Co-investment
Hamilton Lane closes global fund-of-funds at $516m
Hamilton Lane has closed its latest global fund-of-funds at $516 million, exceeding a target of $400 million on the back of strong international investor interest.
LP interview: Ontario Teachers' Pension Plan
As Ontario Teachers’ Pension Plan fortifies itself for the future, the LP is focused on playing an active role introducing innovations and progress to Asia’s private equity sector
Australian LPs consider diversified approaches to PE - AVCJ Forum
Australian LPs are increasingly interested in non-traditional structures in private equity as they find that fund investment programs no longer offer the flexibility, fee burden and scale of deployment to meet their needs.
Australian LPs make for sophisticated co-investors - AVCJ Forum
Australian superannuation funds are more sophisticated co-investors than their US counterparts, but the ability of LPs across the industry to participate in these deals remains limited.
Direct exposure: Family offices and co-investment
Wary of blind pools and keen to play a more active role in private equity, family offices are considering direct investment opportunities. Strategies and capabilities vary, as does the level of risk
Made to measure: Customized co-investment
Growing appetite for co-investment among foreign and local institutions in Asia has given rise to a wider variety of advisors offering customized solutions to those with limited in-house resources
The debate: Are LPs even LPs any more?
A group of top-level LPs of varying sizes came together at this year’s AVCJ Forum to discuss what they want from co-investment, how they prefer to participate, and ensuring alignment of interest with GPs
Co-investments strengthen GP-LP bond - AVCJ Forum
LPs that pursue co-investment opportunities alongside their portfolio GPs can build a stronger relationship with the managers, LPs told the AVCJ Forum.
Asia co-investment: The waiting game
Large-scale co-investment will take time to get traction in Asia
Q&A: OTPP's Nicole Musicco
Co-investment is a key tenet of the private equity strategy at Ontario Teachers’ Pension Plan. Nicole Musicco, managing director and head of Asia Pacific, explains how the group likes to participate
Fundraising and co-investment: Friends with benefits
Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the needs of large investors. It points to an increasingly customized and complicated GP-LP relationship
Asia PE 2015: Guarded optimism
Private equity deal flow this year has been fed by several big auction deals, a healthy dose of co-investment, and ever larger late-stage tech rounds
High PE exposure drives Asia family office performance - study
Family offices in Asia Pacific produced the second-best performance globally in 2014, in part due to their relatively large private equity exposure, according to a new report.
VIDEO: CPPIB's Mark Machin
Canada Pension Plan Investment Board (CPPIB) is one of few North American LPs to set up an office in Asia and Mark Machin, the group's head of international and Asia president, admits it is not for everyone
LP interview: CDC Group
Four years ago, controversy and political pressure forced the UK’s CDC Group into a major shift in strategy. Managing Director Alagappan Murugappan explains how the development fund has evolved since then
LP Interview: SunSuper's Michael Weaver and HOSTPLUS' Neil Stanford
Michael Weaver, private markets manager at SunSuper, and Neil Stanford, investment manager for private equity at HOSTPLUS, discuss portfolio composition and performance.
Hahn & Co gets $1.9b for two funds
Christmas holidays are a rarity at Hahn & Co. The Korean buyout firm’s acquisition of Posfine, a slag powder business owned by steelmaker Posco, closed on December 30. The 2013 seasonal period was dominated by negotiations over a majority stake in Hanjin’s...
CIC's Olivia Ouyang joins OTPP
Ontario Teachers’ Pension Plan (OTPP) has hired Olivia Ouyang, formerly managing director and head of emerging markets at China Investment Corp. (CIC), as a Hong Kong-based director of funds and co-investments.
Infrastructure: Building partners
LPs are seeking to boost their exposure to Asian infrastructure through direct investment, either independently or alongside GPs. In a highly varied regional market, there is no one-size-fits-all approach
TAP, KWAP invest in Malaysian snack maker
Southeast Asia-focused GP Tremendous Asia Partners (TAP) has teamed up with pension fund KWAP to buy a 30% stake in Munchy Group, a Malaysia-based snacks producer.
JD Capital reaches $200m final close on second US dollar fund
Chinese GP JD Capital, formerly known as Jiuding Capital, has achieved its target of a $200 million final close on its second US dollar-denominated fund.
South Korea's NPS commits $375m to Hamilton Lane co-invest fund
South Korea's National Pension Service (NPS) is committing KRW400 billion ($375 million) to Hamilton Lane's latest co-investment fund - Hamilton Lane Co-Investment Fund III.
CLSA, Korean corporate launch $295m global co-invest fund
CLSA Capital Partners (CLSACP) launched a KRW300 billion ($295 million) global co-investment fund in partnership with South Korean tire manufacturer Nexen. The primary LP is the National Pension Service of Korea (NPS).
Japan LPs give mixed views on co-investment - AVCJ Forum
More Japanese LPs are recognizing the importance of co-investment for driving returns but some are still put off by the potential risks.