Industry
Industry Q&A: Stephen Greer, Oaktree Capital
Stephen Greer, former founding CEO of Hartwell Pacific and now Senior Advisor to Oaktree Capital, talks to AVCJ’s Paul Mackintosh
Asian buyers are back
Leading private equity investors are probably breathing sighs of relief as their exit options appear to be reopening, particularly in Southeast Asia.
ADIA Review reveals views, not value
Leading Middle East SWF the Abu Dhabi Investment Authority (ADIA) has released its first ever Annual Review, of its operations for 2009, giving a clear view of its dispositions and its priorities as it takes a view on particular investment areas and asset...
Fundraising: Coming back slowly
AVCJ’s latest soundings from the industry indicate that fundraising, long cited as the third shoe waiting to drop [sic.] as investments and exits regionwide recover post the GFC, may not be reviving as robustly as some had hoped.
Hopu as advisor in CNOOC Bridas deal
Leading private equity and multi-strategy investor Hopu Investment Management has reportedly been retained in its first advisory mandate: supporting Bridas Energy Holdings of Argentina in a $3.1 billion JV with China's China National Offshore Oil Corp....
Aditya Birla approaches final close
New Indian GP Aditya Birla Capital Advisors is reportedly about to announce the final close of its Fund I at around Rs800 crore ($176 million).
EU still not agreed on alternatives funds
European Union representatives from the 27 member states have reportedly failed to reach a deal in the latest push for consensus on regulation of alternative investment vehicles, including hedge funds and private equity.
Wilshire fundraising hit as Ennis resigns
Fund-of-funds Wilshire Private Markets has reportedly delayed its latest fundraising following the resignation of Jeffrey Ennis, its CIO and the latest senior executive to quit the firm within a year.
Hu leaves Goldman for own fund
Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is reportedly following a recent trend by quitting the star investment bank after only two years in his current role to launch his own private equity fund.
Actis said nearing compromise with Nilgiri promoters
Emerging markets investor Actis Capital is reportedly nearing agreement with the promoter family behind Indian investee Nilgiri Dairy Farm, after legal and other disputes apparently brought Actis close to exiting its $65 million stake.
PineBridge Pacific Century sale hits fresh delay
The completion of American International Group's sale of its $87.3 billion asset management business, including some $27.3 billion of private equity assets, to Richard Li-backed Pacific Century, reportedly may face further delays, as Hong Kong police...
Vietnam: Diamond in the rough
In a country where private consumption is two thirds of GDP and 60% of the population is under 30 years old; and people are highly entrepreneurial, highly motivated and very excited about the opportunities that lie ahead for them and for the nation; one...
The Great Arbitrage
In this week's Editor's Viewpoint, Brent Nicklas of Lexington Partners shares a key strategic insight with Paul Mackintosh, AVCJ Managing Editor.
Israel's Infinity launches six RMB funds
Infinity-I China Fund, the Tel Aviv-headquartered venture capital firm led by Infinity Group CEO Amir Gal-Or, has launched six RMB-denominated private equity funds in partnership with seven Chinese cities, including Beijing, Suzhou, Harbin, Shijiazhuang,...
Oz LP moves bring Myer's Eliopoulos to Telstra, Connolly to Russell
Turnover among senior Australian LP personnel is seeing John Eliopoulos, formerly CIO with the Myer family office, to pension fund Telstra Holdings as head of domestic equities, while Nicole Connolly, hitherto portfolio manager for alternatives at Telstra,...
China Merchants entity plans third fund in three years
CMS Capital (HK) Co., Ltd., a fully-owned subsidiary of China Merchants Securities operated under China Merchant Group, one of the largest conglomerates in China, plans to launch its third private equity fund in three years since its formation.
Guillot joins CalPERS as COIO
Janine Guillot, formerly MD and COO for fixed income at Barclays Global Investors, is joining the California Public Employees’ Retirement System (CalPERS) as its new chief operating investment officer, under CIO Joseph Dear.
Sumitomo Mitsui launches turnaround fund
Sumitomo Mitsui Banking Corp. will launch a JPY 30 billion ($332 million) corporate turnaround fund to help the bank’s SMEs clients to turn around struggling businesses.
KKR India recruits Sen from Citi
Kohlberg Kravis Roberts & Co. has reportedly recruited Abhijit Sen, formerly CFO and CAO of Citi in India, as its new CFO for KKR India.
KIC to invest $100 million in IFC fund
Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, will inject $100 million into a private equity fund managed by IFC Asset Management Company, a wholly-owned subsidiary of the International Finance Corporation (IFC), the private...
Harbor Pacific makes maiden first close
Harbor Pacific Capital, a Silicon Valley-based VC firm focused on tech companies in the US and Asia, has raised $32.8 million for the first close of its maiden fund, Harbor Pacific Capital Partners I, LP.
Actis recruits Soh from Temasek
Leading London-headquartered emerging markets investor Actis has recruited Lionel Soh, a former associate director of investments at Temasek Holdings, as a director for its Singapore office.
Merrill's Boston joins CP Eaton to lead private equity
Loren Boston, formerly Managing Director and Global Head of Origination for Merrill Lynch’s Private Equity Funds Group, comments to AVCJ following the news that he has joined leading placement agent CP Eaton Partners as an MD and member of the management...
Goldman Sachs said halving infra fund target
Goldman Sachs has reportedly cut the original $7.5 billion target size for its Goldman Sachs Infrastructure Partners II fund by more than half.