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SVCA Awards, Hall of Fame showcase Singapore's private equity and VC brightest
The Singapore Venture Capital and Private Equity Association (SVCA) has released the results of its inaugural SVCA Annual Awards, with winners recognized in four categories, as well as inducting five local VC and private equity pioneers into its Hall...
After SpiceJet, Ross may invest India's Kingfisher Airlines
Leading US investor Wilbur Ross may be seeking to follow his successful investment in, and exit from, Indian budget carrier SpiceJet by investing some $100-150 million into debt-saddled peer Kingfisher Airlines, according to Indian media.
Singapore's National Research Foundation plans startup fund
The National Research Foundation (NRI) of Singapore is to put S$50 million ($38.1 million) into a startup funding scheme to attract experienced entrepreneurial talent to the city-state and support locally-established startup companies, according to NRF...
Angelo, Gordon hires Filippelis for Australia & New Zealand
Angelo, Gordon & Co, the New York-headquartered alternative investment firm, has recruited Phillip Filippelis, an ex-asset manager at French bank Societe Generale, as MD who will be responsible for business development in Australia and New Zealand.
King takes over for Asia Pacific M&A at Barclays Capital
Following earlier reports of his departure from the top Asian M&A role at Morgan Stanley, Edward King has now formally joined Barclays Capital as MD at its Mergers & Acquisitions, IBD Asia Pacific department.
London's MaxCap appoints Syed for family office APAC exposure
London-headquartered multi-family office and investment management group MaxCap Partners has announced the engagement of Mohammad Kamal Syed as its CEO, emphasizing his experience in Asia Pacific markets, while founding CEO Michael George steps down to...
Gulf hospitality still lures private equity as Colony eyes MENA
Colony Capital chairman and chief executive Thomas J Barrack has said that his firm will look for investments in the hospitality and consumer sectors throughout the Gulf over the next five years.
Fortress moves Levinson to Singapore for Asia push
Fortress Investment Group is transferring co-CIO of its global macro funds Adam Levinson to Singapore to lead a new office of around 10 personnel, which will build out the firm’s Asia presence.
Carlyle’s Marumo moves to Lazard
Masato Marumo, formerly an MD with Carlyle Group, who left the firm's Japan office earlier this year, has now joined Lazard Ltd. in Tokyo as an MD, where he will work closely with Yasu Hatakeyama, President and CEO of Lazard Frères Japan.
WI Harper appoints two scientists as advisory board members
Longstanding China PE firm WI Harper Group has invited Dr. Ge Li, founder, chairman and CEO of WuXi Pharmatech, and Dr. Gordon Huang, an expert in green energy, to join its advisory board.
Blue Sky engages Bain's Shand as associate director
Australia's Blue Sky Private Equity, the SME- and mid-cap-focused direct investment arm of Brisbane's BlueSky Funds Management, has recruited Robert Shand, formerly a consultant with Bain & Co., as an associate director.
Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
GP/LP Faceoff: Investing Indonesia
AVCJ spoke to four prominent GPs and LPs to ascertain their real thoughts on investments into Indonesia.
Ashok Aram departs Abraaj Capital, returns to Deutsche Bank
Middle Eastern PE major Abraaj Capital’s MD Ashok Aram has resigned from the firm to join Deutsche Bank as its CEO for its Middle East and North Africa business.
Australia's Future Fund GM Paul Costello to depart
The GM of Australian sovereign wealth fund Future Fund Management Agency, Paul Costello, has handed in his resignation, leaving the A$87 billion ($82.3 billion) fund looking hard to find a replacement by the year’s end.
HSBC PE Asia spins out to management
HSBC has followed through on its plan, first discussed internally in June this year, to spin out its private equity divisions, at least in Asia, with the sale by HSBC Holdings of 80.1% of HSBC Private Equity (Asia) Ltd. to Foci Holdings, an SPV backed...
Banks far down the spinout trail?
HSBC Private Equity Asia's spinout comes as no surprise.
HSBC sells HSBC Private Equity Asia unit to management
HSBC Holdings has announced the sale of 80.1% of HSBC Private Equity (Asia) Ltd. to the management team of HSBC Private Equity, for a price tag of around $18.8 million, executing a spinout plan first reported in June.
StepStone opens Beijing office, recruits Su for Managing Director role
Leading customized portfolio management and fund of funds firm StepStone Group has appointed Weichou Su, formerly an MD with China-focused investment banking and private equity firm the Hina Group, as Managing Director for its new Beijing office, which...
Eredene Capital appoints Paul Gismondi, Robert Arnold as non-Executive Directors
India- and infrastructure-focused PE fund Eredene Capital has appointed Lazard & Co. MD Paul Gismondi and former Willis Faber & Dumas partner Robert Arnold as non-Executive Directors.
CDC under scrutiny for Asia, other expenses
The UK's development policy investor Commonwealth Development Corporation (CDC), which participates in many Asia-focused funds, is under review by the UK International Development Secretary Andrew Mitchell, following press enquiries about its staff's...
Advent recruits former Thermax MD Kulkarni as advisor
International mid-market private equity investor Advent International has recruited Prakash Kulkarni, former MD of Thermax, India's leading boiler manufacturer, as an advisor in its operating partner program.
Industry Q&A: Keith Larson, Intel Capital
Keith Larson, VP and MD for the Manufacturing Sector at Intel Capital, talks about how truly world-class technology, electronics and gadget companies are making Asia – all of Asia – the place to look for the next, best thing.
CICC loses talent as KKR, TPG deal nears
The $1 billion-plus sale of Morgan Stanley's 34.3% stake in leading PRC i-bank China International Capital Corp (CICC) to Kohlberg Kravis Roberts & Co. and TPG Capital appears to be coinciding with a talent flight from the bank, as the bank moves to allow...