Industry
The fundraising success story
Baring Private Equity Asia ended a global slump on fundraising when it closed its fifth fund on $2.46 billion, 60% more than its predecessor, in less than six months. AVCJ speaks with the Managing Partner on the renewed institutional interest in Asian...
China QFLP program to extend to Beijing
Months after PRC regulators approved a pilot scheme that allows overseas LPs to exchange their currencies into RMB to invest in Shanghai-incorporated private equity funds, authorities are set to extend the rule to Beijing.
Everstone set to close $550m fund
Indian PE firm Everstone Capital Partners is set to close its second fund at its planned $550 million corpus despite an influx of investor interest that has led to the vehicle’s oversubscription, an investor close to the vehicle confirmed to AVCJ.
The sector specialists
Middle market deals have been a sweet spot in for PE firms in Asia, but competition in is also intense in the U.S. Sector-specific knowledge could be the key to success, as AVCJ finds out from Tony de Nicola, Co-President of Welsh, Carson, Anderson &...
Opportunity knocks, but cautiously so
Twelve months ago, it was all sunshine and roses in Australia. The market has since rationalized and it seems GPs are still remarkably positive, while on the LP side, there are question marks around the market dynamics down under.
Super funds and private equity
Historically, Aussie superannuation funds have been fairly consistent in the way they manage private equity programs, which is also why talk about pulling back from the asset class is making waves.
(In)famous in Australia: Tax
Foreign investors as LPs and GPs in the Australian private equity industry remain anxious the Australian Tax Office’s recent reversal of years of precedent with two taxation determinations relating to investments in Australian assets by foreign investors....
Kaizen a rising star in Indian PE
One year after AVCJ predicted that education-opportunities group Kaizen Management Advisors “seems poised to lead investment in this sector in India,” the firm has made strides to keep its title, enlisting the likes of India’s Housing Development Finance...
Hopu's Ong to raise $2b solo fund
Richard Ong, one of the founding partners of Hopu Investment Management Co., a successful China’s buyout firm, is said to be leaving the firm to set up his own fund, which plans to raise $2 billion, according to reports first published by the Wall Street...
HDFC takes stake, LP role in Kaizen
India’s Housing Development Finance Corp. (HDFC) has acquired a minority stake in education-opportunities group Kaizen Management Advisors Ltd., pledging an undisclosed amount of capital as an LP into Kaizen Private Equity’s new vehicle.
Mizuho to invest in Tata fund
Japanese banking giant Mizuho Financial Group is reportedly set to inject capital into a fund managed by India’s Tata Group, Reuters reported, citing sources close to the deal.
SEBI delays Milestone Capital's listing - reports
Milestone Capital Advisors' intended IPO has reportedly been delayed for eight months following the Securities and Exchange Board of India's (Sebi) ruling that the move may be too risky to smaller investors, India’s LiveMint reported.
India focused Edelweiss Special Opportunities Fund closed at $230 million
Edelweiss Alternate Asset Advisors, the alternative asset arm of Edelweiss Capital in Switzerland, has closed the $230 million Edelweiss Special Opportunities Fund, according to local media reports. The fund will focus solely on India.
Sri Lanka imposes year-long share-holding period
Sri Lankan authorities have mandated that private equity firms adhere to a year-long binding period that prevents them from selling shares of companies recently listed on the Colombo Stock Exchange.
Oaktree Capital winds down global distressed fund
As global investor Oaktree Capital’s nearly $11 billion distressed opportunity fund enters its liquidation phase, a source close to the firm says Oaktree may not see another such vehicle of this size for a while, due to the changing landscape for distressed...
China may approve PE units for brokerage firms
The asset management divisions of some brokerage firms in China may be granted the right to launch their own private equity funds, Reuters reported, noting that such a move may boost growing PRC banks’ status to those of the major global investment institutions...
Carlyle-, Partners-backed China Forestry under investigation
The CEO of the Carlyle- and Partners Group-backed company China Forestry Li Han Chun has had $51 million worth of assets frozen after the Hong Kong Securities and Futures Commission uncovered potential auditing irregularities leading to the suspension...
Fortress considers fund for PRC senior citizen housing
Alternative assets manager Fortress Investment Group is considering raising $1 billion for a vehicle that would focus on housing investments for China’s elderly citizens, according to the Financial Times.
VIDEO: Adams Street Partner's T. Bondurant French
'Bon' French, CEO of Adams Street Partners, discusses Asia's role in the global LP's allocation strategy, and why his opinion on megafund investing has changed.
Investing without rose-tinted glasses
The CEO of global LP Adams Street Partners T. Bondurant French sits down with AVCJ to discuss allocation strategies, the PE industry’s challenges and how his wariness of global mega funds paid off post-crisis.
Susan Flynn rejoins Coller
A newly updated ‘Team’ page on the Coller Capital website served as a public announcement that Susan Flynn has rejoined Coller Capital as a Partner responsible for investor relations. She spent the last four years as CEO of Hermes Private Equity, where...
Enam India Infrastructure fund approved for FDI
Enam India Infrastructure Fund, a Mauritius-registered fund, has reportedly received approval to take foreign direct investment of 3,450 crore ($755 million) from The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Manmohan Singh,...
Baring Private Equity Asia closes $2.4 billion fund
Hong Kong-based private equity firm Baring Private Equity Asia has closed its fifth fund at $2.46 billion - 60% larger than its previous fund that closed at $1.52 billion in February 2008.
Carlyle buys AlpInvest, becomes LP
ALPINVEST, THE NETHERLANDS-BASED fund-of-funds, has been acquired by the Carlyle Group, which simultaneously makes its foray onto the LP side of the private equity industry.