Appointments
General Atlantic promotes Mumbai-based Sood to principal
General Atlantic has promoted Mumbai-based Rajat Sood to principal. He has been with the firm since 2007 and was previously vice president.
HarbourVest opens Korea office
HarbourVest Partners has opened an office in Seoul. It will be led by Minjun Chung, who is already responsible for investment opportunities and client relations in South Korea.
Adams Street names Yar-Ping Soo Asia investment team head
Yar-Ping Soo, a partner with Adams Street Partners, has been appointed head of the firm’s Asian investment team, succeeding Piau-Voon Wang, who will become a senior advisor.
India's ICICI Venture appoints new CEO
India-based ICICI Venture has appointed Prashant Purker as managing director and CEO. He replaces Vishakha Mulye, who recently moved to parent group ICICI Bank as executive director.
Australia-based Simon Moore to leave Carlyle - report
Simon Moore, a managing director with The Carlyle Group’s Asia buyout team in Sydney, will reportedly not stay with the firm beyond the life of the current fund.
India's NSR promotes Arvind Malhan to partner
Indian growth-stage private equity firm New Silk Route (NSR) has promoted Arvind Malhan to partner.
CHAMP's Ferris to lead Innovation Australia
Bill Ferris, co-chairman and co-founding partner of CHAMP Private Equity, has been appointed chairman of Innovation Australia, an independent, government-established body with a mandate that includes supporting start-ups and venture capital.
Hamilton Lane opens Korea office
Hamilton Lane has opened an office in Seoul, the firm's 12th globally. It will be headed by Sung-ji An, who is relocating from Hong Kong.
Morrison & Foerster hires fund formation lawyer from Proskauer
Morrison & Foerster has hired Jason Nelms as a Hong Kong-based partner in its global fund formation practice. He joins from Proskauer in New York.
HarbourVest makes two promotions in Asia
HarbourVest Partners has promoted two Asia-based professionals – Minjun Chung and Kanji Takenaka, who focus on South Korea and Japan, respectively – to principal.
Placement agent First Avenue opens Hong Kong office
Private placement agent and advisory firm First Avenue has opened an office in Hong Kong. It will be led by Michael Henningsen, previously a managing director at Park Hill Group.
Money troubles: PE compensation
A lack of transparency over compensation - or just a lack of compensation - is partly responsible for the still relatively high turnover in Asian private equity
OTPP funds director named ILPA chair
Tanya Carmichael, director of global funds and private capital for the Ontario Teachers' Pension Plan (OTPP), has been appointed to chair the board of directors for the Institutional Limited Partners Association (ILPA).
Korea's NPS loses chairman, CIO
South Korea’s National Pension Service (NPS) is recruiting a new chairman and CIO after the two incumbents stepped down due to tensions over strategy.
Adams Street's PV Wang to step back
Piau-Voon Wang, a partner at Adams Street Partners who opened the firm’s Singapore office in 2006, is stepping back and transitioning to an advisory role.
Shaw Kwei strengthens Hong Kong team
Middle market Asian PE firm Shaw Kwei & Partners has hired Brian Lau as an executive director based in its Hong Kong office.
Asian GPs should share the wealth internally - AVCJ Forum
The Asian private equity talent pool is deepening but GPs must ensure their compensation schemes are well balanced in order to retain mid-level staff, industry participants told the AVCJ Forum.
Carlyle appoints SE Asia head, fires Indonesia deal-maker
The Carlyle Group has promoted Sunil Kaul to head of its Southeast Asia buyout operations following the sacking of Indonesia-focused Rajiv Louis, who was sanctioned for insider-trading activities while working at UBS.
India-focused ASK Capital names Evan Gallagher as CEO
India’s ASK Group has appointed Evan Gallagher, formerly of IDFC Alternatives, as CEO of Singapore-based ASK Capital Management.
Vertex Ventures appoints India head
Vertex Ventures, a VC firm controlled by Singapore’s Temasek Holdings, has appointed Ben Mathias as managing director and head of India. He joins from New Enterprise Associates.
CDIB Capital appoints Steven Wu as managing director
CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), has appointed Steven Wu as managing director.
Asia PE recruitment: Building blocks
As private equity continues to evolve in Asia, GPs want to recruit people with a wider array of talents – but industry participants are split on what skills these new hires should focus upon, and where to find them
OTPP names Nicole Musicco as Asia head
Ontario Teachers' Pension Plan (OTPP) has appointed Nicole Musicco as managing director for Asia-Pacific and head of the Hong Kong office.
Ratan Tata joins IDG Ventures India as advisor
Ratan Tata - chairman emeritus of Tata Sons, holding company for India conglomerate Tata Group - has joined IDG Ventures India as a senior advisor.