Asia
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...
The secondary network: Online platforms
Setter Capital’s Secondary Link is the latest online platform intended to fill the information void in the secondaries market. Industry participants have mixed feelings as to its utility
Co-investment: Behind the buzzword
Global institutions have a growing appetite for co-investment in Asia, but not all varieties of LP have the resources or will to establish a local presence and do it properly. GPs must decide who adds value and where
The expanding LP universe
Big LPs make all the headlines, whether it is a large commitment to a GP or participation in a mega deal. It is therefore easy to overlook the fact that the institutional investor community is a multi-faceted and expanding creature. This is particularly...
Investors adapt to adversity – AVCJ Forum
Flexibility and changing strategy are key to finding the best opportunities in the current adverse environment, investors told the AVCJ Forum in Hong Kong.
Emerging Asia to see more buyouts - AVCJ Forum
Asia will see more control deals as private equity matures in the region, but it will remain primarily a growth capital market, industry participants told the AVCJ Forum in Hong Kong.
Dattels, Gray to lead TPG in Asia, Peel steps back
Tim Dattels, a senior partner at TPG Capital, is moving back to Asia to lead the firm’s regional private equity operations in conjunction with Ben Gray. He is replacing Stephen Peel who is withdrawing from day-to-day management.
Asia distress: Playing doctor
Asia appears to be destined for a spate of corporate restructurings. Although they are studying a wealth of potential investments, distress specialists say the obvious targets are not always the most accessible
LPs say Asian GPs lack long-term investment model - AVCJ Forum
Global institutional investors are becoming more cautious in allocating capital to Asian private equity funds, citing the region's weakening economic performance and concerns that GPs’ short-term investment horizons are not beneficial to the broader development...
GPs upbeat on changing LP base - AVCJ Forum
While some LPs may have retreated from the asset class in recent years, private equity firms are increasingly identifying new sources capital as other investors - either from Asia or looking to tap Asia - remain eager to allocate.