Performance
Carlyle, Blackstone heads paint bleak outlook for US economy
The Carlyle Group’s co-founder David Rubenstein and Stephen Schwarzman, CEO of Blackstone Group, were downbeat in their assessments of the US economy on Wednesday.
Developed market PE firms outperform emerging market counterparts
Private equity funds targeting developed markets outside of the US outperformed their emerging markets counterparts in the quarter ended March 31, according to indices published by Cambridge Associates. It is only the fourth time since the first quarter...
Nominations for the 2011 AVCJ awards close September 30
The AVCJ Asian Private Equity & Venture Capital Awards recognizes individuals, firms and transactions that have contributed to the success of the Asian private equity and venture capital industry. Tell us who you think deserves recognition. Submissions...
AVCAL releases private equity governance code
The Australian Private Equity and Venture Capital Association (AVCAL) has released a governance code designed to improve transparency in the private equity industry. The code is intended to formalize industry best practice and all AVCAL members will be...
Anacacia Capital fund named world's top performer
A vehicle launched by Australia’s Anacacia Capital has been named the top performing fund globally by Pensions and Investments magazine. Anacacia Partnership I, which closed in 2007, was judged to be the outstanding performer out of funds raised between...
Australia's private equities continue to outperform public
Private equity in Australia outperformed public markets in the first quarter of 2011, continuing a trend that dates back nearly a year. The Australia Private Equity and Venture Capital Index (APEVC Index), published by Cambridge Associates, delivered...
Nominations are open for the AVCJ Awards 2011
As most of you will recall, we started the AVCJ Asian Private Equity & Venture Capital Awards back in 2001, when the region’s nascent private equity industry was going through a “nuclear winter,” picking up the pieces left by the dotcom bust. The awards...
Investors demand greater transparency from GPs - survey
Institutional investors are increasingly turning to private equity for returns, but they expect greater transparency from GPs. According to a survey report released by SEI in collaboration with Greenwich Associates, fund management need to demonstrate...
Should private equity investors trust IRR?
Since the early days of private equity, the internal rate of return (IRR) has served as the industry’s prime metric. It is perhaps best known as the gauge which underpins fund managers’ claims that they deliver better returns than the public equity markets....
CPP Investment Board announces 0.9% gain in fiscal first quarter
Canadian pension fund CPP Investment Board announced a 0.9% quarter-on-quarter gain for the three months ended June 30, primarily thanks to a strong performance from private market investments, Dow Jones reported.
CVC-backed Nine Entertainment expects modest profit growth in coming year
CVC-owned Nine Entertainment posted EBITDA of A$414.9 million for the fiscal year ending June, up 16.4% year-on-year, but it forecasts modest growth this year – a reflection of the challenges facing most Western media companies that rely heavily on advertising...
Apollo's PE business drives up second-quarter earnings
A strong performance from Apollo Global Management’s private equity business saw second-quarter earnings reach $139.6 million, or US$0.31 per share, on the back of revenue jumped to $308.9 million from $79.3 million. According to US GAAP, Apollo posted...
CalPERS, CalSTRS announce annual gains in excess of 20%
US pension fund CalPERS announced a 20.7% return for the year ending June 30, a 14-year high, while sister fund CalSTRS reported its best performance in 25 years with growth of 23.1%.
A glimpse into the future
With 2011 upon us, industry players offer thoughts on the major themes for the year ahead, and for the first time in years, the forecast is largely for blue skies and sunshine.
Industry Q&A: Sanjay Nayar
Sanjay Nayar, CEO and Country Head for Kohlberg Kravis Roberts & Co. in India talks about his approach to the Subcontinent, a market in which promoters, management and family are one and the same.
Headland becomes a test case for post-bank spinout PE funds
One of the most closely watched of the new wave of private equity team spinouts from major banks has completed with the announcement that the management team who led HSBC Private Equity Asia have now completed their separation from parent HSBC with the...
Goodbaby, great exit
Hong Kong-based private equity firm PAG has seen a strong result from the IPO late last month of its portfolio company Goodbaby, the largest retailer and distributor of children’s products in China.
First AVCJ India Awards see Indian industry's coming of age
The first AVCJ India Private Equity & Venture Capital Awards held last week paid tribute not just to individual winners, but also to the overall growth and maturation of the Indian private equity industry.
India and the China Factor
While China and India are very different markets, what they do have in common is their competition for LP investment dollars by funds with a regional mandate.
The great India debate
Private equity investment deals in India may be tricky, expensive and atypical compared to the standard private equity model, but they are potentially lucrative and poised to become even more attractive.
First AVCJ Indian Private Equity & Venture Capital Awards showcase performance, strength with Sequoia, ICICI, Chandwani wins
AVCJ’s first-ever annual Indian Private Equity & Venture Capital Awards saw distinguished wins for firms including Sequoia Capital, ICICI Venture and KPMG.
3i's Queen says India "most attractive market in the world" at AVCJ India Forum 2010
Hailing "breathtaking" opportunities in India at the 11th Annual AVCJ Private Equity & Venture Forum India 2010 in Mumbai, Michael Queen, Chief Executive of the UK's 3i Group Plc, remarked that, "when I look around the world, it’s absolutely critical...
Deloitte Technology Fast 500 Asia Pacific shows Australia, Japan surprises, Asia growth
The annual Deloitte Technology Fast 500 Asia Pacific ranking and awards for the region's fastest-growing TMT companies, released today, showed surprisingly strong performance from Australasian and Japanese companies, as well as showcasing an average revenue...
Industry Q&A: Anil Chawla, D.E. Shaw
Anil Chawla, India Country Head at D.E. Shaw, explains the firm’s nimble and flexible approach to investing in a market that requires in-depth knowledge and expertise.