Co-investment
Before going direct, go local
The way in which global buyout firms have built up their local expertise in Asia in recent years so as to compete more effectively with smaller regional and single-country funds is a clear reminder of the value of having people on the ground. Although...
Russia, China confirm $4b joint investment fund
Russia and China have confirmed plans for a joint $4 billion investment fund, which will be backed by initial $1 billion contributions from their respective sovereign wealth vehicles. Progress on the fund was announced at an economic forum in Moscow attended...
Direct investment: Silent partners?
Limited partners are attracted by the low costs and potentially high returns of direct investment opportunities in Asia. Those with a finger on the market’s pulse are likely to prevail, provided they don’t get too greedy
Kerogen Capital invests $125m in emerging markets oil firm
Hong Kong-based Kerogen Capital has committed $125 million to NewAge (African Global Energy), becoming the largest shareholder in the company. The investment will be made in three tranches, with Kerogen also having the right to co-investment alongside...
INCJ expects more overseas deals in 2012
Innovation Network Corp of Japan (INCJ) has said that it plans to invest more in overseas acquisitions by Japanese companies this year.
Fund concessions: A tailored fit
The fees debate might not have arrived in Asia, but a string of other LP demands has. Fund managers must manage their investors as carefully as their investments
Western strategic partnerships ‘lead to conflict’
Partnering with strategic investors based in the West often leads to difficulties for Asian portfolio companies, Frank Tang of Fountainvest Partners said at the AVCJ PE Leaders' Summit in Hong Kong yesterday.
CIC commits $1b to Russian sovereign wealth fund
China Investment Corp. (CIC) will invest $1 billion in a joint Russia-China Investment Fund that will operate in partnership with the Russian Direct Investment Fund (RDIF), Moscow’s debut sovereign wealth fund.
Ex-EM Alternatives execs join Pomona’s Asia team
Pomona Capital has hired Ernest Lambers and John Stephens as managing directors in its London and Hong Kong offices, respectively, with a remit to focus on the firm’s investment programs in Asia and other emerging markets.
CDC focuses on direct investments, debt in India
CDC Group, the UK development finance institution, is changing its strategy in India to focus on direct investments, co-investments and debt, as well as making commitments to private equity fund managers. It will also make investments in early-stage funds.
Russia sovereign wealth fund in talks with potential Chinese partner
Russia Direct Investment Fund (RDIF), the country’s new sovereign wealth fund, is in talks with a Chinese group about making joint investments, with details of a partnership potentially to be announced in October.