Appointments
CDIB hires senior team from SMC Capital
Three of the senior management team at SMC Capital China - a GP launched by Hong Kong-based Simon Murray & Company (SMC) - have left to join CDIB Capital, the PE arm of Taiwan’s China Development Financial.
Sigit Prasetya named head of CVC Asia, Roy Kuan to retire
Sigit Prasetya (pictured) has taken over as head of Asia at CVC Capital Partners as part of a broader restructuring of senior management that will see Roy Kuan, currently managing partner for the region, retire from the firm.
CVC appoints Sumitomo Mitsui executive as Japan president
CVC Capital partners has named Nobuaki Kurumatani, a former executive at Sumitomo Mitsui Financial Group, as the president of its Japan operations.
Private to public: Indonesia taps PE talent for government
Saratoga Capital's Sandiaga Uno is the latest Indonesian PE professional to enter public service following his election as deputy governor of Jakarta. This trend is a function of a relatively shallow talent pool
Neuberger Berman launches onshore China unit
Neuberger Berman has established an onshore investment management business in China that is expected to enable the firm to distribute private fund products to local clients.
Saratoga's Uno elected deputy governor of Jakarta
Sandiaga Uno, one of the founding partners of Indonesia-focused GP Saratoga Capital, has been elected deputy governor of Jakarta. Uno and his running mate Anies Baswedan (pictured right, with Uno), a former education minister, secured a comprehensive...
Pay rises level off in Asian private equity - survey
The increases in private equity compensation seen at all levels in recent years appear to be abating, with only about one third of industry professionals reporting a jump in base salary in 2016 over the previous year.
Providence to scale back India operations
Providence Equity Partners, which invests globally in communications and media-related companies, is scaling back its India business, with country head Biswajit Subramanian (pictured) set to leave the firm.
Riverside promotes Steven Spiteri to partner in Australia
The Riverside Company has appointed a second partner in six months in Australia, with the promotion of Steven Spiteri, who has been with the firm since 2010.
Ex-MBK Greater China head to launch private equity firm
Kuo-Chan Kung, former head of Greater China at MBK Partners (pictured), is launching his own private equity firm called Nexus Point Partners.
Germany's Hubert Burda seeks Series B deals in SE Asia
The investment arm of Hubert Burda Media, a European technology and media company that has made LP commitments to several Southeast Asia-focused venture capital funds, has opened an office in Singapore.
CVC to open India office
CVC Capital Partners is planning to open its first India office as it aims to grow its business in the country, AVCJ understands.
GGV adds new managing partner Eric Xu
GGV Capital has appointed Eric Xu (pictured), former managing director of SIG Investment Asia, as managing partner in its Shanghai office.
Ex-HarbourVest Asia head withdraws candidacy for US navy secretary
Philip Bilden, the former Asia head of HarbourVest Partners, has withdrawn himself from consideration to be US navy secretary, citing potential conflicts with his family’s business interests.
China’s Meituan-Dianping launches $436m consumer fund
Meituan-Dianping, a China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has launched a RMB3 billion ($436 million) fund that will make early-stage consumer sector investments.
500 Startups appoints Edith Yeung as Greater China partner
Silicon Valley-based early-stage investor 500 Startups has appointed Edith Yeung as Greater China partner, replacing Rui Ma who left the firm last year to launch her own fund.
Private debt player Pricoa establishes a presence in Australia
Pricoa Capital Group, a private debt investment group under PGIM, Prudential Financial’s global asset management business, has established a team in Sydney to target middle market opportunities in Australia and New Zealand.
Blackstone's India co-head leaves to run own firm
Matthew Cyriac (pictured), co-head of The Blackstone Group’s India private equity team, has left the firm to run his own asset management business.
Former SCPE ASEAN head Bert Kwan joins Northstar
Bert Kwan, who served as head of ASEAN private equity at Standard Chartered Private Equity (SCPE) until November of last year, has joined Northstar Group as a managing director.
Wipro executive to become CIO of India's Premji Invest
T.K. Kurien, the vice-chairman of Indian IT services company Wipro Group, has been named managing partner and chief investment officer at Premji Invest, the family office of Wipro chairman Azim Premji (pictured).
Baird Capital appoints Asia partner
Baird Capital, the direct private investment arm of Robert W. Baird & Co, has recruited Andy Tse, formerly managing director of AIF Capital, as a partner.
Skadden hires Asia fund formation partner from Ropes
Skadden has appointed Geoffrey Chan, formerly head of the Asia private investment funds practice at Ropes & Gray, as partner and head of its Asia Pacific investment management practice.
Carlyle promotes SE Asia buyout head Sunil Kaul to partner
The Carlyle Group has promoted Sunil Kaul (pictured), who leads buyout operations in Southeast Asia, from managing director to partner. His is one of 62 senior promotions announced by the firm, of which 15 are Asia-based professionals.
Korea Teachers' Pension appoints new CIO
Korea Teachers’ Pension has appointed David Park, formerly CIO of Allianz Life Insurance Korea, as its new chief investment officer. His two-year term began on January 2.