Asia
Two sides of a stock market boom
April is barely 20 days old and the capital generated through share placements and sell-downs by PE investors is already at its third-highest quarterly level in two years. That’s what happens when public markets go into overdrive.
First quarter analysis: Slow start
Slower investment in the first quarter is either an historical norm or a worrying sign; fundraising flies by for the few, the majority still struggle; Asia’s exit bonanza comes to a sudden stop as trade sales weaken
Fund-of-funds: Creatures great and small
Global fund-of-funds are looking to scale up and become more diversified, while many of their smaller counterparts are pursuing niche strategies. Is the model in a state of decline or a state of revolution?
Cultivating Asia carve-outs
Private equity investors agreed or completed nearly 200 buyouts in Asia last year, according to AVCJ Research. Roughly one quarter of these were carve-outs from corporate owners. South Korea, where domestic conglomerates are under pressure to divest non-core...
Asia Alternatives raises $1.8b for funds, separate accounts
Asia Alternatives Management has closed $1.8 billion in new commitments from LPs, comprising $1 billion for co-mingled fund-of-funds and $800 million in separately managed accounts.
Texas County & District re-ups for RRJ Capital's third fund
Texas County & District Retirement System (TCDRS) will invest $50 million in RRJ Capital’s third fund, which launched earlier this year and is understood to be targeting at least $4 billion.
Sebastiaan van den Berg leaves HarbourVest
Sebastiaan van den Berg, Asia-based managing director with HarbourVest Partners, has left the firm after 10 years.
Blackstone spins out Asia corporate advisory business
The Blackstone Group has spun out its Hong Kong-based corporate advisory business to Comprador, a new outfit led by Anthony Steains, the former head of Blackstone Advisory Partners Asia (BAPA).
VIDEO: Navis Capital Partners' Rodney Muse
Nothing is off limits now when LPs are conducting due diligence on private equity firms as investors respond to issues such as regulatory change, according to Rodney Muse, co-founder and managing partner of Navis Capital Partners
Baring Asia closes debut real estate fund
Baring Private Equity Asia’s real estate affiliate has closed its debut fund with $365 million in commitments. The first two investments have also been completed in South Korea and the Philippines, respectively.
Weil recruits HK PE partner from Latham
Law firm Weil has hired Tim Gardner, formerly a private equity partner at Latham & Watkins, to join its Hong Kong office.
RRJ makes Fund III filing, registers $762m
RRJ Capital has made a US regulatory filing for its third China and Southeast Asia-focused fund, indicating that $762 million has been committed by LPs so far. This does not necessarily reflect the full extent of the GP’s fundraising efforts.
Bain Capital targets $2.5b for third Asia fund
Bain Capital is preparing to launch its third Asian fund with a target of $2.5 billion and a hard cap of $3 billion.
Asia remains global leader for female representation in PE
Women occupy 14.5% of senior roles at private equity firms in Asia, up from 11.8% in 2014, and a higher proportion than any other major market globally.
Q&A: Baring PE Asia's Jean Eric Salata
Baring Private Equity Asia has closed its sixth fund at $3.98 billion. CEO Jean Eric Salata explains how the firm has sized up to raise its largest-ever vehicle, and where he expects to deploy the capital
Customized solutions: LPs look beyond the blind pool
Boyu Capital and Hopu Investment Management both participated in a $2.5 billion investment in Singapore-listed warehouse developer Global Logistic Properties (GLP) last year, but the other consortium members arguably make for more interesting reading....
Markus Ableitinger to leave Capital Dynamics
Markus Ableitinger has resigned from his position of managing director and co-head of Asia Pacific investment management at Capital Dynamics after more than 10 years with the firm.
Navis agrees Domestic Group medical equipment unit carve-out
Malaysia-based GP Navis Capital Partners has agreed to buy Domestic Medical Division (DMD), the cold chain medical equipment unit of Sweden's Domestic Group. The financial terms of the deal were not disclosed.
Baring PE Asia's Fund VI closes shy of $4b
Baring Private Equity Asia has a reached a final close on its sixth fund at a hard cap of $3.98 billion after less than a year on the market, making it the largest ever close reached by an Asia-based GP.
Unitas Capital's Korea team to spin out
Unitas Capital's Eugene Suh and Jay Lee will spin out to raise a Korea-focused fund. They will take the four-person Seoul-based team with them.
Over 60% of Asia PE professionals expect 2015 salary hike – survey
Growth in the Asian private equity industry has led to higher pay expectations among industry participants, with 64% of professionals anticipating an increase in their 2015 base salary compared with 2014, a new report claims.
Equis in $1.7b fundraising bonanza
Equis Funds Group's first foray into Japan’s solar energy sector was at least 18 months in the making. The energy and infrastructure-focused GP mapped the entire region in terms of solar power potential and regulatory factors then, working with Partners...
Placement agent Monument hires Amundsson in Hong Kong
Monument Group has hired Niklas Amundsson, formerly of MVision, as a managing director in its Hong Kong office, which officially opened early last year.
Australian pension funds most aggressive on alternatives – study
Australia’s superannuation funds have been the most aggressive of the major global pension players in developing alternatives exposure over the last 10 years, according a new study.