Asia
Distress fundraising: In credit?
Whether disillusioned by the returns from conventional private equity or seeking to diversify their exposure, LPs are more open to Asia credit strategies. The returns are there, provided you pick the right strategy.
Noble Group, EIG form energy joint venture
Private equity firm EIG Global Energy Partners has teamed up with Asia-based agriculture and energy supply chain manager Noble Group to acquire and operate upstream and mid-stream energy assets.
DeAWM hires ex-Paul Capital executive for Asia secondaries
Jason Sambanju, formerly co-head of Asia at Paul Capital Partners, has joined Deutsche Asset & Wealth Management (DeAWM) as head of Asia secondaries.
Secondaries, succession best source of control deals in Asia - Partners Group
Secondary acquisitions from other PE firms and founder succession planning are the richest sources of control transactions in Asia, says Partners Group, but in each situation winning over management and other stakeholders is vital.
TPG invests in Hong Kong-based hedge fund seeder
TPG Capital will take an ownership interest in HS Group, a Hong Kong-based investment company that provides seed capital to hedge funds, as part of strategic partnership between the two firms.
NewQuest closes Fund II, prepares for hydropower take-private
NewQuest Capital Partners has reached a final close of $316 million on its second pan-Asia fund, exceeding the $300 million target. The announcement comes as the secondaries specialist is poised to take private US-listed China Hydroelectric in a deal...
Emerging markets fail to meet LP expectations – research
Emerging markets GPs have fallen substantially short of LP expectations, with top quartile funds achieving the desired 16% IRR in just two out of nine years between 2000 and 2011, according to new research.
Q&A: Top Tier Capital Partners' Jessica Archibald
Jessica Archibald, managing director at VC-focused fund-of-funds Top Tier Capital Partners, on mounting valuations in the US venture capital market and Asia losing some of its shine on a risk-adjusted basist
FATCA compliance: A ticking clock
As of July 1, PE firms were supposed to have taken the first step towards compliance with the US Foreign Account Tax Compliance Act (FATCA). Few in Asia can exist beyond the regulatory web
Inside fundraising: Gleanings from the first half of 2014
At the halfway point of 2014, what do the private equity fundraising numbers tell us? According to provisional data from AVCJ Research, 82 funds have reached incremental or final closes worth $23.6 billion so far this year. This compares to $25.5 billion...
LP interview: Canada Pension Plan Investment Board
Canadian Pension Plan Investment Board has established a sizeable presence in Asia and is making ever larger commitments to GPs in the region. But Mark Machin, the fund’s Asia president, says it is still early days
LPs buy into SSG's special sits story
Direct lending has gained traction among PE investors in Asia who see an opportunity to meet the capital needs of small businesses that are unable to tap conventional sources of financing. SSG Capital is keen to differentiate itself from the mainstream....
TPG looks up after bumpy fundraise
The fundraising process for TPG Asia VI was not smooth. More than two-and-a-half years in the market, a reduced target, changes in senior management, and churn within the China team prompting questions about the PE firm’s ability to cover what is arguably...
Auda names Jacob Chiu head of Asia, opens in Shanghai
Auda has appointed Jacob Chiu, who departed FLAG Squadron Asia last year, as managing director and head of its Asia business. The fund-of-funds, secondaries and co-investment solutions provider has also opened an office in Shanghai.
TPG closes sixth Asian fund at $3.3b
TPG Capital has closed its sixth pan-Asia fund at $3.3 billion after more than two years in the market.
CVC hits hard cap for Asia
Three of the last four investments in CVC Capital Partners' third pan-Asian fund were China control deals, and two of them involved restaurants. The Fund IV portfolio will be more diversified - encompassing retail, healthcare and financial services as...
Small still beautiful for Riverside
The story of private equity in Asia is largely one of rising fund sizes and ever larger equity checks. The Riverside Company plans on staying small - a segment it has occupied globally for over 25 years. The mid-market buyout player sees a huge opportunity...
India to see rise in restructuring opportunities - PE survey
India will see a sharp increase of corporate restructurings over the next 12 months, driven by corporate debt and liquidity issues, according to a PE industry survey by global business advisory firm AlixPartbers.
CVC announces final close of $3.5b on fourth Asian fund
CVC Capital Partners has announced a final close on its fourth pan-Asian fund at the hard cap of $3.5 billion. The vehicle has spent just under a year in the market, having launched in June 2013 with a target of around $3 billion.
Riverside closes second Asia fund at $235m
Global mid-market buyout firm Riverside has reached a final close of $235 million on its second Asia fund - Riverside Asia-Pacific Fund II (RAF II), 57% above its original target of $150 million.
Wearable technology: Heart on your sleeve
Wearables promise to be the next disruptive technology, redefining our daily lives. Are venture capitalists right to be excited and are they getting excited about the right things?
Sentient supports Papua New Guinea mining project
Marengo Mining has received a $3 million loan from its major shareholder, private equity firm The Sentient Group, to develop a copper-gold project in Papua New Guinea (PNG).
L Capital Asia buys restaurant chain Crystal Jade
L Capital Asia, a private equity firm sponsored by French luxury goods conglomerate LVMH, has agreed to buy a majority stake in Chinese restaurant group Crystal Jade.
NYSTRS confirms $100m commitment to CVC Asia fund
New York State Teachers’ Retirement System (NYSTRS) has confirmed a $100 million commitment to CVC Capital Partners’ fourth Asia buyout fund.