Performance
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AVCJ’s daily bulletin will not be published on Monday, July 1 due to a public holiday marking the establishment of Hong Kong Special Administrative Region.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.
Governance standards: A matter of integrity
Traditionally the overlooked, underappreciated or misrepresented facet of ESG, governance is gaining prominence in emerging markets private equity as investors reassess risk exposure
CPPIB increases co-investments, fund check sizes in Asia
Canada Pension Plan Investment Board (CPPIB) closed a record nine direct private equity deals in Asia during the 2019 financial year, while writing down one of its largest existing co-investments in the region.
Carlyle's Rubenstein champions emerging markets
The bloom has faded from the rose in emerging markets in recent years, which means it is an opportune time to invest in these geographies, according to David Rubenstein (pictured), co-founder and co-executive chairman of The Carlyle Group.
Vietnam outbound expansion: Brands apart
A booming domestic market and lack of success stories will likely keep outbound expansion a low priority for Vietnam’s investors and entrepreneurs until a suitable market niche can be found
AVCJ daily bulletin returns May 14
AVCJ's daily bulletin will not be published on May 13 due to a public holiday in Hong Kong.
AVCJ daily bulletin returns May 2
AVCJ's daily bulletin will not be published on Wednesday, May 1 due to the Labor Day public holiday in Hong Kong.
AVCJ daily bulletin returns April 23
AVCJ's daily bulletin will take a short break for the Easter holiday. Publication will resume on April 23.
AVCJ daily bulletin returns April 8
AVCJ's daily bulletin will not be published on April 5 due to a public holiday in Hong Kong for the Ching Ming Festival.
China fundraising: What LPs want
Investors share the most important qualities that can help Chinese GPs gain traction in a challenging fundraising environment
Southeast Asia manufacturing: Back in the game
Contract manufacturers are reconsidering their exposure to China in the light of trade tensions with the US. Southeast Asia stands to benefit, but companies will have to navigate an increasingly complicated landscape
Asia PE: Shifting sands
The private equity industry in Asia is bifurcating on various trend lines around fundraising, exits, and institutionalization. GPs may require a more complex playbook to survive and thrive
Australia's Future Fund credits performance to private markets exposure
Australia’s Future Fund expanded its PE exposure by more than one third over the course of 2018, with the sovereign wealth fund citing carefully cultivated private markets exposure as one of the reasons it has comfortably outperformed superannuation...
