Appointments
CVC appoints Yi Luo as China head
CVC Capital Partners has recruited Yi Luo, formerly of The Blackstone Group, as partner and head of China. He began his new role in February.
Ex-Alibaba VP Herbert Chia joins Sequoia China
Herbert Chia, formerly head of the data committee and vice president at Alibaba Group, has joined Sequoia China as a venture partner to focus on investing in big data start-ups.
DCM China co-founder Ruby Lu joins H Capital
Ruby Lu, co-founder and general partner at DCM China, has joined H Capital, a China-focused venture capital firm founded by Xiaohong Chen, ex-China managing partner at Tiger Global Management.
Hamilton Lane appoints three managing directors in Asia
Hamilton Lane has promoted three Asia-based professionals – Tomoko Kitao, Mingchen Xia (pictured) and Josh Jacob – to managing director.
Indian GP Samara recruits partner from Levi Strauss
Samara Capital has named Sanjay Purohit, the managing director for India at global clothing manufacturer Levi Strauss, as a partner.
Temasek makes organizational changes, promotions
Singapore’s Temasek Holdings has combined its sector and market investment teams under a single investment group – promoting to president the two executives who will run this division – and created a new portfolio strategy and risk group in response...
Matrix co-founder leaves to start new firm
Rishi Navani, co-founder of Matrix Partners India, has left the GP to start a new investment practice, Epiq Capital.
Singapore's GIC appoints CIO for private equity
Singapore’s GIC Private has named Yong-Cheen Choo as chief investment officer for private equity, one of five new roles created to enhance the sovereign wealth fund’s investment capabilities.
SoftBank defends under fire COO Nikesh Arora
Japanese technology conglomerate SoftBank has spoken out in defense of Nikesh Arora, its president and COO - and presumed successor to CEO Masayoshi Son - who has been accused of conflict of interest and poor investment performance.
Two thirds of Asia PE professionals expect pay rises in 2016 - survey
Nearly two thirds of private equity professionals in the Asia Pacific region expect an increase in base salary this year, with mid-level executives – vice presidents, principals and directors – the biggest driver.
Legacy issues: GP succession planning
Succession planning issues are relatively few in Asian private equity, but that will change - and what GPs do to retain the next generation leadership will increasingly come under the spotlight
Ex-Adams Street partner joins Noah Holdings as co-CIO
Piau-Voon Wang, formerly a partner and head of Asian investments at Adams Street Partners, has been appointed as co-CIO for Chinese wealth manager Noah Holdings.
Ex-Warburg Pincus China head David Li joins Ucar
David Li, former managing director and head of China at Warburg Pincus, has joined the PE firm’s portfolio company Ucar, a Chinese chauffeured car service provider, as vice chairman.
Bain rebrands Sankaty and Brookside, shuffles leadership
Bain Capital has rebranded its credit investment and public equities divisions – Sankaty Advisors and Brookside Capital – under the Bain Capital name and announced changes to its senior leadership.
Ex-Capstone executive joins PE-backed CompareAsiaGroup
CompareAsiaGroup, an online financial comparison platform that last year received a $40 million round led by Goldman Sachs, has appointed former KKR executive Sam Allen as its CEO.
Australia's MLC loses private equity head
Natalie Meyenn has stepped down as head of private equity at MLC, the wealth management arm of the National Australia Bank (NAB).
Blackstone changes up Asia leadership
The Blackstone Group has appointed Chris Heady as chairman for the Asia Pacific region. He will retain his existing responsibilities as head of real estate in the region.
EIG hires KKR's Rex Chung as co-head of Asia
EIG Global Energy Partners has hired Rex Chung, formerly of KKR, as managing director and co-head of Asia. He will be based in Hong Kong.
Healthcare specialist TVM boosts Southeast Asia coverage
TVM Capital Healthcare Partners, which focuses on healthcare investments in emerging markets, has deepened its coverage of Southeast Asia with the appointment of one operating partner and two senior advisors in Singapore.
TPG hires ex-CHAMP director Joel Thickins as Australia head
TPG Capital has appointed Joel Thickins, formerly a director at CHAMP Private Equity, as new Australia country head.
Japan's GPIF appoints new president
Japan’s Government Pension Investment Fund (GPIF) has appointed Norihiro Takahashi, a long-standing executive at Norinchukin Bank, as its president.
NewQuest reaches first close on Fund III, hires ex-CVC executive
Direct secondaries specialist NewQuest Capital Partners has reached a first close of just over $500 million on its third fund, beating the initial target for the entire vehicle.
Spring Capital founder Vincent Chan joins Samena
Vincent Chan, founder of China-focused GP Spring Capital, has been appointed senior managing director and head of Asia at Samena Capital.
Oaktree opens Australia office
Oaktree Capital Group has opened its first office in Australia, with Byron Beath, previously of Macquarie Bank, appointed to lead investment activities in the region.