Silicon Valley-based seed-stage accelerator Y Combinator (YC) has chosen Qi Lu, the former group president and COO of search giant Baidu, as the founding CEO of its China branch, YC China.
Malaysian sovereign wealth fund Khazanah Nasional has appointed Datuk Shahril Ridza Ridzuan, CEO of state-controlled Employees Provident Fund (EPF), as its new managing director.
BGH, the Australia and New Zealand-focused private equity firm set up by former TPG Capital Asia co-head Ben Gray, has hired Jonathan Chamberlain, a managing director at The Blackstone Group, as a partner.
Sanjay Gujral, a former executive director at Everstone Capital who left the firm to join the management team at L Catterton Asia, has returned to the GP to serve as COO.
Malaysian sovereign wealth fund Khazanah Nasional has confirmed that its entire board of directors is willing to resign. It comes as a newly elected government looks to curb corruption in state investment programs.
Connie Chan (pictured), the executive at US venture capital firm Andreessen Horowitz responsible for managing the Asian network, has been promoted to general partner.
Pantheon has opened an office in Tokyo, having won separate account mandates from the likes of Japan’s Government Pension Investment Fund (GPIF).
Intermediate Capital Group (ICG) has appointed Escamillo Lin, formerly of CDH Investments, as managing director and head of Southeast Asia for private equity and mezzanine.
Hideyuki Inokuma, who as chief administrative officer at Advantage Partners is responsible for investor relations as well as middle and back-office functions, is to retire from the Japan-based firm.
Malaysia-based Affin Hwang Asset Management has launched a private equity arm under the name Bintang Capital Partners.
Ropes & Gray has appointed Chune Loong Lum as a counsel with its private investment funds practice in Hong Kong. He is rejoining the firm after an approximately one-year stint with Skadden.
Gobi Partners has strengthened its ASEAN team with the appointment of Dan Chong as COO for the region and the recruitment of two partners for its ASEAN and Thailand funds.
AGIC Capital, a private equity firm focused on China-Europe cross-border investments, has opened an office in London to access new investment opportunities and grow its investor base.
New Zealand Superannuation (NZ Super) has appointed its CIO Matt Whineray as CEO following a global search process.
Nazrin Hassan, CEO of Cradle Fund, died on June 14 due to blast injuries incurred when his mobile phone exploded, the Malaysian venture capital firm has confirmed.
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.
The Carlyle Group has hired Robby Winarta as a managing director for Indonesia and Long Hoang as a director for Vietnam.
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.