Fund-of-funds
Macquarie to sell PE funds management unit - update
Michael Lukin, managing director at Macquarie Investment Management Private Markets, has confirmed that management will spin-out the unit from parent company Macquarie Group.
Q&A: HarbourVest's Sebastiaan van den Berg
Sebastiaan van den Berg, managing director and head of Asia at HarbourVest Partners, discusses his expectations for Australian deal flow, best practice for IPO exits, and co-investment opportunities
Pantheon hires Jie Gong from Morgan Stanley
Global fund-of-funds manager Pantheon has appointed Jie Gong, formerly of Morgan Stanley Alternative Investment Partners, as a Hong Kong-based partner with a focus on China.
LP interview: Axiom Asia
Axiom Asia has followed a consistent approach in backing small to mid-market country funds in the Asia Pacific region. Chihtsung Lam, the firm’s co-founder and managing partner, explains the strategy
Adveq appoints new Asia head
Swiss fund-of-funds Adveq has promoted Viswanathan Parameswar to executive director and chosen him to head the firm's Asia program.
Industry ponders the future of fund-of-funds - AVCJ forum
Fund-of-funds still have a significant role to play in Asia despite predictions of their demise in changing LP landscape, industry participants argued at the AVCJ Forum in Hong Kong.
Japan's Mitsubishi launches energy-focused fund-of-funds
Japan's Mitsubishi Corp. has led the launch of a $300 million US energy-focused private equity fund-of-funds. Energy Opportunity Fund is expected to reach its target by September next year.
RMB fund-of-funds: Patience is a virtue
As some global fund-of-funds struggle to raise funds, their renminbi counterparts are struggling to find a purpose – government-backed vehicles excepted. A more mature LP base should bring more demand
Fund-of-funds: Bespoke solutions
Reports of the death of fund-of-funds in Asia are greatly exaggerated – but all industry participants are diversifying their product offerings to meet specific client demands. Is it still primarily a scale game?
Korea’s Castling gets first LP commitment, targets fund-of-funds
Castling Investment Group, a start-up alternatives investment advisory firm based in South Korea, has received its first external LP commitment – totaling $80 million – from a local museum foundation. The capital will be placed into a separate account...
AlpInvest's Hong Kong secondaries head steps down
AlpInvest has confirmed that the head of its secondaries team in Hong Kong, Neal Costello, has left the company after less than a year in the role.
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...
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
LGT opens Beijing office as part of differentiation drive
LGT Capital Partners has chosen Beijing as the location for its fourth investment office globally as the firm looks to differentiate its exposure to Asia’s largest private equity market in an increasingly competitive fund-of-funds space.
Morgan Creek to deploy over half of Fund II in China – report
Morgan Creek Capital reportedly plans to deploy at least 60% of its next Asian fund-of-funds in China. The vehicle, the firm’s second dedicated to the region, has a target of $300 million.
Orix beats PE firms to buy Rabobank's Robeco
Orix has bought the asset management arm of Rabobank, Robeco, for EUR1.9 billion ($2.5 billion). The Japanese financial services firm will acquire a 90.1% stake in the company while Rabobank will retain 9.9%.
IFC raises $280m for global climate change fund-of-funds
International Finance Corporation (IFC), the private investment arm of the World Bank, has received $280 million from the governments of Canada and the UK and Azerbaijan’s sovereign wealth fund for its climate change fund-of-funds.
VIDEO: Ralph Jaeger of Siguler Guff
Pockets of growth in lower-tier cities continue to present the most enticing opportunities for emerging markets investors, says Ralph Jaeger, managing director and co-portfolio manager of Siguler Guff’s BRIC Opportunities Funds
Ascalon's Chuak Chan promoted from Asia head to CEO
Ascalon Capital Managers has appointed Chuak Chan as CEO. He joined the Australia-headquartered firm last year as head of Asia, having previously worked at Hong Kong hedge fund Segantii Capital Management, ING Investment Management and Bankers Trust in...
Hamilton Lane targets $400m FOF, 15% for emerging markets
Hamilton Lane is targeting $400 million for its latest fund-of-funds vehicle, with 15% of the capital earmarked for emerging markets. According to a document sent to prospective investors, Fund VIII promises a fairly even distribution between US and European...
Shanghai Private Equity Association to launch fund-of-funds
Shanghai Private Equity Association will partner with CITIC Securities and Bank of Shanghai to establish a RMB3 billion ($482 million) fund-of-funds.
Squadron’s Prasanna joins Morgan Creek in Shanghai
Anand Prasanna, known to many in the industry as Anand RP, will join Morgan Creek Capital Management as a director in their Shanghai office. He left his previous position as an investment director at Squadron Capital, an Asia-focused fund-of-funds, two...
AXA PE opens Beijing office, reaches halfway point on third Asia fund
AXA Private Equity has opened an office in Beijing as part of efforts to boost north Asia exposure as it seeks to raise $500-600 million for a third regional fund. With AXA Capital Asia II now 80% deployed, the firm reached a first close of $300 million...