Performance
Industry Q&A: Glenn Hubbard
AVCJ spoke to Glenn Hubbard, Dean of the Columbia Business School and former Chairman of the Council of Economic Advisers to George W. Bush, about current US attitudes toward private equity investment in Asia.
A schizophrenic industry?
The latest AVCJ Research figures on private equity activity in 2010 show an industry that is powering ahead in precisely the weakest areas for private equity in the West.
GATE says rolling out in Southeast Asia
GATE Technologies, a NYC-headquartered firm seeking to establish a series of online GATE Developing Marketplaces in illiquid securities and alternative assets, including private equity fund positions, has said that it "is in discussions with a Singapore-based...
Temasek annual report shows rebound
Singapore SWF Temasek Holdings' portfolio rebounded to S$186 billion ($134.4 billion) by the financial year ending March 31st 2010 - a figure that is slightly above 2008's S$185 billion ($133.7 billion), and well above 2009's S$130 billion ($94 billion),...
Secondaries show Asia's maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
3i continues buyout wind-down in India
In light of 3i Group’s decision to pare down its buyout arm in Asia – folding its Singapore-led buyout team into its regional growth capital platform and transferring responsibility for Asian buyouts to its global buyout team – 3i India is merging its...
Asia Pacific distress still pays off
Given the financial journal headlines and relentless LP interest reinforcing the notion that Asia is booming, one might well wonder what distress opportunities remain in the region.
Japan: Spring after a long winter?
After a long winter, private equity activity in Japan is slowly but surely showing signs of recovery. In particular, mid-cap acquisitions by private equity players are reviving deal flow.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
KIC seeks diversity, targets PE
Chin Young Wook, CEO of the Korea Investment Corporation (KIC), Korea's $30 billion sovereign wealth fund, has said publicly that the SWF will seek greater investment in private equity and real estate, as well as contemplating direct investments through...
VEIL concerns see Vietnam market drop
Vietnam-focused investor Dragon Capital saw the country's benchmark fall sharply in late June over rumors that its Vietnam Enterprise Investment Limited Fund, a vehicle listed in Ireland, might be dissolved after legal action by one of its key shareholders,...
Financial investors in financial services
Financial services deals put Asia Pacific private equity on the map worldwide.
LP t&c issues as power balance shifts
The debate over the impact of the GFC on the balance of power between GPs and LPs has focused much on whether any power shift is real, or just cosmetic.
Actis settles differences over Nilgiri Dairy
Actis Capital has resolved its long-running dispute with the promoters of Nilgiri Dairy Farm, the Indian milk products group it took an ostensible control stake in for $65 million in 2006.
Japan, a Catch-22?
While Japan's estimated GDP growth sits at just 2.6%, China is forecasted to hit 9.6% growth in 2010.
Who's got talent?
Along with the rest of the world, private equity firms – and their investee companies – put the brakes on hiring through the financial crisis.
Shan joining Pacific Alliance as CEO
After earlier reports that he was going to form his own independent private equity firm, Weijian Shan, previously Managing Partner with TPG Capital in Hong Kong, is now going to join Pacific Alliance Group (PAG), the Hong Kong-headquartered private equity,...
Korea's NPS to boost exposure in alternatives
South Korea's National Pension Service, the world’s fifth largest sovereign wealth fund, said it plans to boost its equity and alternative investment holdings.
Coller Barometer shows slumping returns, soaring Asia
The latest edition of the Coller Capital Global Private Equity Barometer, polling 110 LPs worldwide, found respondents registering the full aftermath of the GFC, with the lifetime returns on their portfolios falling dramatically.
Results, however volatile, in China
According to the recent AVCJ Private Equity and Venture Capital Report China 2010, around $12.9 billion was invested into the PRC over 2009, accounting for just under 30% of all private equity investment in Asia, China’s highest total ever by market share....
Asia Pacific: No longer far away
Despite predictions by some forward-looking industry figures that China may move ahead to supplant the US within a couple of generations as the world’s biggest private equity market, the US remains the fulcrum of global private equity.
Asian private equity – size does matter?
As a house publication for an industry that was little understood and less visible throughout all but its most recent history in Asia Pacific, AVCJ has long leaned towards the optimistic in its portrayal of the impact of private equity in the region....
Kleiner, Sequoia, Walden-backed Auto Navi goes to NASDAQ
Sequoia Capital, Kleiner Perkins and Walden International investee AutoNavi Holdings Ltd., a provider of digital map content and navigation services in China, filed with US regulators on Wednesday to raise up to $100 million in an initial public offering...
Caution: Lower returns ahead?
Recently, as astute readers will remember, the EMPEA/Coller Capital Emerging Markets Private Equity Survey showed great expectations among LPs in emerging markets private equity funds.