Prakash Nene, the managing director and CFO of Indian PE firm Multiples Alternate Asset Management, has resigned from the firm citing personal reasons.
TPG Capital has hired Malcolm Jackson, who currently works for The Blackstone Group in Singapore, as a managing director in its Australia and New Zealand team.
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has added Shweta Bhatia, formerly of Goldman Sachs, as a partner in its India office.
Ryan Shelswell has been named head of Asia Pacific at Intermediate Capital Group (ICG), succeeding Chris Heine, who will retire from the company.
Jireh Li, formerly chief representative for Asia at US-based fund-of-funds Commonfund Capital, has joined Chinese venture capital firm Source Code Capital as an executive director.
Qiming Venture Partners has rehired a former partner, Steven Hu (pictured), as a partner focused on investment in the internet and consumer sectors.
Advisory firms focused on private equity secondaries are confident that Asia will fulfill its potential as an expansion market for their services. They will not be able to effectively seize the opportunity remotely
Brand Capital, an investment arm of India’s The Times Group, has named Sam Subramaniam as its CEO.
Australia’s Future Fund plans to hire a chief technology officer (CTO), part of whose remit will be to work with the investment team to develop technology solutions that support investment decision-making.
Fund administrator Augentius has appointed Jimmy Leong as managing director for Asia following the departure of Alexander Traub to Alter Domus.
HarbourVest Partners has promoted Till Burges, who covers primary investments out of the firm’s Hong Kong office, to managing director.
Nick Nash (pictured), group president of Singapore-headquartered mobile internet and gaming platform Sea, will step down at the end of 2018 to launch his own regional VC firm.
Arif Naqvi, founder of The Abraaj Group, has stepped back from the fund management business as part of changes to the firm’s governance and operating model. This comes after LPs expressed concerns that a healthcare fund had been misused.
Ardian has opened an office in Tokyo - its third in Asia - with a view to capitalizing on growing demand for exposure to alternatives, including private equity, from Japanese institutional investors.
Kevin Zhang, one of the two co-founders of Chinese middle market private equity firm Ascendent Capital Partners, is retiring from the firm. He is understood to be planning to establish his own family office.
Nobuaki Kurumatani, who has been president of CVC Capital Partners’ Japan operation for less than a year, is departing to become chairman and CEO of Toshiba Corporation.
The Blackstone Group has shuffled its senior leadership – with Tony James, the firm’s president and COO, handing over day-to-day management duties to global real estate head Jon Gray – as part of efforts to address succession planning.
Singapore-based Monk’s Hill Ventures has engaged Mohd Ridzwan (Reez) Nordin as a Malaysia-based venture partner.
Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing.
Placement agent Monument Group has appointed Kay Sano (pictured) as a representative director in its Tokyo office. She was previously a Japan-based vice president with Bain Capital Private Equity.
Cooley has hired Xun Zeng as a resident partner in its newly opened Beijing office. Zeng joins from Ropes & Gray in Hong Kong, where she was a counsel in the private investment funds group.
Chris Lai, formerly a venture partner at China-focused Sinovation Ventures, has joined Shunwei Capital Partners, a VC firm set up by Xiaomi founder Lei Jun, as a partner.
Veronica John, a longstanding emerging markets investor, has died following a battle with cancer. She was 53.
The Carlyle Group has hired Wanlian Liu from Goldman Sachs to lead the firm’s growth investments in China as a managing director.