Asia
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.
VIDEO: Sebastiaan van den Berg of HarbourVest Partners
Australia is a consistent source of buyout deals for pan-Asian funds but its share of the regional total is falling in percentage terms as GPs source larger ticket deals in other markets, according to Sebastiaan van den Berg, managing director at HarbourVest...
Asia PE fundraising slows to $6.6b in first quarter
Asia private equity fundraising came to $6.6 billion in the first quarter of 2014, according to provisional data released by AVCJ Research, down from $9.7 billion in the final three months of 2013.
Operational value-add: Home-made remedies
Private equity firms, and the LPs, are placing greater emphasis on adding value to portfolio companies. But what is the best way of developing operational capabilities in Asia, and who should pick up the tab?
FLAG hires Myron Zhu as co-head of Asia
FLAG Capital has appointed Myron Zhu, previously head of J.P. Morgan’s alternative investments division in the region, as partner and co-head of Asia.
Blackstone's Asia head Michael Chae to return to New York
Michael Chae, head of international private equity at The Blackstone Group, will move back to New York after a four-year stint in Hong Kong.
BlackRock names new Asia head
BlackRock has appointed Ryan Stork as head of Asia Pacific operations, replacing Mark McCombe who will relocate to the US to become the company’s global head of institutional client business and chairman of the alternative investment division.
Baring Asia targets $3b for Fund VI
Baring Private Equity Asia will seek to raise around $3 billion for its sixth pan-regional fund, its largest vehicle to date.
LP interview: Oregon State Treasury
Andy Hayes, PE investment officer at the Oregon State Treasury (OST), has been managing his fund’s Asian investments for nearly six years. The role is as much about networks as it is know-how
Baring Asia-backed Nord Anglia raises $304m, jumps on debut
Nord Anglia Education, a school operator controlled by Baring Private Equity Asia, saw its shares close up 12.5% on the first day of trading on the New York Stock Exchange. This followed an IPO that raised $304 million.
Japanese banks commit to CVC's fourth Asia fund
CVC Capital Partners has received $100 million in commitments from Sumitomo Mitsui Trust Bank (SMTB) and Japan Bank for International Cooperation (JBIC) for its fourth Asia fund, which is expected to close above its $3.5 billion hard cap.