Regulation
Shanghai to unveil RMP LP plan
A flurry of reports around an ‘official’ Shanghai announcement of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” suggested that Shanghai was cementing its status as the destination of choice for foreign GPs and...
Shanghai RMB LP plan reported
Reports in PRC media indicate the launch of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” to be floated in the Pudong New Area of Shanghai, authorized after an executive meeting of the Shanghai municipal government....
Ex-Goldman Hu may skip PE for PBOC
According to Chinese media reports, Dr Fred Hu, the former Managing Director and Chairman of Greater China at Goldman Sachs who recently retired from his post after only two years, may skip his reported plans for an independent private equity fund and...
New US rules may affect foreign funds
A new US law, the “Hiring Incentives to Restore Employment Act of 2010,” just signed by US President Barack Obama, could drastically affect non-US financial institutions and private equity funds, as well as US LPs and family offices investing into them,...
China nixes SOE real estate investment
PRC authorities have ordered SOEs to halt investments in China's real estate sector, in an effort to cool land prices and redirect stimulus capital.
Green investing: The other side of the summit
COP15 may not yet have forged a future-proof global greenhouse gas reduction regime; but some still see it as an important step forward – and promising opportunities are budding in the green sector, especially in Asia.
EU still not agreed on alternatives funds
European Union representatives from the 27 member states have reportedly failed to reach a deal in the latest push for consensus on regulation of alternative investment vehicles, including hedge funds and private equity.
Actis said nearing compromise with Nilgiri promoters
Emerging markets investor Actis Capital is reportedly nearing agreement with the promoter family behind Indian investee Nilgiri Dairy Farm, after legal and other disputes apparently brought Actis close to exiting its $65 million stake.
KKR India recruits Sen from Citi
Kohlberg Kravis Roberts & Co. has reportedly recruited Abhijit Sen, formerly CFO and CAO of Citi in India, as its new CFO for KKR India.
LPs divided on ILPA principles at Australia Forum
At the AVCJ Private Equity & Venture Forum \ ANZ 2010, the principles promulgated by the Institutional Limited Partners Association (ILPA), which this group hopes will garner more backing from global LPs, in an effort to homogenize private equity industry...
Asst Treasurer Sherry cites "fair and equitable" tax in Oz Forum
Australia’s Assistant Treasurer, Senator the Hon. Nick Sherry, repeatedly referred to Australia's desire to promote a "fair and equitable tax system," as he opened the AVCJ Private Equity & Venture Forum \ ANZ 2010 in Sydney.
Temasek's Thai assets fall after Thaksin ruling
Listed assets in Thailand owned by Singapore SWF Temasek Holdings fell after a Thai court ruling that ex-prime minister Thaksin Shinawatra had abused his office to benefit entities of Shin Corp., the telecoms group linked to his family that was controversially...
Korea's NPS made 10% return in 2009
South Korea’s $241 billion National Pension Service (NPS), the nation’s biggest LP, boosted its returns last year, posting a 10% return on assets in 2009, according to South Korea’s welfare ministry, following an 0.2% loss in the year before.
Aureos plans Singapore office, citing tax, costs, regulation
Aureos Advisers, also known as Aureos Capital, the emerging markets-focused private equity investor, is apparently opening a new Asian head office in Singapore, in a move partly driven by high taxes, regulatory burden and heavy costs in the UK.
Unison resets controls, salaries
After the tragic incident last year when one of its former partners died just after an official investigation, Japanese buyout firm Unison Capital is planning to move forward by strengthening its internal control systems to prevent any misconduct by its...
Spain reinserts EU AIFM draft restriction
Spain, recently replacing Sweden in the presidency of the European Council, has reinstated the restrictive Article 35 provision in the draft EU Alternative Investment Fund Managers (AIFM) rules, which would restrict non-European managers from marketing...
Unison Capital strengthens internal controls
Unison Capital, the Tokyo-based buyout firm, has implemented new measures including a ban on Japanese equities trading, while it reviews information security policies to tighten its internal control systems, after a former partner, Kenichi Kiso, was confirmed...
Augentius opens Mauritius office for India
Fund management specialist Augentius has been authorized by regulators to open an office in Mauritius to serve Mauritian-domiciled private equity funds.
Axis spinout may set trend in India
Axis Private Equity, led by MD and CEO Alok Gupta, has confirmed earlier Indian media reports that it is planning to spin out of backer and parent Axis Bank, by buying out its stake in the business.
Industry Q&A: Benjamin Fanger
Benjamin Fanger, co-founder and MD of China-focused distressed investment fund Shoreline Capital Management, speaks to AVCJ’s Christina Kautzky
Oz media rebates may help PE investees
Rebates announced by the Australian government for the next two years on the license fees that commercial free-to-air broadcasters pay to the state may prove a lifeline to hard-pressed private equity investors in the sector. Australia’s channels Seven,...
SEC reconsiders placement agent restrictions
The US Securities and Exchange Commission (SEC) may review its recently unveiled plans to prevent private equity firms from hiring placement agents to help seek funds from public pensions.
New alignments, new businesses
New regulations and new fund realignments look set to push more private equity activity to Asia.
Oh dear, Obama
US President Barack Obama’s recent statement about curbing US banks’ abilities to use their own capital to trade out of proprietary investment accounts or to invest in private equity funds and hedge funds is rife with implications, but very little in...