Asia
Markus Ableitinger joins placement agent Pyramid
Markus Ableitinger, formerly an Asia-based managing director with Capital Dynamics, has joined placement agent Pyramid Private Equity Partners as an associate partner. He will continue to focus on Asia.
Asian pension funds to boost alternatives exposure - survey
Pension funds in Asia Pacific expect to increase their allocations to alternative assets over the next three years as part of efforts to boost returns and cover their liabilities, according to a new survey.
Asian GPs want training from fund administrators - survey
More than one third of Asia-based GPs would like fund administrators to provide additional training services, a demand that likely reflects growing concerns in the region about tax regulation, according to a survey.
Direct exposure: Family offices and co-investment
Wary of blind pools and keen to play a more active role in private equity, family offices are considering direct investment opportunities. Strategies and capabilities vary, as does the level of risk
Ex-CLSA Capital Partners CEO joins TRG as partner
The Rohatyn Group (TRG) has hired Christopher Seaver, formerly CEO of CLSA Capital Partners, as a partner based in its Hong Kong office.
Deal focus: EQT leverages corporate compliance
EQT Partners is backing Elevate's audit-plus model to deliver differentiated value in a global testing, inspection and certification market that is already supported by strong tailwinds
Made to measure: Customized co-investment
Growing appetite for co-investment among foreign and local institutions in Asia has given rise to a wider variety of advisors offering customized solutions to those with limited in-house resources
Q&A: KKR's David Liu and Ming Lu
David Liu and Ming Lu, who head up KKR’s private equity operations in Asia, discuss dislocation in China and its neighboring markets, engineering cross-border deal flow, and how GPs can differentiate themselves
Fund focus: New name, same agribusiness strategy
Following a spin-out from Cargill, the PE unit of Black River Asset Management has been renamed Proterra Investments Partners. The agriculture-focused remit is unchanged
Nature vs nurture: Training PE professionals
With private equity’s traditional training tools coming under increased scrutiny, some are calling for standardized qualifications - before outside forces take matters out of the industry’s hands.
Black River PE team goes solo as part of Cargill spin-out
The private equity team of Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, has spun out to form Proterra Investment Partners.
JC Flowers to buy Chi-X's Asia trading platforms
J.C. Flowers has agreed to buy the Australia and Japan businesses of Chi-X Global Holdings, an alternative equity trading platform that competes with primary exchanges, as well as the company’s Hong Kong-based technology services unit.
Monument promotes Niklas Amundsson to partner
Niklas Amundsson, who joined Monument Group from MVision last year as managing director of the firm’s Hong Kong office, has been promoted to partner.
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.