GPs
Q&A: Jupiter Capital's Indika Hettiarachchi
Indika Hettiarachchi, director at Sri Lanka-based Jupiter Capital Partners, outlines why India’s economic troubles could help other South Asian countries get a bigger share of investment in the region
Qianhai: Beyond the hype
The Qianhai economic zone in Shenzhen is being primed as China's next global financial services hub, a place where private equity firms can raise local currency funds from overseas investors. How is it getting on?
The churn factor
Mid-cap Asian GPs are no strangers to staff turnover, with volatility tracking the peaks and troughs of different regional markets. In times of plenty, when China and India were booming, it seemed that a week couldn't pass without a manager spinning out...
GP turnover delivers improved fund performance - study
High turnover among GPs leads to improved fund performance, according to a new study conducted by Capital Dynamics and the London Business School (LBS). While the findings appear to turn the prevailing notion that stable teams deliver the best returns...
Financial technology: The new normal
Initiatives are in place to make private equity reporting faster, more detailed and completely standardized. Are the guidelines a good fit for the industry in Asia and what are GPs doing to meet them?
Asian GPs under pressure to return capital to investors – AVCJ Forum
Asian fund managers are under pressure to return capital to investors as patience wears thin with promises of returns to come, despite the regional growth story being far from over, industry participants told the AVCJ Singapore Forum. These sentiments...
KKR raises largest-ever pan-Asia private equity fund
KKR has announced a final close of $6 billion on its second pan-Asian fund. Coming in 50% larger than its 2007 vintage predecessor, the fund is the largest regional private equity pool ever accumulated.
VIDEO: David Grayce of Pacific Equity Partners
Take-private opportunities emerge at certain points in a market cycle, driven by the cost of funding a deal – in debt and equity terms – versus the market valuation of the asset. In Australia another factor as also come to the fore in recent years: shareholder...
CITIC Capital's Yichen Zhang joins EMPEA board
Yichen Zhang, chairman and CEO of CITIC Capital, has joined the board of directors at the Emerging Markets Private Equity Association (EMPEA). He will also sit on the organization’s Asia Council.
Saratoga vehicle raises $151m in IPO, will invest with institutional fund
A vehicle containing legacy assets that predate Saratoga Capital’s institutional funds has raised $151 million through an IPO in Indonesia. Saratoga Investama Sedaya (SIS), which is controlled by the private equity firm’s founders, Sandiaga Uno and Edwin...
China GP differentiation: Plain vanilla no more
Independent funds have dominated Chinese private equity, but now princeling and affiliate funds have entered the market, offering their own competitive edge. GPs are realizing the merits of differentiation
China value-add: Empty promises?
Pulled by a desire to buy and build or pushed by a need to address restricted exit options, PE firms in China are placing greater emphasis on operational value-add. LPs must decide who’s all talk and who is action
Internal tensions
Henpecked husband versus nagging wives - this was the description attached to the china GP-LP relationship in a recent paper. It makes one think of the times fund managers have remarked on getting phone calls from some of their, erm, keener fund-of-funds...
Structured solutions: GPs consider equity alternatives
Mainstream GPs in Asia are becoming more open to investments based on debt rather than equity, addressing entrepreneurs' reluctance to give up stakes in their businesses. How significant is the opportunity?
Something special
It wasn't long ago that Chinese GPs would turn their noses up at any suggestion of specialization. Buoyed by a flood of capital into private equity, the growth capital space morphed into a giant deal shop, with private equity firms pursuing several times...
Australia's IFM assumes control of Hastings PE fund – report
Australia’s Industry Funds Management (IFM) will reportedly assume control of Hastings Private Equity Fund II from Hastings Fund Management. According to AVCJ Research, IFM is among the LPs in the $180 million vehicle, which closed in June 2005 and made...
Princeling funds: Who's your daddy?
Another month, another princeling fund. Okay, so they're not that prolific but there is a familiarity to PE platforms built upon the shoulders of Chinese leaders' offspring in terms of the nature of their emergence.
Q&A: Vogo Investment's Jason Shin
Jason Shin, managing partner of Vogo Investment, explains why South Korean company owners’ preference for local partners goes well beyond foreign private equity’s well publicized scrapes
IFC may anchor Thailand-focused Lakeshore fund
The International Finance Corporation (IFC) is considering a commitment of up to $20 million to Lakeshore Capital Fund I, a Thailand-focused GP that is seeking to raise $100 million.
Asia PE firms lead world in female representation – study
Asia-based private equity firms have a higher proportion of women in high-level roles than their North American and European counterparts, according to a new study.
PE recruitment: New territory, new talent
Indonesia has become a priority for global and regional PE firms looking to source deals in a high-growth market. The first step is finding the right people, and it’s not easy
Tougher this time
A number of PE executives - old enough to have seen several cycles – have commented on how difficult the fundraising environment is at present. “I thought my last fundraising [in 2004] was very difficult. Now that I am raising my current fund, the past...
Hong Kong extends offshore funds tax exemption to private equity
Private equity investors will qualify for the profits tax exemption extended to offshore funds in Hong Kong as part of government efforts to encourage more vehicles to domicile in the territory.
AVCJ launches iOS app
Those readers who were around 10 years ago are likely to have stark memories of Severe Acute Respiratory Syndrome, or SARS, the disease that struck fear into Asia's communities and temporarily laid waste to economies. Needless to say, private equity and...