportunity in Asian credit, but the region has proven difficult for foreign managers to address. Local expertise, particularly in emerging markets, can unlock the best returns
Q&A: HarbourVest Partners' Brooks Zug
Brooks Zug, founder and senior managing director at HarbourVest Partners, was among the first institutional LPs to invest in Asian private equity. He spoke to AVCJ about the evolution of the industry
China's Phoenix Travel gets $105m Series C
Phoenix Travel Group, a China-based travel services provider, has raised a RMB700 million ($105 million) Series C round led by CITIC Capital, Haier Capital, Legend Holdings and Legend Capital.
GA hires ex-Actis Asia IR head to spur capital partnering
General Atlantic (GA) has hired Pamela Fang, formerly head of Actis' investor development group in Asia, as a managing director to lead its capital partnering efforts in Asia.
Global buyout firms: Change at the top
Succession planning initiatives at the leading global buyout firms reflect the increasing diversification of these platforms - and that the personality-types so instrumental in their creation probably won't be seen again
Standard Chartered Private Equity revives spin-out plan
Standard Chartered Private Equity (SCPE) has relaunched an effort – which failed to get traction with the bank last year – to spin-out its team and the remaining $1 billion in PE assets on its balance sheet into an independent entity.
Fund focus: HighLight's early-stage prescription
HighLight Capital has secured $250 million for its second China healthcare-focused fund, suggesting that proven sector specialists are getting traction with institutional LPs
Asian LPs and infrastructure: Rousing the giants
Infrastructure is shedding its reputation for being a sleepy sector as Asian investors join a global surge of interest in the asset class. Strategic angling for the best deals will now require a more nimble approach