Performance
Temasek sees portfolio shrink, ups investment pace
Temasek Holdings has deployed a record S$32 billion ($23.3 billion) in the past year – with technology and healthcare the main beneficiaries – even as the impact of COVID-19 saw its overall portfolio shrink in value for the first time since 2016.
Australia's Future Fund posts negative return, sells part of PE portfolio
Future Fund has posted its first yearly negative return since the global financial crisis, amid economic chaos caused by COVID-19, and rebalanced its private equity portfolio as part of efforts to avoid “excessive risk.”
AVCJ Awards 2020 - last call for nominations
Nominations for the 2020 AVCJ Private Equity & Venture Capital Awards will close on September 30 at 6 p.m. Hong Kong time. Please take the opportunity to have your say on the year's outstanding firms, fundraises, investments and exits.
De-risking measures limit COVID-19 damage to GIC portfolio
Singapore’s GIC Private said that steps taken last year to de-risk its portfolio – reducing its allocation to equities in favor of cash and evaluating deals with more caution – have limited the negative impact of COVID-19.
AVCJ daily bulletin returns July 2
AVCJ’s daily bulletin will not be published on July 1 due to a public holiday marking the establishment of the Hong Kong Special Administrative Region.
AVCJ daily bulletin returns June 26
AVCJ's daily bulletin will not be published on June 25 due to the public holiday in Hong Kong.
KKR reassured by heavy Asia PE exposure as pandemic eases
KKR sees its significant exposure to Asia – which accounts for more than 30% of the firm’s overall private equity portfolio – as a source of strength as the region appears to be emerging from the coronavirus pandemic faster than the US and Europe.
AVCJ daily bulletin returns May 4
AVCJ's daily bulletin will not be published on April 30-May 1 due to consecutive public holidays in Hong Kong.
AVCJ daily bulletin returns April 14
AVCJ's daily bulletin is taking a short break for the Easter holiday. Publication will resume on April 14.
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.
