Asia
Asia PE returns will rise as GP skills develop
Distributions from private equity funds in Asia, which have in the past been lackluster compared to those in certain developed markets, are expected to rise as the industry matures and GPs develop their skill sets.
Abax raises $235m for Asia special situations fund
Abax Global Capital has raised $235 million for its second Asia special situations fund, which has a strong focus on China.
Sam Robinson joins North-East Family Office from Aberdeen
Sam Robinson, previously head of regional private equity fund investment at Aberdeen Asset Management, has joined North-East Family Office as managing partner for Asia.
Adams Street hires Hart to lead Asia business development
Adams Street Partners has appointed Ben Hart, formerly of Capital Dynamics, as partner and head of business development for Asia.
Unitas cancels fundraising plans, China team joins Permira
Unitas Capital has decided against raising a fourth fund, and its China team, led by Jim Tsao, will join Permira under a multi-year transition agreement.
Orion, BNP form Asia alternatives partnership
BNP Paribas will take a minority stake in a newly-established partnership with Asia-based private equity and real estate player Orion Partners. They plan to launch funds together to meet growing client demand for exposure to alternatives in the region....
L Capital to merge with US-based Catterton
L Capital, a private equity firm sponsored by luxury goods giant LVMH, will merge with consumer-focused GP Catterton to form L Catterton.
Q&A: Sankaty Advisors' Jonathan Lavine
Jonathan Lavine, managing partner at Sankaty Advisors, explains the firm’s strategy in Asia and globally. The following is taken from an interview for AVCJ TV conducted in the summer of 2015
PAG closes second Asia fund at $3.66b - update
PAG Asia Capital has reached a first and final close on its second fund at $3.66 billion. The vehicle, which had an initial target of $3 billion, spent less than eight months in the market.
Bain closes third Asian fund at hard cap
Bain Capital has closed its third Asian fund at the hard cap of $3 billion plus a GP commitment of at least $250 million. The fundraising process has taken approximately seven months.
2015 in review: Capital in abundance
Ample liquidity and a tech boom drive up investment activity; venture takes center stage in a relatively quiet fundraising environment; exits do not disappoint, but fail to match the highs of 2014.
The debate: Are LPs even LPs any more?
A group of top-level LPs of varying sizes came together at this year’s AVCJ Forum to discuss what they want from co-investment, how they prefer to participate, and ensuring alignment of interest with GPs
The crystal ball: Predictions for 2016
From Australia to China and buyouts to venture, industry participants give their perspectives on the year to come for fundraising, investments, and exits
New faces, old faces: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2015
Zeitgeist: The year in quotes
What industry participants had to say at AVCJ events on issues ranging from fees and tech sector valuations to China trade sales and Japanese LPs
Anand Prasanna leaves Morgan Creek
Anand Prasanna, a director with Morgan Creek Capital Management in Shanghai, has left the firm to pursue entrepreneurial opportunities in India.
AVCJ Awards 2015: AVCJ Special Achievement: Ta-Lin Hsu
As founder and chairman of H&Q Asia Pacific, Ta-Lin Hsu has played a key role in the development of private equity in Asia. He continues to look for ways to spread innovation
AVCJ Awards 2015: Fundraising - Large Cap & PE Professional of the Year: Jean Eric Salata
Jean Eric Salata, CEO and founding partner of Baring Private Equity Asia, on why fund and deal sizes are getting bigger
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.
AVCJ journalists win awards
Asian Venture Capital Journal was honored at the 2015 State Street Institutional Press Awards, Asia Pacific, winning three categories outright and receiving highly commended citations in three more.
Offshore service providers see regulation driving up costs - survey
The law firms, corporate service providers and accountants responsible for the offshore structures that underpin most private equity funds and transactions expect costs to rise as tighter regulations take hold.
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.
PE value-add programs still at early stage in Asia - survey
PE firms are increasingly aware of the importance of value creation at portfolio company level in Asia, but many accept that their programs in this area have yet to reach maturity, according to a new survey.
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.