India and Southeast Asia-focused private equity firm Everstone Group has reorganized its global fundraising operation following the departure of managing director Atul Phull.
Devinjit Singh, a managing director for The Carlyle Group based in Mumbai, will leave the firm at the end of this month to pursue other interests.
Atul Phull, a managing director at Everstone Group primarily responsible for fundraising, has left the India-focused GP after seven years.
Actis has appointed Ellen Li, formerly of Janus Henderson Global Investors, as a managing director and head of its investor development group in Asia.
Asian LPs see a shortage of qualified professionals capable of executing investment programs as the biggest obstacle to improving their private equity returns.
Bernard Moon, co-founder of SparkLabs Group, has helped bring a global approach to seed investment. Early work bridging US and Korean start-up cultures clarified the value in going cross-border early
The Carlyle Group has hired Robby Winarta as a managing director for Indonesia and Long Hoang as a director for Vietnam.
Start-ups are attracting more attention in Vietnam as technology-oriented business models take root and local success stories emerge. Henry Nguyen of IDG Ventures Vietnam maps out the landscape
Jason Tan (pictured), formerly a global partner at Tiger Global Management, has joined Hong Kong-based investment firm Jeneration Capital as a partner and CIO.
The Carlyle Group has appointed former Kingsoft CEO Hongjiang Zhang as a senior advisor to its Asian private equity business. The move is intended to deepen the firm’s coverage of the internet and technology space.
Varun Laul (pictured), the sole remaining India-based representative of Providence Equity Partners, has left the GP to join technology-focused venture capital firm Zodius Capital.
Canada Pension Plan Investment Board (CPPIB) has promoted Suyi Kim to the role of senior managing director and head of Asia Pacific, along with additional changes in the firm’s Asian leadership.
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.