Asia
Investors weigh maneuvering options in response to global volatility – AVCJ Forum
Recent signs of global volatility have prompted PE investors to consider a divergence in business dynamics and economic trajectories between the US and Europe and Asia, industry participants told the AVCJ Forum.
China's CIC to step up overseas direct investments
Sovereign wealth fund China Investment Corporation (CIC) plans to accelerate the pace of its overseas direct investments, with a view to supporting Chinese economic modernization.
GPs see the Asia risk premium narrowing - AVCJ Forum
Private equity investors still expect a risk premium in Asia, although given uncertainty in Western markets and the relative stability in Asia’s more mature economies, it is debatable how long the status quo will last, industry participants told the...
Two wins apiece for Quadrant, PAG, Affinity at AVCJ Awards
Quadrant Private Equity and PAG Asia Capital secured two wins apiece at the 2016 AVCJ Private Equity & Venture Capital Awards, with the former taking the firm of the year and mid-cap fundraise prizes, while the latter was recognized in the deal of the...
Asian private equity: The state we're in
Based on current progress, Asia is unlikely to match the last year's fundraising, investment and exit totals in 2016. But the fundamentals that underpin most PE opportunities in the region are still there
Asia’s LP landscape
Asia is increasingly a target for private equity firms on the fundraising trail, but the region’s LP base can be difficult to penetrate, with huge variations in size, appetite and sophistication
Transition time: Succession planning in private equity
Asian GPs face increased scrutiny on succession planning as LPs seek to distinguish franchises that are sustainable from those that are not. For some founders, sharing economics and power isn’t easy
KKR launches third Asian fund
KKR has launched its third pan-Asian fund, which has a target of up to $7 billion. The private placement memorandum was issued last week, according to a source familiar with the situation.
Joe Stevens, Bert Kwan leave Standard Chartered PE
Standard Chartered Private Equity (SCPE) CEO Joe Stevens and Bert Kwan, who was responsible for investment activity in Southeast Asia, have both left the firm. This leaves Nainesh Jaisingh in sole charge of the bank’s PE unit.
Ropes & Gray adds partner to Asia private funds practice
Vincent Ip, a Hong Kong-based partner with Ropes & Gray’s private investment funds group, has been promoted to partner.
IFC proposes $100m commitment to Actis energy fund
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $100 million investment in Actis Capital's latest emerging markets energy fund.
Sixpoint hires Diamond Dragon's Tan to head Asia distribution
Placement agent and secondaries advisory firm Sixpoint Partners has appointed Joan Tan, formerly of Diamond Dragon Advisors, as managing director and head of Asian distribution.
PAG backs restaurant chain Paradise Group
PAG Asia Capital has agreed to invest in Paradise Group Holdings, a Southeast Asia-based restaurant chain with over a dozen brands and more than 60 outlets.
3Q analysis: Deep pockets of the state
Fundraising hits a record quarterly high, thanks entirely to Chinese government-backed vehicles; Australia, Southeast Asia compensate for investment slowdown in China; India shines on exits
AVCJ Awards 2016 - Voting has closed
Voting for the 2016 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation.
ESG: Digging deeper
Comprehensive adoption of responsible investment protocols in private equity is being driven by a handful of players within the global LP community. They must continue to establish industry best practice
Deal focus: Tricor attracts a scarcity premium
Permira fought off the competition to secure Hong Kong-headquartered corporate and investor services provider Tricor Global. Now the GP plans to pursue a buy-and-build strategy
Singapore’s New Silkroutes launches private equity JV
Singapore-listed energy trading company New Silkroutes Group (NSG) has formed a joint venture with three parties to develop private equity funds targeting healthcare and infrastructure in emerging and developed Asia.
Permira to buy Hong Kong-based corporate services provider for $835m
Permira has agreed to buy Tricor Holdings, a Hong Kong-headquartered business, corporate and investor services provider, from Bank of East Asia (BEA) for HK$6.47 billion ($835 million).
Baring Asia assumes control of fashion label Cath Kidston
Baring Private Equity Asia has acquired TA Associates’ remaining stake in Cath Kidston, taking control of the UK lifestyle retailer.
Jafco in $408m first close for new flagship fund
Japan’s Jafco has achieved a first close on its fifth global venture capital and buyout fund with JPY41 billion ($408 million) in commitments.
KKR hires China Development Financial's Paul Yang as China head
KKR has recruited Paul Yang, president and CEO of Taiwan-headquartered China Development Financial Corporation (CDF), to become head of Greater China. He will continue the firm’s efforts to broaden its business locally and participate up and down the...
Ex-Unitas CIO Eugene Suh joins CVC as Asia COO
Eugene Suh, formerly CIO at Unitas Capital, has joined CVC Capital Partners as partner and Asia chief operating officer.
Q&A: Aberdeen Asset Management's Andrew McCaffery
Andrew McCaffery, head of alternatives at Aberdeen Asset Management, discusses the long-term impact of investors becoming more aggressive in their pursuit of returns, almost regardless of the risk