Asia
CVC hires Asia consumer sector specialist as advisor
CVC Capital Partners has appointed consumer sector veteran Jeremy Hobbins as a senior advisor to the pan Asia team.
LP interview: Axiom Asia
Axiom Asia has followed a consistent approach in backing small to mid-market country funds in the Asia Pacific region. Chihtsung Lam, the firm’s co-founder and managing partner, explains the strategy
Weil hires Asia fund formation lawyer from Kirkland & Ellis
International law firm Weil has appointed Albert Cho as a partner in its private funds group in Hong Kong. He joins from Kirkland & Ellis, where he served as a partner in both the New York and Hong Kong offices.
Unitas completes Edwards reorientation
When Unitas Capital and CCMP Capital came across specialist vacuum products developer Edwards Group, the business was hamstrung by geography. Asia was responsible for 60% of revenues but only 30% of manufacturing activity; in Europe these figures were...
Asia, Middle East LPs help Affinity to $3.8b close on Fund IV
Affinity Equity Partners has reached a final close of $3.8 billion on its fourth pan-Asian fund, with investors from Asia and the Middle East accounting for a larger share of the corpus than their North American counterparts.
KKR fundraiser Clifford Chiu to retire
Clifford Chiu, a leading figure in KKR’s Asia fundraising efforts, will retire in June after seven years with the firm. He will return with his family to the US.
4Q analysis: IPO awakening
Public market offerings return, or at least expectations of them; pan-regional players shore up weak fundraising market; growth deals to the fore as buyouts recede
An issue of GP sustainability
Amongst the key issues raised at our AVCJ Forum last November was the fact that many Asian private equity firms lack a long-term business model for both their investments and themselves. This issue will become increasingly important as the industry continues...
Adveq appoints new Asia head
Swiss fund-of-funds Adveq has promoted Viswanathan Parameswar to executive director and chosen him to head the firm's Asia program.
Value Creation: Shock and awe?
Asian GPs are building up their operational resources to support portfolio companies, but the true value of expertise is knowing when and where to make influence count
Has Asian PE lost its mojo?
Rewind 14 months to the 2012 AVCJ Forum and LPs were lukewarm on Asia. Several institutional investors participating in panels said it was difficult to justify committing more than 10% of their private equity allocation to the region until risk factors...
TA promotes Sippel, Wadhera to lead Asia operations
TA Associates has promoted Edward Sippel and Naveen Wadhera to co-heads of its Asia business. The changes were effective January 1.
Global PE fundraising reaches $431b in 2013 – Preqin
Private equity firms raised $431 billion globally in 2013, up 13% on 2012 levels, largely thanks to robust activity in North America and Europe. It is the highest amount in any year since the global financial crisis.
VIDEO: Steve Koltes of CVC Capital Partners
CVC Capital Partners has completed two control deals in China in 2013 and Steve Koltes, the firm's co-founder and co-chairman, expects more to follow. This evolution of opportunities in existing markets - plus the opening up of new markets - will see...
CVC reaches $2b first close on fourth Asia fund - report
CVC Capital Partners has reportedly had a $2 billion first close on its fourth Asian fund which is targeting a final close of $3.5 billion.
KKR, Carlyle, GSO among potential bidders for JPMorgan Asia investment arm - report
KKR, The Carlyle Group and Blackstone's credit arm, GSO Capital Partners are said to be among potential buyers for JPMorgan Chase's Asia-based principal investment business, Global Special Opportunities Group (GSOG). The valuation is likely to be more...
Secondaries specialist NewQuest reaches $215m first close on Fund II
NewQuest Capital Partners has reached a first close of $215 million on its second fund, which focuses on direct secondary opportunities in Asia. A final close of around $300 million – the hard cap is $330 million – is expected in the first half of next...
Baring-owned school operator Nord Anglia plans $200m IPO – report
Nord Anglia Education, an international schools operator owned by Baring Private Equity Asia, is reportedly preparing an IPO which could raise upwards of $200 million.
PSERS, Louisiana Teachers commit to CVC's fourth Asia fund
CVC Capital Partners has received $175 million in commitments to its fourth Asia Pacific fund from Pennsylvania Public School Employees’ Retirement System (PSERS) and Teachers’ Retirement Systems of Louisiana (TRSL).
2013: The year in numbers
A snapshot of the year's stand-out fundraising, investment and exit activity
Onward bound: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2013
2013 in review: Mixed fortunes
Bifurcation in the fundraising market as LPs play it safe with managers they know; South Korea and India emerge as buyout bright spots; positive signs for IPOs after a difficult 12 months
LPs expect Asia to underperform North American, European buyouts – Coller Barometer
Global institutional investors expect returns from Asia-focused GPs to trail those of their North American and European counterparts over the next 3-5 years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
Alastair Morrison to retire from Standard Chartered PE
Alastair Morrison, who was co-head of Standard Chartered Private Equity (SCPE) until earlier this year, will retire from the firm at the end of the month. The move is said to be independent of the restructuring taking place within SCPE that will reduce...