North America
Q&A: CalSTRS' Christopher Ailman
Christopher Ailman, CIO of the California State Teachers’ Retirement System (CalSTRS), explains how his organization’s approach to ESG has evolved and what this means for portfolio managers
LP interview: PERA New Mexico
The Public Employees Retirement Association of New Mexico has seen its private equity portfolio outperform in recent years, but the program is still being revised. CIO Jonathan Grabel explains why
Foreign internet players in China: After Uber
Uber's experience in China suggests that foreign internet companies should be careful when picking their battles and wherever possible emphasize the international angle
PE-backed Chinese consortium buys Caesars games business for $4.4b
Yunfeng Capital, Hony Capital and CDH Investments' wealth management platform are part of a consortium that has agreed to buy Caesars Interactive Entertainment’s (CIE) social and mobile games business for $4.4 billion in cash.
US-based Wonder Workshop raises $20m for China push
Wonder Workshop, the children's robotics manufacturer that recently agreed a distribution partnership with Chinese online retailer JD.com, has raised a $20 million Series B round to support further expansion in China.
Hamilton Lane closes global fund-of-funds at $516m
Hamilton Lane has closed its latest global fund-of-funds at $516 million, exceeding a target of $400 million on the back of strong international investor interest.
GPs must be prepared to listen when pitching family offices - AVCJ Forum
Private equity firms must take the time to understand their audience when pitching funds to family offices, leading industry practitioners told the AVCJ USA Forum.
Asia more attractive due to Western dysfunction - AVCJ Forum
The Asia opportunity for private equity has become all the more compelling for the political uncertainty blighting Western markets, investors told the AVCJ USA Forum.
Brookfield closes $14b global infrastructure fund
Canada’s Brookfield Asset Management has achieved a final close of $14 billion for a global infrastructure fund, exceeding the vehicle’s original target corpus of $10 billion.
Baring Asia, Onex buy Thomson Reuters unit for $3.5b
Baring Private Equity Asia and Canadian buyout firm Onex Corporation have agreed to acquire Thomson Reuters’ Intellectual Property and Science (IP&S) business for $3.5 billion.
Tipping points: Asian LPs target the US
While global private equity firms have well-established channels for tapping Asian institutional investors, it continues to be challenging for LPs from this region to access North America's middle-market managers
Cross-border VC: Changes in the wind
US-China cross border investment continues to present exciting opportunities for venture capital firms targeting technology start-ups, but investors must keep up with the pace of the market’s transformation
Not-so private equity: An industry responds to US regulation
As regulatory pressure to increase fee transparency among US private equity funds ramps up, the industry will have to learn how to follow new rules, even as they’re being formed
American dreams: China targets US semiconductor assets
Chinese interest in semiconductor assets has again put the Committee on Foreign Investment in the US under the spotlight. Not all deals get through, but corporate China is generally braver and better informed
DCM closes Asia-US fund at $500m hard cap
DCM has closed its latest global fund, which primarily targets investments in China and the US, at the hard cap of $500 million.
Deal focus: IDG backs Circle’s payments play
Circle is ready to test its blockchain-based online peer-to-peer payments platform in China, with support from a string of local financial and strategic investors
Altius to be sold to Canada’s Pavilion Financial
Canadian investment services firm Pavilion Financial has agreed to acquire Altius Associates, a PE advisor and fund manager with a presence across Asia Pacific, Europe and North America.
CPPIB appoints Suyi Kim Asia head, names new regional PE lead
Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim and Deborah Orida as managing director, head of Asia and managing director, head of private equity Asia, respectively.
OrbiMed, Chinese strategic to buy Canadian healthcare player
OrbiMed will consolidate its control of Canada-listed clinical equipment producer Response Biomedical in an C$11.1 million ($8.6 million) take-private deal including participation by Shanghai Runda Medical Technology.
Chinese consortium in $2.75b deal for NXP Semiconductors unit
NXP Semiconductors, a Dutch chip maker listed in the US, has agreed to sell its standard products business to Chinese state-owned private equity firm Jianguang Asset Management (JAC Capital) and Wise Road Capital for $2.75 billion.
Hamilton Lane closes $210m global credit fund
Hamilton Lane has raised $210 million for a credit-focused strategic opportunities fund, exceeding the initial target of $150 million.
Chinese strategic to buy VC-backed US marketing platform
Spearhead Integrated Marketing Communication Group, a Beijing-based offline marketing service provider, will buy Smaato, a California-based mobile ad exchange backed by Singapore's EDB Investments (EDBI) and Singapore Press Holdings.
Navis acquires Macau-based ISA Industrial
Navis Capital Partners has agreed to acquire a controlling stake in Macau-based footwear component supplier ISA Industrial.
Brookfield closes $4b global fund
Brookfield Asset Management has reached a final close of $4 billion on its fourth global private equity fund.