Regulation
SWFs meet in Oz
Earlier this month, 22 of the world’s sovereign wealth funds met in Sydney to discuss issues they all face with investment.
Keeping LPs happy
The due diligence process has always played an important role for LPs when choosing funds to back.
GOME reappoints Bain directors after eviction attempt
The board of Bain Capital investee GOME Electrical Appliances reappointed Bain representative non-executive directors Jonathan Zhu, Ian Reynolds and Wang Li Hong after two significant affiliated shareholders voted against their reappointment at the company's...
Choi steps down at VinaCapital fund
Dr. Jonathan Choi, a non-executive director at the London AIM-listed VinaCapital Vietnam Opportunity Fund, has resigned from his position.
Temasek buys NYSE's NSE stake
Singapore SWF Temasek Holdings has said publicly that it will invest in the National Stock Exchange of India, buying a 5% stake from NYSE Euronext.
JPMorgan Chase plans China VC firm
US financial institution JPMorgan Chase & Co. reportedly is ready to establish a venture capital firm in China, with official authorization from PRC financial regulators and the Beijing government.
Hoo moves from Hastings to Orrick
Respected private equity lawyer Maurice Hoo is moving from Paul, Hastings, Janofsky & Walker to Orrick, Herrington & Sutcliffe, to co-head Orrick's global private equity practice.
NPS may join on KEB
Korea's National Pension Service may participate in the acquisition of Korea Exchange Bank from Lone Star Funds, according to Korean reports.
The framework for green investing
While agreement on global emissions targets may be in abeyance, national policies and regulatory changes are spurring the development of renewable energy projects across Asia – and particularly in China – say international legal teams.
Bery claims $30.8 million from JPM
Varun Bery, and co-founder of TVG Capital Partners, and later co-head and MD of JPMorgan’s private equity investment arm in Asia Pacific, JPMorgan Private Capital Asia, is now suing the bank over $30.8 million.
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
China Select gets Suzhou RMB OK
China Select Capital Partners Corp., a Toronto Venture Exchange-listed asset management and investment firm, has announced that it has received approval from the municipal government overseeing Suzhou Industrial Park to manage RMB funds in China.
Origo signs Xinxiang RMB enviro fund MOU
Origo Partners, an AIM-listed China and India-focused investment firm, has signed an MOU with the Xinxiang Municipal Government in Henan province in northeast China, to set up the RMB-denominated Origo China Sustainable Development Fund.
Bain's Gome could face fines in Huang trial
Huang Guangyu, the founder and former chairman of Bain Capital investee Gome Electrical Appliances Holdings, has gone on trial in Beijing, charged with illegal business operations, insider trading and bribery.
Bery sues JPM over firing, spinout
Varun Bery, former MD and co-founder of TVG Capital Partners, and later co-head of JPMorgan's private equity investment arm in Asia Pacific, is now reportedly suing the bank over $30.8 million alleged lost income, also alleging wrongful dismissal and...
Singapore reviewing private equity fund regs
The Monetary Authority of Singapore, the state's financial regulator and central bank, has announced a formal review of its private equity and hedge fund regulations, amid global trends towards tighter private fund regulation.
Taizinai liquidiation challenged
In the latest, not unexpected, complication in the attempts by private equity investors and debt-holders to recover money from struggling PRC milk drinks producer Hunan Taizinai Group, the company's chairman, Li Tuchun, is said to be resisting efforts...
ATO delay ominous for Oz PE
The Australian Taxation Office has delayed two rulings on profits from private equity transactions until end May, indicative of a harder stance on the issue, according to some observers.
Asian fund T&Cs acceptable, finds Squadron
An independent survey by Hong Kong-headquartered private equity fund-of-funds manager Squadron Capital has found that terms and conditions of Asia Pacific private equity funds compare variably against US and European funds in terms of their compliance...
A 'taxing' situation in Japanese private equity
Japan's private equity market is broadly viewed as a domestic industry for local GPs and LPs, with the exception of a few well-known global buyout giants.
Carlyle Taiwan Mobile deal needs new solution
Taiwan's Taiwan's media and broadcasting regulator, the National Communications Commission, has ruled that the Carlyle Group and Taiwan Mobile must find an acceptable solution to the regulatory problems stalling a planned $1 billion investment.
HKMA new alternatives tilt, KKR investment revealed
The Hong Kong Monetary Authority, Hong Kong's de facto central bank and manager of the territory's c.$1.5 trillion Exchange Fund, will invest more into private equity and hedge funds, having already committed to Kohlberg Kravis Roberts & Co. and other...
Building a better Asia – public, private, partnerships and profits
The growing discrepancy between Asia’s phenomenal productivity growth and its slow progress in the roll-out of critical infrastructure threatens the region’s potential growth.
CIC recruits Peng, Fan, from SOE banks
The China Investment Corporation, China's $300 billion SWF, has engaged Fan Yifei, formerly an executive vice president at China Construction Bank (CCB), as an EVP, as well as Bank of Communications (BoCom) EVP Peng Chun as President of its domestic investment...