Industry
NSR co-founder Rajat Gupta indicted for insider trading
Chairman and Co-Founder of New Silk Route (NSR) Rajat Gupta was indicted for insider trading by a US federal court on Wednesday. He is charged with one count of conspiracy and five counts of securities fraud.
Asia ex-Japan pension fund assets to reach $4t by 2015
Assets held by pension funds in Asia ex-Japan and Australia stood at $2.2 trillion at the end of last year and are set to reach $4 trillion by 2015, largely fueled by an expanding middle class.
KKR seeks $6b for second Asia buyout fund
KKR is targeting $6 billion for its second Asia buyout fund, coming as a host of global private equity firms prepare new regional vehicles.
Last chance to vote in the AVCJ Awards
We are now in the final stretch of our 2011 AVCJ Private Equity & Venture Capital Awards. These awards were launched 11 years ago with the specific aim of recognizing and rewarding excellence in the pan-Asia Pacific private equity and venture capital...
VIDEO: PE's top names on the key challenges in Asia
In the lead-up to 24th-annual AVCJ Forum 2011, held in Hong Kong November 7-11, AVCJ TV asks private equity’s top fund managers about the major challenges facing the industry.
Lone Star may be told to sell down KEB stake next month - report
South Korean regulators may order Lone Star to sell down its 51% stake in Korea Exchange Bank (KEB) to less than 10% next month. The move comes after the US private equity fund was found guilty of manipulating KEB’s stock price ahead of purchasing the...
Korea Post unit looks to invest in global secondary funds
Savings Bureau of Korea Post, one of South Korea’s largest state-controlled institutional investors, is looking to invest at least $30 million in a global secondary fund. It represents one of the savings bureau’s first forays into alternative investments...
MBK's CNS exit may be stalled - report
MBK Partners’ exit from Taiwanese media group China Network Systems (CNS) may again face delays, as regulators have called into question Want Want China Holdings’ intentions for the asset.
VIDEO: CNEI's Xiaoyang Yu
Xiaoyang Yu, founding partner of growth-focused China New Enterprise Investment (CNEI), says that crowding and a lack of transparency are among the key challenges facing the private equity industry in China. She insists that, when it comes to due diligence,...
Abraaj Capital targets Southeast Asian natural resources
Abraaj Capital plans to invest part of its latest $2 billion fund in Southeast Asian natural resources, with a particular focus on copper and tin mines in Indonesia as well as ancillary services tied to mining or agriculture.
Lilliput seeks out-of-court settlement with Bain, TPG
Lilliput Kidswear is seeking an out-of-court settlement with investors Bain Capital and TPG Capital, having taken legal action earlier this month to prevent the private equity firms from exiting the company in response to a corporate governance scandal....
Eaton Vance targets US loans through Australian fund
Eaton Vance Corp. aims to raise $1 billion in the next two to three years for an Australian fund targeting US leveraged loans. It will primarily look to secure capital commitments from Australian pension funds.
Voting opens for the 2011 AVCJ Awards
We are happy to announce the nominee shortlist for 2011 AVCJ Private Equity and Venture Capital Awards. Relying on submissions from across the PE community and the expertise of our select panel of industry judges, five nominees have been chosen in seven...
CalPERS to appoint CFO, place limits on staff departures
The California Public Employee Retirement System will introduce a CFO position and toughen the timelines for when board members and staff can move to certain other jobs. The provisions, aimed at improving accountability, are included in new legislation...
Blackstone announces 3Q loss on drop in valuations
The Blackstone Group posted a loss of $341.9 million in the third quarter compared with a $339.3 million profit a year earlier. The disappointing results came as the private equity firm saw an 11% drop in the value of its buyout holdings amid ongoing...
Hana denies asking Lone Start to cut KEB sale price
Hana Financial Group has denied reports that it had asked Lone Star to cut the $4.16 billion acquisition price for Korea Exchange Bank (KEB) by one fifth. It was claimed that the US private equity firm responded by threatening to walk away from the deal...
Milestone Capital approached with merger, buyout offers
Milestone Capital Advisors is considering a merger or buyout that has the potential to be the largest transaction ever seen in India’s private equity industry. It comes two months after Ved Prakash Arya, Milestone’s founder and CEO, died in a freak accident....
Q&A: Sanjiv Kapur of Wolfensohn India Advisors
Sanjiv Kapur, managing director of Wolfensohn India Advisors, explains how private equity firms can keep their investors and their investment professionals happy
EQT, TPG funds reflect Asia's PE power
Asia's growing significance in the private equity world was further confirmed in two separate fundraising events last week. First in Europe, where EQT Partners announced that Asia Pacific LPs were responsible for nearly one quarter of total commitments...
Northern Light eyes healthcare sector
Healthcare will be a stronger area of focus for Northern Light Venture Capital’s third US-dollar fund, which last week achieved a final close of $400 million.
China exits: How much longer can the pre-IPO party last?
Chinese private equity funds that were drawn into the market by high public exit valuations are being given pause for thought. It represents a tipping point for Shenzhen’s ChiNext and SME Boards
CDH invests in Chinese appliance maker Midea
CDH Investments has teamed up with an investment unit of ICBC International Holdings to buy a 15.3% stake in Midea Group, a leading Chinese household appliance manufacturer.
Towers Watson hires professionals from Squadron, Navis
Professional services provider Towers Watson has appointed Richard Tan and Agnes Lee as senior private markets consultants in Hong Kong. As part of the company’s private markets research team, they will focus on helping private equity firms and other...
Japanese industries see post-earthquake renewal - AVCJ Japan
Japan’s private equity industry is anticipating greater changes in the aftermath of the March 11 earthquake and tsunami.