Performance
Storm warning: Investors prepare for macro difficulties
The coronavirus outbreak appears to be fast-tracking a long-expected economic downturn. The situation is very different from the aftermath of the global financial crisis, but PE investors may still draw instruction from the events of 2008-2009
Coronavirus intensifies Asia exit, performance concerns - Bain
Asian private equity investors face considerable challenges in 2020 with the coronavirus outbreak likely to exacerbate existing concerns around an impending global downturn, a drop-off in exits and dwindling deal-making activity in China, according to...
AVCJ daily bulletin returns January 29
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on January 29.
Warburg Pincus returns $2b from China portfolio in 2019
Warburg Pincus generated distributions of $2 billion from its China investments last year, a record annual total for its local operation.
AVCJ daily bulletin returns January 6
AVCJ's daily bulletin is taking a short break for the festive holiday season.
Asia edges developed markets on PE performance - study
Private markets investors in Asia have outperformed their developed markets peers in four out of the last six years in terms of IRR, with the once substantial gap in median distributions also narrowing, according to analysis by Hamilton Lane.
PAG, Centurium win firm of the year prizes at AVCJ Awards
PAG Asia Capital and Centurium Capital secured the two firm of the year prizes at the 2019 AVCJ Private Equity & Venture Capital Awards, while Renuka Ramnath of India’s Multiples Alternative Asset Management won the AVCJ Special Achievement Award.
SoftBank founder admits to lapses on WeWork
SoftBank founder Masayoshi Son admitted to a lapse in judgment on WeWork while disclosing that SoftBank Vision Fund and SoftBank Group have written down their positions in the beleaguered co-working space provider by a combined $7.7 billion.
AVCJ Awards 2019 - Voting has closed
Voting for the 2019 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation. The winners will be announced on November 11.
AVCJ daily bulletin returns October 8
There will be no AVCJ bulletin on October 7 due to a public holiday in Hong Kong marking the Chung Yeung Festival.
AVCJ daily bulletin returns October 2
AVCJ's daily bulletin will not be published on October 1 due to the public holiday in Hong Kong marking China's National Day.
Asian family offices lead on performance, growth capital exposure
Family offices in Asia Pacific and emerging markets were the strongest performers globally last year and they are also leading the charge into venture and growth-oriented investments, according to UBS and Campden Wealth’s latest global family office...
China's CIC prioritizes direct investment, bilateral funds
China Investment Corporation (CIC) is stepping up its private equity co-investment and direct investment activity – including through the establishment of bilateral cross-border funds – as it seeks to boost returns in increasingly unstable global...
Future Fund stresses risk-reward balance in private market strategies
Institutional investors “should be thoughtful about balancing risk and reward” as they deploy more capital into private markets that present liquidity and valuation challenges, according to the deputy CIO of Australia’s Future Fund.
AVCJ Awards 2019 - Nominations have closed
Nominations for the 2019 AVCJ Private Equity & Venture Capital Awards is September 26. Many thanks to all who participated. The voting stage will commence within a fortnight.
Q&A: Betatron's Erika Cheung
Erika Cheung, who helped bring the fraud at Theranos to the attention of regulators, discusses her current role as an advisor at Hong Kong accelerator Betatron and the challenges faced by women entrepreneurs
Women in PE: Mind the gap
Gender diversity within private equity is an increasing priority for LPs and GPs alike. Addressing problems around the recruitment and retention of women requires fundamental changes in culture and mindset
Realism on exits essential in Southeast Asia – AVCJ Forum
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Investors challenged by governance in SE Asia – AVCJ Forum
Implementing institutional-class governance practices at portfolio companies remains a significant hurdle for Southeast Asia-focused buyout firms, industry participants told the AVCJ Singapore Forum.
Temasek trims investment pace as performance stutters
Annual divestments by Singapore’s Temasek Holdings exceeded investments for only the second time in a decade against a backdrop of challenging market conditions and weaker returns.
GIC warns of potential downturn, cuts public equities exposure
Singapore’s GIC Private warned of “high-risk asset valuations that mask weak market fundamentals and growing economic uncertainties” having dialed down exposure to developed market public equities in favor of private equity, bonds and cash over...
AVCJ daily bulletin returns July 2
AVCJ’s daily bulletin will not be published on Monday, July 1 due to a public holiday marking the establishment of Hong Kong Special Administrative Region.
AVCJ daily bulletin returns June 10
AVCJ's daily bulletin will not be published on Friday June 7 due to the public holiday in Hong Kong.
LPs worry about alignment issues in GP-led secondaries - survey
The arrival of GP-led secondary transactions in the private equity mainstream has been accompanied by mounting concerns among LPs that their interests might not be aligned with those of the managers driving these deals.
