Appointments
Succession planning: Ending an era
Succession planning is quickly becoming a strategic priority across Asia Pacific. In Australia, GPs are looking into a number of different ways to make it work
TPG hires Chang Sun as China head
TPG Capital has appointed Chang Sun, who spent 20 years at Warburg Pincus in China before setting up agriculture-focused PE firm Black Soil, as its managing partner for China.
Jeneration Capital hires former Coatue Asia head
Jeneration Capital Management, which sources the bulk of its funding from Chinese technology entrepreneurs, has appointed Tony Zhang as a partner. He was previously head of Asia at Coatue Management.
Moving time: How VCs replace start-up CEOs
From Uber to Flipkart, there are high-profile examples of founders being replaced as CEOs of their start-ups. It isn’t common practice in Asia, and for reasons of corporate culture, this isn’t likely to change
Blackstone hires ex-JP Morgan banker as Japan chairman
The Blackstone Group has appointed Katsuyuki Kuki, who previously spent nine years as an investment banker with J.P. Morgan, as its chairman and representative director for Japan.
Partners Group appoints Japan head
Partners Group has appointed Shunsuke Tanahashi (pictured) as head of the private equity firm’s Japanese business.
Aberdeen Standard Investments names new China head
Aberdeen Standard Investments, a new global asset manager created by the merger of Aberdeen Asset Management and Standard Life Investments, has named a China head to strengthen the firm’s relationships with Chinese investors.
KKR opens Shanghai office
KKR has opened an office in Shanghai, its third base in Greater China and eighth in Asia Pacific. The move comes two months after the firm closed its third pan-regional fund at $9.3 billion.
General Atlantic hires ex-ambassador to boost SE Asia coverage
General Atlantic has named its second Asia-based special advisor in a month with the appointment of John A. Prasetio (pictured) to help develop business opportunities in Southeast Asia, with a particular focus on Indonesia.
InnoVen co-founders launch India venture debt fund
Ajay Hattangdi (pictured) and Vinod Murali, co-founders of venture debt firm InnoVen Capital, have established their own India venture debt business and are looking to raise a $155 million fund, including a $30 million greenshoe option.
Korea's NPS loses CIO
The CIO of South Korea’s National Pension Service (NPS) has submitted his resignation, seven months before the end of his two-year tenure.
Hamilton Lane opens Australia office
Hamilton Lane has opened an office in Sydney and hired James Martin, who previously spent five years at Partners Group focusing on institutional sales and deal origination, to lead local operations.
KKR's Joe Bae elevated to senior leadership role
Joe Bae (pictured), who has spent the last 12 years building out KKR’s Asian operation, has been named co-president and co-COO of the firm as co-founders Henry Kravis and George Roberts prepare to hand over leadership to the next generation.
General Atlantic names ex-HKMA executive as special advisor
General Atlantic has appointed Yong Hak Huh, founder and CEO of First Bridge Strategies and formerly CIO of private markets and direct investment at the Hong Kong Monetary Authority (HKMA), as a special advisor.
Deutsche's Jason Sambanju launches secondaries firm
Jason Sambanju, the former head of Asian private equity secondaries at Deutsche Bank, has launched his own investment firm – Foundation Private Equity – which will pursue secondary opportunities in the region.
NewQuest opens India office
Dedicated Asia secondaries investor NewQuest Capital Partners has opened an office in Mumbai, its third in the region. The firm has invested $200 million in India over the last two years and expects its investment pace to increase in the near term.
KKR hires Blackstone MD to lead Japan capital markets team
KKR has selected Go Yamashita, a former managing director with The Blackstone Group, to head the KKR Capital Markets (KCM) team in Japan.
Co-founders depart India VC debt provider InnoVen
Ajay Hattangdi (pictured), co-founder, group CEO and COO for India at venture debt firm InnoVen Capital, has left the firm along with co-founder and deputy CEO Vinod Murali. They plan to launch a fund of their own.
FountainVest hires ex-Goldman banker as MD
China-focused private equity firm FountainVest Partners has appointed Andrew Huang, formerly head of China M&A at Goldman Sachs, as a managing director.
Sequoia India hires Deutsche Bank tech investor as MD
Sequoia Capital has hired Piyush Gupta, the former head of technology, media and telecom (TMT) investment banking at Deutsche Bank, as a managing director in its India unit.
Campbell Lutyens adds former GIC executive to advisory board
Placement agent and secondary transaction advisor Campbell Lutyens has appointed Kok-Peng Teh, formerly head of the special investments division at GIC Private, to its advisory board.
Placement agent First Avenue opens Korea office
Private funds and corporate placement agent First Avenue has opened an office in Seoul, adding to its existing Asia Pacific bases in Hong Kong and Sydney.
India's IL&FS names new CEO for PE unit
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing & Financial Services (IL&FS, has appointed Krishna Kumar, previously a senior managing partner, as CEO.
Frontline BioVentures merges with WuXi Ventures
Chinese healthcare specialists Frontline BioVentures and WuXi Healthcare Ventures have merged, forming a new investment firm called 6 Dimensions Capital.