Direct investment
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.
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
OTPP hires Mount Kellett executive for Asia relationship investing
Ontario Teachers’ Pension Plan (OTPP) has appointed Dan Kiang as Hong Kong-based director of relationship investing, including the group’s recent commitment to Sinopec Marketing as part of a PE consortium.
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
OPTrust, Catalyst consortium acquires Australia's SkyBus
A private equity consortium including Canada's OPTrust Private Markets Group (OPTrust PMG) and Catalyst Direct Capital Management has acquired Australian bus route operator SkyBus.
VIDEO: Marcus Simpson of QIC
The relationship PE firms and large institutional investors has yet to settle down following the disturbance created by the global financial crisis, but fee discounts, co-investment and direct investment are here to stay, says Marcus Simpson, head of...
Q&A: Partners Group's Andreas Baumann
Partners Group has raised $2 billion for its latest PE direct investment program, up to 40% of which can be deployed outside of the US and Europe. Andreas Baumann, head of the firm’s Singapore office, highlights the opportunities in Asia
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
Ontario Teachers keen for more Asia co-investment
Ontario Teachers’ Pension Plan (OTPP) expects to become a more active co-investor in Asia, partnering with GPs in the region that offer certain geographic or sector expertise as well as operational capabilities.
CDC posts $345m return for 2012
CDC Group, the UK government’s development finance arm, showed a total return for 2012 of GBP223 million ($345 million) as its total assets grew 8.6% to GBP2.8 billion.
SEAF, Sarona invest in India's Khyati Foods
Canada-based Sarona Asset Management has invested in India's Khyati Foods, alongside SEAF Agribusiness India Fund. The details of the transaction were not disclosed.
Australia’s QIC looks to develop its direct China exposure
QIC, an Australian investment manager QIC with more than A$69 billion ($73 billion) under management for a combination of domestic and international clients, is stepping up its efforts to develop bilateral investment opportunities in China. The group...
OTPP private capital unit realizes $5b, reinvests $3b in 2012
Teachers’ Private Capital (TPC), the private equity fund and direct investment arm of Ontario Teachers’ Pension Plan (OTPP), saw $5 billion in gross realizations and $3 billion in reinvestments in 2012, with 13 new direct deals and 12 commitments...
OTPP in running for Leighton asset – report
Ontario Teachers' Pension Plan (OTPP), Canada’s third-largest pension fund, is reportedly among the final bidders for NextGen, the fibre-optics business being sold by Australian contractor Leighton Holdings. The deal could be worth as much as A$870...
CDC to invest $1b in India via LP, direct commitments
CDC Group, the UK government’s development finance arm, plans to commit $1 billion to India over the next 4-5 years, with nearly half of it coming through direct investment. The projection is in line with a wider adjustment in CDC’s mandate that will...
Co-investment: Friends with benefits
Co-investment deals have been on the rise in recent years, enabling GPs to take on bigger deals and offer LPs fee-less returns. What is driving this trend and are such deals always a good idea?
CPPIB targets larger deals, wants to boost emerging markets exposure
Canada Pension Plan Investment Board (CPPIB) is looking to target larger, more complex acquisitions as part of a wider strategy to increase exposure to emerging markets, particularly China. Mark Wiseman, the plan’s CEO, made the observations as CPPIB...
LPs chose direct route into Indian property
APG Asset Management, the group responsible for one-third of all collective pension schemes in the Netherlands, plans to make direct investments into Indian real estate rather than make commitments to private equity funds.
ADIA hires new head of principal investments
Abu Dhabi Investment Authority (ADIA) has appointed Colm Lanigan as head of principal investments in its private equities department. Working alongside senior management, Lanigan is responsible for the identification, execution and management of direct...
Ontario Teachers to up India exposure, back Kedaara Capital
Ontario Teachers’ Pension Plan (OTPP) plans to increase its allocations to India and Latin America in order to diversify its emerging markets exposure, which is currently more weighted towards China. The pension plan’s first India commitment was to...
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...
Partners Group adds to India direct investment capabilities
Partners Group has appointed Cyrus Driver as a managing director with the brief to strengthen the company’s direct investment activities in India. The move comes as Partners Group seeks to ramp up its direct investment capabilities across the region.
Navis exits label manufacturer Trimco to Partners Group
Navis Capital Partners has sold its majority stake in Trimco International Holdings to Partners Group. The size of the deal was not disclosed but the combination of exit proceeds and dividends received over a seven-year holding period will leave Navis...
HarbourVest to open Beijing office
HarbourVest Partners plans to open a Beijing office and has appointed Sally Shan to lead its operations in mainland China. Shan, who previously served as managing director and head of Asia technology investment banking at J.P. Morgan Securities Asia Pacific,...