GPs
Asia remains global leader for female representation in PE
Women occupy 14.5% of senior roles at private equity firms in Asia, up from 11.8% in 2014, and a higher proportion than any other major market globally.
Clarity calls: The PE take on India's budget
The first full budget by Prime Minister Narendra Modi’s government was one of the most eagerly anticipated events for Indian private equity since last year’s election. Did it live up to the hype?
VIDEO: Shearman & Sterling's Lorna Chen
Chinese GPs that made their names with renminbi-denominated funds and then sought to launch US dollar vehicles are finding it harder than they expected to win over international LPs, according to Lorna Chen, a partner with law firm Shearman & Sterling
Australian LPs sacrificing higher returns due to fee concerns - AVCJ Forum
Australians are missing out on higher returns on their retirement savings as a result of superannuation funds’ preoccupation with the fees charged by private equity managers and their reluctance to participate in the asset class, industry participants...
Japan's SBI, Thailand's Finansia form SE Asia PE venture
Japan's SBI Holdings and Thai financial group Finansia has together set up SBI Finansa Private Equity Partners to target investment opportunities in Southeast Asia.
Asian GPs and AIFMD: Shades of gray
Many Asian managers are coming to terms with how the EU’s Alternative Investment Fund Managers’ Directive might impact their fundraising plans. Unfortunately the legislation remains difficult to fathom
Western LPs still expect Asian PE to deliver a risk premium
Asia has become an established part of most North American and European LPs’ global private equity portfolios, but they still expect the region to deliver a risk premium over their home markets.
Deal-by-deal fundraising: Incremental approach
Deal-by-deal fundraising is on the rise in Asia, driven by the difficulties less experienced GPs face when raising a blind pool and LPs’ willingness to go direct. It’s a great strategy, provided you have momentum
Musical chairs: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2014
AVCJ Awards: PE Professionals of the Year: KKR's David Liu & Julian Wolhardt
David Liu and Julian Wolhardt lead KKR’s Greater China private equity team, with Liu also serving as co-head of Asia private equity. They look back on a busy 12 months
Q&A: Rabo Equity Advisors' Rajesh Srivastava
Rabo Equity Partners is in the process of raising its second India agribusiness fund. Rajesh Srivastava, a managing director at the firm, offers his views on the tailwinds and headwinds driving the sector
Australia's Crescent Capital closes Fund V at $565m
Crescent Capital Partners has reached a final close on its fifth Australia and New Zealand-focused fund at the hard cap of A$675 million ($565 million) after only 10 weeks in the market.
GP-LP relations: Trust issues
“GPs think LPs are liars" - it is a sensational designed to draw attention to an issue that is nearly as old as institutional fund management itself. Numerous past surveys and mountains of anecdotal evidence suggest that communication problems and mutual...
India fundraising: Moment of truth
With investor sentiment in India’s public markets on a roll, a host of mid-market private equity firms are either in fundraising mode or about to enter it. For some managers, at least, it will be a difficult process
India PE: Reasons to be cheerful
Indian private equity is, gradually, regaining favor with institutional investors. Further proof of this came at our recently concluded AVCJ Forum in Hong Kong, widely regarded as a bellwether for the Asian private equity industry. The usually – as...
Australia’s Archer Capital cuts size of fund
Australian GP Archer Capital has cut the size of its fifth fund – which reached a final close of A$1.5 billion ($1.2 billion) in late 2011 – by returning A$300 million in commitments to LPs.
Asia fundraising: How much is too much?
Ever increasing fund sizes have become a fact of life for some private equity firms in Asia. LPs must distinguish between GPs raising more capital for a valid purpose and GPs doing so simply because they can
LPs offer mixed views on GP ownership - AVCJ Forum
Taking a stake in the GP offers benefits to LPs looking to align interests, but not all are willing to do so at the cost of a fund manager's independence.
Best practices plus local skills give Asian GPs the edge - AVCJ Forum
The adoption of industry best practices could give Asian GPs the edge over global players in a regional market that is evolving along different lines to other parts of the world.
PE firms must strike balance between expanding, preserving culture - AVCJ Forum
Private equity firms that expand across multiple strategies benefit from having an institutionalized platform, but creating a consistent culture and delivering consistent performance can be challenging, industry participants told the AVCJ Forum.
Location, talent will define Asia's GP winners - AVCJ Forum
As the Asia's PE market matures, the winners and losers will be defined by those who not only leverage their local presence, but also retain the necessary talent, say industry participants.
Private equity firm names: A brand apart
As private equity becomes more of a mainstream asset class, brand-consciousness kicks in. Finding a suitable name can be a challenge, particularly when operating in multiple markets and languages
Asia PE performance: Special measures
Asian private equity has, by some accounts, failed to meet LP expectations in terms of risk-adjusted returns. With GPs under pressure to show they can be company builders, is specialization the inevitable end game?
LPs suffer by chasing growth – AVCJ Forum
Investors in private equity funds are often preoccupied by analysis of potential growth trends and neglect close due diligence of a GP’s ability to generate value over a sustained period of time, industry participants told the AVCJ Korea Forum.