People
Ropes & Gray adds partner to Asia private funds practice
Vincent Ip, a Hong Kong-based partner with Ropes & Gray’s private investment funds group, has been promoted to partner.
MBK loses Greater China head KC Kung
Kuo-Chan Kung, partner and head of Greater China at MBK Partners – and a member of the original team that spun out from The Carlyle Group in 2005 – is leaving the firm.
Australia's FIRB head delays Carlyle move
The chairman of Australia’s Foreign Investment Review Board (FIRB), Brian Wilson, has delayed taking up an advisory role with The Carlyle Group until his term with the regulator ends.
TRG opens South Korea office
The Rohatyn Group (TRG), a global emerging markets asset management firm, has opened an office in South Korea.
PE recruitment: The churn
Recent turnover spikes at pan-regional players could be a harbinger of future spin-outs
KKR hires China Development Financial's Paul Yang as China head
KKR has recruited Paul Yang, president and CEO of Taiwan-headquartered China Development Financial Corporation (CDF), to become head of Greater China. He will continue the firm’s efforts to broaden its business locally and participate up and down the...
Ex-Sailing Capital partner Michael Weiss joins China's Sanpower
Michael Weiss, formerly a partner and managing director at Chinese cross-border PE firm Sailing Capital, has joined Chinese conglomerate Sanpower Group as vice president in the investment department.
Ex-Unitas CIO Eugene Suh joins CVC as Asia COO
Eugene Suh, formerly CIO at Unitas Capital, has joined CVC Capital Partners as partner and Asia chief operating officer.
Sun Hung Kai appoints Sebastiaan van den Berg as CIO
Sebastiaan van den Berg, previously a managing director at HarbourVest Partners, has become CIO and head of principal investments at Hong Kong-based Sun Hung Kai & Co.
Riverside adds partner in Australia
The Riverside Company has promoted Nicholas Speer, a principal in its Melbourne office, to partner.
Ex-JP Morgan China president joins local VC firm
Brett Krause, former president of J.P. Morgan Chase China, has joined PurpleSky Capital as managing partner with a view to helping the local early-stage VC firm launch a debut US dollar-denominated fund.
Australia FIRB head to join Carlyle's Asia buyout team
The Carlyle Group has appointed Brian Wilson, currently chairman of Australia's Foreign Investment Review Board (FIRB), as a senior advisor to its Asia buyout team.
Unigestion appoints ex-CDPQ executive as Asia chairman
Unigestion has appointed Edouard Merette, formerly a managing director at Caisse de dépôt et placement du Québec (CDPQ), as non-executive chairman of its Asia board.
KKR's China private equity heads to spin out
David Liu, co-head of Asia private equity and head of China at KKR, and Julian Wolhardt, the regional leader of China, will leave the firm at the end of this year to raise a China-focused fund.
Northstar's Ashish Shastry to join KKR
Ashish Shastry, managing partner at Indonesia-focused Northstar Group, has agreed to join KKR. He will start work later in the year as head of Southeast Asia, succeeding Ming Lu, who was promoted to co-head of Asia private equity in 2015, according to...
TPG hires Ex-MSPEA executive as partner in Korea
TPG Capital has appointed Sanghoon Lee, formerly a managing director with Morgan Stanley Private Equity Asia (MSPEA), as a partner to lead the firm’s investments in South Korea.
Jaganath Swamy leaves HarbourVest to lead start-up
Jaganath Swamy, a vice-president at HarbourVest Partners, has left the firm to join Good Parents, a health and wellness-focused start-up based in San Francisco and Hong Kong.
Blue Sky founder Mark Sowerby to step back
Mark Sowerby, founder and managing director of Australia-based Blue Sky Alternative Investments, will retire from the firm.
Vietnam's Mekong backs logistics business, adds two partners
Vietnam-focused Mekong Capital has announced the second investment from its latest fund – cold chain logistics provider ABA Corporation – and also promoted Thanh Giang Vu Pham and Truong Dieu Le to partner. It now has four partners in total.
Louis Vuitton's Australia CEO joins L Capital as country head
L Capital Asia – a private equity arm of French luxury goods giant LVMH – has appointed Louis Vuitton Australia CEO Philip Corne as its executive chairman in Australia.
Ex-SBCVC partner Joe Chang joins Eight Roads China team
Eight Roads Ventures has appointed former SBCVC investment partner Joe Chang as a partner on its China team.
Rocket Internet: The human wave
Rocket Internet has played a major role in developing Southeast Asia’s e-commerce sector, but industry players say the firm’s most lasting effect will likely be the large talent pool that it is creating in the region
Japan's J-Star promotes two to partner
Japanese GP J-Star has promoted Yuki Kashiyama, an investment professional in the operating team, and Tomoko Ando, who works in the administration team, to partners.
Goldman's Vishal Bakshi departs to set up PE firm
Vishal Bakshi, a managing director at Goldman Sachs in India, has left the firm to found his own private equity firm Avatar Growth Capital Partners.