Industry

WSGR hires PE-focused partner in Shanghai

Wilson Sonsini Goodrich & Rosati (WSGR), the US-based law firm specializing in technology and life sciences, has hired Zhan Chen as a partner in Shanghai. Her practice focuses on private equity, privatizations and M&A.

co-investment
Direct investment: Silent partners?

Limited partners are attracted by the low costs and potentially high returns of direct investment opportunities in Asia. Those with a finger on the market’s pulse are likely to prevail, provided they don’t get too greedy

  • LPs
The listening regulator

To ask an Indian private equity professional what he thinks of domestic regulators is to invite a torrent of feedback, most of it critical. “They don’t understand the industry… They don’t listen to what we have to say… They are incompetent…”...

India PE fund invests in bookadda.com

T.V. Mohandas Pai, the former Infosys director, and his partner Ranjan Pai have invested in Indian online book retailer bookadda.com through their $100 million private equity fund.

Indian regulator finalizes PE oversight measures

The Securities and Exchange Board of India (SEBI) has released a final version of regulations intended to tighten its control over the private equity industry. The new rules governing alternative investment funds (AIFs) replace the venture capital funds...

Former STIC executive becomes CIO at KIC

Don Lee Dong-ik, former head of investments at PE firm STIC Investments, has been named CIO of Korea Investment Corp. (KIC), the country’s sovereign wealth fund. The first Korean national to get the job, Lee told AVCJ that the appointment is a huge...

Oaktree files for $595m IPO

Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.

Silver Lake to reduce fees for fund IV

Tech-focused private equity firm Silver Lake is planning to cut the fees it will charge big-ticket LPs as it attempts to raise as much as $10 billion for its next buyout vehicle.

Blackstone closes second global mezzanine fund at $4b

The Blackstone Group has raised $4 billion for its second global mezzanine fund, making the vehicle twice the size of its predecessor. The fund has already deployed or committed $780 million to four companies, including Japan’s Sony Corp, which required...

PE firms wary of India’s proposed tax law changes

Foreign private equity investors remain concerned about perceived ambiguities in India’s proposed anti-avoidance legislation, which impacts the tax treatment of offshore structures used to channel capital into the country. The legislation forms part...

NSSF: Still room to increase PE investments

China's National Council for Social Security Fund (NSSF) has the capacity to boost its commitments to private equity considerably, having put only 2.2% of its capital into the asset class, according to Wang Zhongmin, the fund's vice chairman.