Industry
Temasek plans new public markets vehicle Seatown
Singapore SWF Temasek Holdings has reportedly registered a new multi-strategy hedge fund-like investment company, Seatown Holdings International, to invest in securities from stocks to bonds and target absolute returns.
Clarity raising second China fund
Beverly Hills-headquartered private equity group Clarity Partners is reportedly seeking to raise its second China fund, targeting some $650 million.
CIC states US public position
The PRC’s $300 billion SWF giant the China Investment Corporation (CIC) has disclosed its $9.63 billion of public markets positions in US businesses through a filing with the US Securities and Exchange Commission, while reiterating its preference to avoid...
Oz media rebates may help PE investees
Rebates announced by the Australian government for the next two years on the license fees that commercial free-to-air broadcasters pay to the state may prove a lifeline to hard-pressed private equity investors in the sector. Australia’s channels Seven,...
Affinity not raising new fund
Notwithstanding earlier incorrect media reports, leading independent regional buyout firm Affinity Equity Partners has no plans to start raising a new fund this year.
Mahindra loads up PE arm
Mahindra Partners, the new private equity arm of Indian conglomerate the Mahindra Group, has gathered non-core group assets with a combined turnover of $500 million under its umbrella, including Mahindra Logistics, Mahindra Ocean Blue Marine and Mahindra...
SEC reconsiders placement agent restrictions
The US Securities and Exchange Commission (SEC) may review its recently unveiled plans to prevent private equity firms from hiring placement agents to help seek funds from public pensions.
Axis Bank to cater to family offices
In an attempt to capture the growing family office market, Axis Bank is planning to offer an all-inclusive service for India’s ultra-high-net-worth individuals or families with assets exceeding Rs100 crore ($22.5 million).
Thai Government Pension Fund will boost PE, realty
Thailand’s Government Pension Fund (GPF) will boost its overseas investments, including private equity fund investments and direct investments in real estate and infrastructure, Sopawadee Lertmanaschai, secretary-general of GPF announced earlier in Bangkok....
India's Ascent beats odds, raises $350 million
Ascent Capital Advisors India Pvt. Ltd. has announced the close of its Ascent India Fund III, garnering $350 million in commitments, amid rumors that the fund was in fact oversubscribed.
CIC enters Apax's "closed" Europe VII fund
China Investment Corporation (CIC), China's $300 billion sovereign wealth fund, has reportedly invested €685 million ($952 million) in Apax Partners' Apax Europe VII, a €11.2 billion ($15.5 billion) buyout fund that was ostensibly no longer open to investors....
JPMorgan closes $858.6 million Asia infra fund
JPMorgan Asset Management has announced the close of its JPMorgan Asian Infrastructure & Related Resources Opportunity Fund at $858.6 million.
Axiom closes Fund II ahead on $950 million
Singapore-headquartered independent fund of funds Axiom Asia Private Capital has delivered major corroboration for those who hoped that 2010 would see a rebound in private equity fundraising.
What's in private equity for China?
A new EUCC/Bain & Co study makes some bold assertions re. private equity’s economic and social impact in China.
China: Globalizing the RMB
While the rest of the world is struggling with recession, China is different.
New alignments, new businesses
New regulations and new fund realignments look set to push more private equity activity to Asia.
CITIC hits $1.3 billion for RMB fund
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), has hit a new high in RMB fundraising, accumulating RMB9 billion ($1.32 billion) for its debut vehicle, the CITIC Mianyang Private Equity Fund.
Philip Bilden of HarbourVest Partners
Philip Bilden, Managing Director for Asia Pacific at influential fund of funds HarbourVest Partners, talks about the firm's investment strategy and the relative attractions of different regional markets.
RHJ sold partial stake in Japanese auto play U-Shin
RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has sold about half of its 20% stake in U-Shin, Ltd., a Japanese manufacturer of electrical auto components, for ¥1.9 billion ($20.85 million).
Jonathan Zhu of Bain Capital
Jonathan Zhu, Managing Director at Bain Capital Asia, speaks about the firm's position on control and minority stakes, Bain Capital's market entry strategy, and the firm's plans for investing in 2010.
Ashurst appoints Moroz, Davies for Asian funds
London-headquartered international law firm Ashurst LLP has made two private equity-related appointments for Asia, with the appointment of Dean Moroz and Mark Davies as Counsels in Hong Kong and Singapore respectively.
Oh dear, Obama
US President Barack Obama’s recent statement about curbing US banks’ abilities to use their own capital to trade out of proprietary investment accounts or to invest in private equity funds and hedge funds is rife with implications, but very little in...
A wining alternative?
One of the more unusual alternative investment fund propositions to have emerged lately is the Lunzer Wine Fund launched by the UK’s Lunzer Wine Investments, and now marketing in Asia Pacific.
Sovereign risk overtakes sovereign wealth?
As the echoes of President Barack Obama’s thunderbolt against the banks, hedge funds and private equity continue to reverberate around financial circles, greater uncertainty – rather than certain doom – seems to be about to rain down on us.