Industry
Beijing Financial Assets Exchange allows PE funds to be listed
China has implemented a new policy that allows private equity fund positions to be traded on the Beijing Financial Assets Exchange (BFAE), according to the official announcement on its website.
Partners Group opens in Korea under Cho
Leading global private markets asset manager Partners Group has announced the opening of an office in Seoul, to be led by Alex Cho, Head of Korea and hitherto a Senior VP with the firm's Investment Solutions department.
LPs back on course
While private equity funding sources continue to diversify, traditional limited partners remain the sine qua non of how the asset class survives and thrives.
Picking the winners
“Active management works,” was the resounding message of the keynote address given by Steven Barnes, MD of Bain Capital at the AVCJ Forum.
Alvarez & Marsal appoints Jones and Stratton as Asia co-heads
Alvarez & Marsal, the New York-headquartered professional services firm appointed Thomas L.Jones, MD at the firm, and Oliver Stratton, former head of Bain & Co.’s Hong Kong office, as co-heads of the firm’s business in Asia, in the wake of increasing...
3i half-year results highlight Asia macro strength, but see little investment, divestment
3i Group's half-year results to Sept 30th 2010, just released, highlighted the contribution of Asian markets and companies to the UK listed private equity leader's gross portfolio return of 8.7% and a 3.8% return on opening shareholders' equity, but showed...
AIG seeks Nan Shan sale after Primus lapse: reports
US insurance giant American International Group (AIG) is looking to sell its Taiwanese arm Nan Shan Life over the next two months for around $2 billion, according to local reports.
Marks warns don't position for prosperity: AVCJ Forum
Howard Marks, Founding Partner at Oaktree Capital and one of the world’s foremost distressed investors, shared his views on global markets in his keynote speech opening the second day of the AVCJ Forum in Hong Kong, advising caution and noting that: “we...
Obama announces OPIC investment in South Asia Clean Energy Fund
During an official visit to India, US President Barack Obama announced a $100 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC) to the $300 million South Asia Clean Energy Fund, managed by the Global Environment...
Bonderman hails emerging markets at AVCJ Forum
David Bonderman, Founding Partner at TPG Capital, emphasized emerging markets opportunities in preference to Western ones in his opening keynote speech at the AVCJ Forum today: “When we look at the Top Ten IPOs of 2001, they were all in the West. If you...
GOME reaches understanding with Huang
The board of Bain Capital investee GOME Electrical Appliances Holdings Limited has announced an MOU with Shinning Crown Holdings, its largest shareholder group representing interests allied to jailed founder Huang Guangyu, whereby two new directors, including...
AVCJ Forum 2010 begins with LP, PE Leaders Summits
The 23rd Annual AVCJ Forum 2010, Asia’s Private Equity Week, kicked off in Hong Kong’s Four Seasons today.
GIP, QIC, ADIA pick up $2.3 billion Brisbane port franchise
Q Port Holdings, a consortium comprising US infrastructure firm Global Infrastructure Partners, Australia's Industry Funds Management, funds managed by the Queensland Investment Corporation (QIC), and Tawreed Investments Ltd., a wholly-owned subsidiary...
Hony Capital reportedly receives RMB3 billion from NSSF for second fund
Beijing-based Hony Capital, the leading PRC private equity firm, has secured RMB3 billion ($452 million) from the National Social Security Fund (NSSF) for its second RMB-denominated fund, which is expected to raise RMB 10 billion ($1.5 billion), according...
First Eastern launches UK China Fund endorsed by UK PM Cameron
First Eastern Investment Group (First Eastern), a pioneer of direct investment in China, has launched a $500 million UK China Fund, which will focus on providing capital to British companies, particularly SMEs to help expand their business and access...
Hopu reaches its end
Following earlier reports last month (soon denied) that Hopu Investment Management was to break up without seeking to raise a second fund, the $2.5 billion China-linked private equity and multi-strategy investment firm now indeed appears to be heading...
LPs see their money bloom?
As a momentous year for private equity draws to a close against a background of secular macroeconomic shifts in the global balance of power and lasting regulatory change for the industry, one group’s reactions to the GFC aftermath and expectations for...
The shape of the future?
As Asia Pacific private equity begins its biggest public event of the year, it also has seen the apparent eclipse of one of its stars.
TPG wins Firm of the Year, Bonderman receives Lifetime Achievement honor at 2010 AVCJ Awards
At the 10th AVCJ Asian Private Equity & Venture Capital Awards, presented this evening in an exclusive invitation-only ceremony in Hong Kong, a strong lineup was honored in a total of nine categories, with TPG Capital walking away with three Awards.
Morgan Stanley may exit CICC early next year
Morgan Stanley's tentative plan to offload its $1 billion stake in Chinese investment bank China International Capital Corp. (CICC) will be approved by China's securities regulator by February 2011, the official Shanghai Securities News reported earlier....
Infinity makes latest push in Tianjin with life science fund, accelerator
In its latest move, Infinity Group, the Israel-originated PRC-focused investor, has announced a new life sciences fund and business accelerator platform in Tianjin, collectively accounting for RMB220 million ($33 million).
Partners Capital to open in Hong Kong
Partners Capital, which describes itself as a private investment office serving endowments, foundations, HNW individuals and investment professionals across asset classes, is opening an office in Hong Kong, the company confirmed to AVCJ.
Canada's Cordiant Capital to raise $1 billion for infrastructure
Canadian emerging markets PE, debt and infrastructure investment firm Cordiant Capital is set to raise $1 billion for a new infrastructure fund in developing markets worldwide, according to reports.
CDC may resume direct investment strategy
UK development investor CDC has confirmed to AVCJ that it may resume direct investment and co-investment strategies alongside its current private equity fund of funds approaches, following comments by UK Secretary of State for International Development...