Industry
Carlyle to take on $5.1bn in credit assets
The Carlyle Group is once again expanding its mandate, this time into credit assets.
Schroders sells fund admin unit to JPMorgan
Schroders has agreed to sell its global private equity administration services business to JPMorgan for an undisclosed sum.
Kotak contemplates multiple exits
Kotak Investment Advisors is considering exits for up to five of its portfolio companies, including Bharat Fritz Werner, BVG India, Home Solutions Retail, Metahelix Life Sciences, and SIRO Clinpharm, according to Indian reports.
CP Eaton annouces RMB fundraising, recruits Gu
Placement agent CP Eaton Partners has announced the launch of a dedicated RMB fundraising effort for all current and future GP clients, engaging Eric Gu as VP to head the platform from its Shanghai office.
Oman fund invests $42 million in PetroVietnam Insurance
The Oman Investment Fund has invested $42.3 million in PetroVietnam Insurance Co.
OZ ACT Treasury hires Towers Watson
The Australian Capital Territory Department of Treasury (ACT) has retained advisory and consulting firm Towers Watson to advise it on investing its A$3.5 billion ($3.24 billion) asset pool into private equity and other asset classes.
Citi hires Paton for Oz
Citi has announced the appointment of Brett Paton, formerly Chairman for Capital Markets at UBS, as a Vice Chairman for its Institutional Clients Group in Australia and New Zealand.
Actis said launching $2 billion roads JV with Tata
UK emerging markets investor Actis Capital is launching a JV with Indian conglomerate Tata Group to invest up to $2 billion over five years in India's roads.
Candover may go to Canada LP Aimco
Troubled UK listed buyout group Candover Investments has confirmed that it has received approaches for a takeover of its business from $70 billion Canadian pension fund Alberta Investment Management Corp. (Aimco).
Private equity insights from Japan
At the eleventh annual AVCJ Private Equity & Venture Forum Japan in Tokyo, GPs and LPs gathered to give their views on the current state of the Japanese private equity market post the global financial crisis, and the consequences for both the local industry...
Han joins CVC from Honeywell
Allen Han, formerly a VP and GM with Honeywell in China and the US, has joined CVC Capital Partners as a Senior MD with the firm's Operations Team in Asia.
Industry Q&A: Norman Chen, Partner, Fidelity Asia Ventures
Chen talks to AVCJ’s Paul Mackintosh about opportunities for healthcare investments in China
Hopu, Temasek investee Iron Mining gets $250 million from China Life
Hopu Investment Management and Temasek Holdings investee Iron Mining International has secured a $250 million pre-IPO commitment from leading PRC insurer China Life.
SMBC recruits Palanca for regional finance
Japanese bank SMBC has recruited Jun Palanca, formerly head of leveraged finance for Bank of America Merrill Lynch, as Head of Structured Finance Syndicate for Asia Pacific ex-Japan.
Hoo moves from Hastings to Orrick
Respected private equity lawyer Maurice Hoo is moving from Paul, Hastings, Janofsky & Walker to Orrick, Herrington & Sutcliffe, to co-head Orrick's global private equity practice.
NPS may join on KEB
Korea's National Pension Service may participate in the acquisition of Korea Exchange Bank from Lone Star Funds, according to Korean reports.
The framework for green investing
While agreement on global emissions targets may be in abeyance, national policies and regulatory changes are spurring the development of renewable energy projects across Asia – and particularly in China – say international legal teams.
StepStone's Brem bound for Beijing
Monte Brem, founding CEO of advisory firm StepStone Group, is looking to roll out what he says is the hitherto imperfectly represented discretionary/advisory approach for asset allocation and LP support in Asia Pacific.
Bery claims $30.8 million from JPM
Varun Bery, and co-founder of TVG Capital Partners, and later co-head and MD of JPMorgan’s private equity investment arm in Asia Pacific, JPMorgan Private Capital Asia, is now suing the bank over $30.8 million.
Deal drivers across Asia Pacific
As three-figure deals on both the entry and exit side – and in the case of some secondary transactions, both – start to rack up across the region, 2010 is already looking like a bustling year for Asia Pacific.
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
Myo gets DBS backing for Asia distress
Myo Capital Advisers, the distressed debt/special situations investor, has announced a commitment of up to $150 million from DBS Group as a cornerstone investor in its first fund.
China Select gets Suzhou RMB OK
China Select Capital Partners Corp., a Toronto Venture Exchange-listed asset management and investment firm, has announced that it has received approval from the municipal government overseeing Suzhou Industrial Park to manage RMB funds in China.
IFC invests in CLSA green fund
The International Finance Corporation (IFC) has announced it will commit up to $25 million to CLSA Capital Partners’ Clean Resources Asia Growth Fund, a pan-regional fund targeting clean energy technology investments.