Asia
Unigestion appoints ex-CDPQ executive as Asia chairman
Unigestion has appointed Edouard Merette, formerly a managing director at Caisse de dépôt et placement du Québec (CDPQ), as non-executive chairman of its Asia board.
Fund focus: Kerogen plays the long game
In the early stages of deployment of its $830 million second fund, Kerogen Capital faces a very different energy sector to the previous cycle, characterized by lower costs, lower entry prices and reduced competition
Side letters: A little extra
The proliferation of side letter provisions submitted by LPs as conditional on their participation in a fundraise is adding to administrative workloads. Private equity firms must negotiate carefully
GPs target micro gains in weaker macro environment - AVCJ Forum
Institutional investors expect private equity funds to deliver outsize returns, regardless of the lower growth environment in Asia, which means GPs must focus more on making a difference to portfolio companies at the micro level.
Kerogen closes second energy fund at $830m
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has closed its second fund at $830 million.
KKR seeks up to $7b for third Asian fund
KKR will target between $6 billion and $7 billion for its third pan-regional fund, taking a relatively small step up from the previous vehicle, which closed at $6 billion in mid-2013.
3D printing: Dimension jump
3D printing technology is expected to grow at an accelerated rate now that its practical applications have come into focus. As a global manufacturing leader, Asia could be at the center of the boom
Q&A: CalSTRS' Christopher Ailman
Christopher Ailman, CIO of the California State Teachers’ Retirement System (CalSTRS), explains how his organization’s approach to ESG has evolved and what this means for portfolio managers
Fund T&C: Carrot and stick
Fee discounts and co-investment often dominate GP-LP discourse, but longer-term issues surrounding economics and governance are increasingly important to negotiations over some Asian GPs’ fund terms
IFC commits $200m to emerging markets fund
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $200 million to its IFC Emerging Asia Fund (EAF).
KKR’s Kravis sees Asia promise amid global macro volatility
Henry Kravis, co-founder of KKR, emphasized the importance of Asia’s rising middle class and the diversification of his firm’s investment approach as continued volatility globally is likely to deliver both uncertainty and opportunity.
Asia-based diligence provider Poseidon bought by Exiger
The Poseidon Group, a Hong Kong and Singapore-based due diligence and business intelligence provider, has been acquired by global regulatory risk and compliance player Exiger.
GPs must be prepared to listen when pitching family offices - AVCJ Forum
Private equity firms must take the time to understand their audience when pitching funds to family offices, leading industry practitioners told the AVCJ USA Forum.
Asia more attractive due to Western dysfunction - AVCJ Forum
The Asia opportunity for private equity has become all the more compelling for the political uncertainty blighting Western markets, investors told the AVCJ USA Forum.
Baring Asia, Onex buy Thomson Reuters unit for $3.5b
Baring Private Equity Asia and Canadian buyout firm Onex Corporation have agreed to acquire Thomson Reuters’ Intellectual Property and Science (IP&S) business for $3.5 billion.
CVC backs $1.1b Nirvana Asia take-private
CVC Capital Partners has offered to buy out Hong Kong-listed Nirvana Asia, Asia’s largest funeral services firm, in a cash and stock swap deal worth $1.1 billion.
Farallon raises $1.1b for Asia, Latin America special situations fund
Farallon Capital Management has closed its third special situations fund focused on Asia and Latin America at $1.1 billion.
Tipping points: Asian LPs target the US
While global private equity firms have well-established channels for tapping Asian institutional investors, it continues to be challenging for LPs from this region to access North America's middle-market managers
Intel Capital appoints Anthony Lin as Asia head
Intel Capital has named Anthony Lin, who has been with parent company Intel Corp’s M&A team since 2008, as managing director and head of Asia.
LP interview: Pantheon
Pantheon believes the growing experience of GPs in Southeast Asia comes at just the right time to take advantage of the region’s booming consumption opportunities
Altius to be sold to Canada’s Pavilion Financial
Canadian investment services firm Pavilion Financial has agreed to acquire Altius Associates, a PE advisor and fund manager with a presence across Asia Pacific, Europe and North America.
CPPIB appoints Suyi Kim Asia head, names new regional PE lead
Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim and Deborah Orida as managing director, head of Asia and managing director, head of private equity Asia, respectively.
Micro VC: Small is beautiful
Asia's micro VC segment is gaining appeal as diversity among fund managers grows
NewQuest closes Fund III at $540m
Direct secondaries specialist NewQuest Capital Partners has reached a final close of its third fund at the hard cap of $540 million, increasing it from the original hard cap of $520 million in order to accommodate investor demand.