Asia
OTPP promotes Bruce Crane to Asia head
Ontario Teachers' Pension Plan (OTPP) has appointed Bruce Crane as executive managing director and head of Asia Pacific following the retirement of Ben Chan earlier this month.
Deal focus: LeapFrog taps Asian appetite for impact
A multi-fund commitment from Hong Kong’s AIA Group to LeapFrog Investments underscores growing interest in impact strategies among Asian LPs as they hone social mandates
KKR shuffles senior roles in Asia
KKR has reorganised its Asia leadership team, with Ming Lu, the firm’s regional head, Hiro Hirano, the co-head of private equity, set to become executive chairman and deputy executive chairman, respectively.
TA closes latest global fund at $16.5b hard cap
TA Associates, a global growth-oriented investor with an Asia portfolio that is relatively heavy on India and Australia, has closed its 15th fund at the hard cap of USD 16.5bn after seven months in the market.
Start-up banking: Filling an SVB-shaped hole
Silicon Valley Bank was arguably the only institution globally to comprehensively service the unique banking needs of start-ups. In its absence, a mix of players are rising to the challenge
LPs eye secondaries to meet liquidity, rebalancing needs - Coller
Generating liquidity and rebalancing portfolios are the overwhelming priorities for LPs looking to sell in the secondaries market in the next two years, according to Coller Capital’s latest private equity barometer survey.
Ex-Eaton Asia head targets asset management, GP stakes
Chris Lerner, formerly of Eaton Partners and MSA Capital, has established an asset management operation that will ultimately raise an Asian fund-of-funds and teamed up with US-based Bonaccord Capital Partners to expand its GP stakes business into the...
NewQuest, GIC back Everbridge's South Asia continuation fund
NewQuest Capital Partners and GIC have supported a USD 267m continuation fund for Capital Group Private Markets spinout Everbridge Partners, two years after a larger deal involving some of the same assets failed to close amid portfolio volatility.
Energy transition: An emerging speciality
Kerogen Capital is trying to plot a more nuanced course into energy transition than building renewables. It is one of a growing number of nascent specialists in the space.
Jefferies hires Dennis Kwan to lead Asia secondaries advisory
Dennis Kwan, formerly of Chinese private equity firm Harvest Investments Management and placement agent MVision, has joined boutique investment bank Jefferies to lead secondaries coverage in Asia.
Global LPs steer clear of China - Mergermarket Forum
Geopolitical uncertainty is making global institutional investors increasingly risk-off on Asian private equity – and on China in particular – at a time when overallocation issues are already restraining the pace of commitments to the asset class.
Q&A: ShawKwei & Partners’ Kyle Shaw
Kyle Shaw, founder and managing partner of ShawKwei & Partners, on bright spots in industrial manufacturing and becoming more Southeast Asia-centric as supply chains reduce China exposure
QIA recruits Asia-focused portfolio manager from CPPIB
Qatar Investment Authority (QIA) has recruited Nicholas Low, previously an Asia-focused investment professional at Canada Pension Plan Investment Board (CPPIB), to work on its global venture and growth funds platform.
BDA recruits Asia secondaries specialist
BDA Partners, a global boutique investment bank that focuses on Asia, has entered the private capital advisory (PCA) space with the appointment of secondaries specialist Dominik Woessner.
BPEA EQT, Nord Anglia buy sports education brand
BPEA EQT and Nord Anglia Education, one of its portfolio companies, have agreed to acquire IMG Academy – originally known as Nick Bollettieri Tennis Academy – for an enterprise valuation of USD 1.25bn.
Fund focus: Aquilius targets Asia’s secondaries gap
Aquilius Investment Partners, a real estate secondaries investor, is tracking significant, opportunistic private equity deal flow in the current exit malaise. Diversification is the theme of the maiden fund
Aquilius closes debut Asia secondaries fund on $400m
Singapore’s Aquilius Investment Partners, an Asia secondaries specialist set up in 2021 by former executives of Partners Group and The Blackstone Group, has closed its debut fund on USD 400m.
1Q analysis: Barely disguised weakness
Government guidance funds in China and Toshiba Corporation in Japan papered over obvious cracks in Asia private equity fundraising and investment. Nothing could hide the pain around exits
Asia fundraising: To the grindstone
As macro uncertainties add red tape to fundraising processes and oblige some managers to operate on a deal-by-deal basis, the improvisational, survivalist nature of Asian private equity is on display