Capital Dynamics
Ex-Capital Dynamics executive gets Japan fund-of-funds mandate
Kazushige Kobayashi, formerly of Capital Dynamics, has won a fund-of-funds mandate from the Tokyo government to be managed by a dedicated team set up under Asian alternatives group MCP Asset Management.
Capital Dynamics loses Asia primaries head
Kazushige Kobayashi (pictured), a Tokyo-based managing director at Capital Dynamics and head of primaries coverage in Asia, is departing the firm after nearly 10 years.
Japan PE fundraising: Upsizing
Japanese private equity firms are looking to raise larger funds, based on what is described as a blossoming investment opportunity. Do they risk biting off more than they can chew?
Japan PE outlook: Slow and steady
GPs have built strong ties with corporate Japan by demonstrating value-add capabilities. These networks should serve them well as the market becomes more active
Japan benchmarking: Body of evidence
The Japan Private Equity Association is pushing its members towards a performance benchmarking system in the hope that it will help persuade more foreign LPs to back local managers
Japanese LPs: Glacier effect
There is growing interest among Japanese institutional investors for exposure to alternatives. However, this doesn’t mean commitments will come quickly, or go to private equity first
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.
Asian LPs back Capital Dynamics' energy, infra fund
Capital Dynamics has closed its clean energy and infrastructure direct investment fund at $462.5 million, with one fifth of the contributions coming from Asian investors.
Asia fundraising: How much is too much?
Ever increasing fund sizes have become a fact of life for some private equity firms in Asia. LPs must distinguish between GPs raising more capital for a valid purpose and GPs doing so simply because they can
Asia PE performance: Special measures
Asian private equity has, by some accounts, failed to meet LP expectations in terms of risk-adjusted returns. With GPs under pressure to show they can be company builders, is specialization the inevitable end game?
Japan's public pension funds: Sleeping giants
Following concerns about performance and a government review of asset allocations, Japan’s public pension funds are prepping to enter private equity. But when will it happen and who stands to benefit?
Q&A: Capital Dynamics' Kazushige Kobayashi & Tokio Marine's Soichi Sam Takata
Kazushige Kobayashi (pictured), managing director at Capital Dynamics, and Soichi Sam Takata, head of private equity at Tokio Marine Asset Management, discuss the implications of improving investor sentiment in Japan
The churn factor
Mid-cap Asian GPs are no strangers to staff turnover, with volatility tracking the peaks and troughs of different regional markets. In times of plenty, when China and India were booming, it seemed that a week couldn't pass without a manager spinning out...
Japan fundraising: Sink or swim?
Investor sentiment is gradually turning on Japan. The big buyout funds must convince LPs there is sufficient deal flow in their portion of the market; the smaller players must figure out how to talk to foreign LPs
Capital Dynamics goes inside-out in China
After a decade spent exploring the possibilities, Capital Dynamic concluded that best way for a global fund-of-funds manager to properly penetrate the Chinese market was "inside-out" - work with people in Beijing who come from Beijing. This is the rational...
The Abe effect: Japan's economic reforms
Japanese Prime Minister Shinzo Abe has unveiled aggressive economic reforms, sending the country's stock market up and its currency down. PE can benefit but longer-term change would be even more helpful
Capital Dynamics to launch $154m Japan-focused fund-of-funds
Switzerland-headquartered asset manager Capital Dynamics plans to launch a JPY15 billion ($154 million) Japan-focused fund-of-funds. A source familiar with the matter said Japanese corporate pension funds will be among the investors in the new vehicle,...
Capital Dynamics forms alliance with RMB fund-of-funds Diligence Capital
Capital Dynamics has partnered with China-focused fund-of-funds manager Diligence Capital in a bid to expand its geographic footprint in the world’s second-largest economy
Japan’s GPIF selects groups for PE feasibility study
Japan’s Government Pension Investment Fund (GPIF) has chosen four companies to conduct feasibility studies for possible future investments in alternative assets, including private equity.
Japan GP outlook: Mixed feelings in the middle ground
Japan’s mid-market is opening up as weak public market valuations facilitate take-private deals, corporations divest non-core assets and aging founders seek an exit. GPs have plenty to aim at, provided they can raise funds
Offshore investors: Leap into the unknown
With commitments from domestic LPs easing off, Australian, Japanese and Korean GPs are looking to raise capital from overseas investors. They are entering new territory and some are better prepared than others
Capital Dynamics names Ammann as CEO
Capital Dynamics has announced Stefan Ammann to be the company's CEO, with immediate effect. He replaces Thomas Kubr, founding CEO, who will serve on a full-time basis as executive chairman of the board of directors.
Japan’s PE firms on trade sale hunt
Japanese buyout firms are making plans to offload a portion of their local portfolio companies via trade sales this year.
VIDEO: PE's top names sound off on Asian talent
Asia has been a major recipient of capital in recent years given the growth potential of key markets, but the region's top professionals aver that finding an experienced fund manager to deploy these dollars remains a key issue.