Fund-of-funds
Fund-of-funds: Creatures great and small
Global fund-of-funds are looking to scale up and become more diversified, while many of their smaller counterparts are pursuing niche strategies. Is the model in a state of decline or a state of revolution?
Asia Alternatives raises $1.8b for funds, separate accounts
Asia Alternatives Management has closed $1.8 billion in new commitments from LPs, comprising $1 billion for co-mingled fund-of-funds and $800 million in separately managed accounts.
Sebastiaan van den Berg leaves HarbourVest
Sebastiaan van den Berg, Asia-based managing director with HarbourVest Partners, has left the firm after 10 years.
Vivo boosts fund for cross-border play
Healthcare-focused Vivo Capital has attracted increasing attention from LPs for its hybrid focus on the US and China. As testament to this, its latest fund - Vivo Capital Fund VIII - closed at $750 million after nine months in the market, with demand...
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.
Q&A: HarbourVest Partners' George Anson
George Anson, a London-based managing director with HarbourVest Partners, on the importance of customization, scale and diversification in creating a sustainable global fund-of-funds business
Q&A: Auda's Ernest Boles, Jacob Chiu & Lucian Wu
Auda is scaling up its operations in Asia, opening a Shanghai office and making several new hires. CEO Ernest Boles, Head of Asia Jacob Chiu, and Managing Director Lucian Wu explain how they are addressing the opportunity
Emerald Hill North Asia head to set up China fund-of-funds
Tommy Yip, partner and head of North Asia at Emerald Hill Capital Partners, has resigned from his position. He is expected to form a new China-focused fund-of-funds.
Auda hires FLAG Squadron's Eunseok So
Auda International has appointed Eunseok So, formerly of FLAG Squadron Asia, as a senior vice president in its Hong Kong office.
CVC’s Hemal Mirani to rejoin HarbourVest
Hemal Mirani, head of Asia investor relations at CVC Capital Partners, will join HarbourVest Partners as a managing director. She previously spent over 11 years at HarbourVest before leaving in 2009 for the role at CVC.
Auda hires ex-Paul Capital Asia head Lucian Wu
Lucian Wu, previously co-head of Asia at Paul Capital Partners, has joined Auda as a managing director.
IFC targets up to $1b for emerging markets fund-of-funds
International Finance Corporation (IFC) wants to raise a $750 million to $1 billion for an emerging markets-focused fund-of-funds with a final close pegged for the end of this year or early 2015.
Q&A: Top Tier Capital Partners' Jessica Archibald
Jessica Archibald, managing director at VC-focused fund-of-funds Top Tier Capital Partners, on mounting valuations in the US venture capital market and Asia losing some of its shine on a risk-adjusted basist
Hamilton Lane boosts Asia presence
Global fund-of-funds and separate accounts manager Hamilton Lane has bolstered its presence in Asia with a series of hires and promotions.
Q&A: Magic Stone's Jenny Zeng
Jenny Zeng, managing partner of Magic Stone Alternative Investments, shares her views on emerging Chinese LPs, specialization among fund managers, and opportunities in the secondaries space
David Pierce appointed Asia head of HQ Capital
David Pierce, previously a partner at FLAG Squadron Asia, has been appointed managing director and head of Asia at Harald Quandt (HQ) Capital.
Auda names Jacob Chiu head of Asia, opens in Shanghai
Auda has appointed Jacob Chiu, who departed FLAG Squadron Asia last year, as managing director and head of its Asia business. The fund-of-funds, secondaries and co-investment solutions provider has also opened an office in Shanghai.
Separate accounts: Special treatment
Separate accounts are a tailored and cost effective means through which large institutions can access portfolios of GPs. Though increasingly popular in Asia, they are not suitable, or appealing, to all
VIDEO: Jessica Archibald of Top Tier Capital Partners
From Facebook’s acquisition of WhatsApp to Google’s purchase of Nest Labs, large US technology companies are increasingly using the ample cash on their balance sheets for M&A. Jessica Archibald, managing director at Top Tier Capital Partners, this...
Emerald Hill raises $400m for third Asia fund-of-funds
Emerald Hill Capital Partners has reached a final close of $400 million for its third Asian fund-of-funds. Endowments and foundations account for the vast majority of LPs, with about 75% of investors in Fund II re-upping for Fund III.
Japan's AIC appoints Yasufumi Hirao as CEO
Japanese fund-of-funds Alternative investment Capital (AIC) has appointed Yasufumi Hirao as its new president and CEO.
Placement agents: Tapping tomorrow's investors
Asian LPs are a small but increasingly conspicuous part of the global institutional investor community. How can placement agents nurture pockets of growth in a potentially lucrative yet hugely imbalanced market?
FLAG hires Myron Zhu as co-head of Asia
FLAG Capital has appointed Myron Zhu, previously head of J.P. Morgan’s alternative investments division in the region, as partner and co-head of Asia.
Altius, Castling team up to target Korean institutional investors
Castling Investment Group has formed a strategic alliance with Altius Associates to jointly distribute private equity, real assets and infrastructure products to South Korean investors.