LPs
Pension funds still committed to pan-Asian, global funds
Institutional limited partners are becoming more nuanced in their appreciation of private equity opportunities in the region but this doesn’t necessarily signal a wholesale shift away from pan-Asian or global funds.
Asia's sovereigns: Partners or competitors?
Asian sovereign wealth funds are increasing their exposure to private equity firms globally. They have one eye on returns and another on beating GPs at their own game
Asia ex-Japan pension fund assets to reach $4t by 2015
Assets held by pension funds in Asia ex-Japan and Australia stood at $2.2 trillion at the end of last year and are set to reach $4 trillion by 2015, largely fueled by an expanding middle class.
Korea Post unit looks to invest in global secondary funds
Savings Bureau of Korea Post, one of South Korea’s largest state-controlled institutional investors, is looking to invest at least $30 million in a global secondary fund. It represents one of the savings bureau’s first forays into alternative investments...
CalPERS to appoint CFO, place limits on staff departures
The California Public Employee Retirement System will introduce a CFO position and toughen the timelines for when board members and staff can move to certain other jobs. The provisions, aimed at improving accountability, are included in new legislation...
EQT, TPG funds reflect Asia's PE power
Asia's growing significance in the private equity world was further confirmed in two separate fundraising events last week. First in Europe, where EQT Partners announced that Asia Pacific LPs were responsible for nearly one quarter of total commitments...
WL Ross struggles to raise new fund
WL Ross & Co. has cut its target for its latest fund to $2-2.5 billion, having raised little more than one tenth of the $4 billion it set out to attract last year, The Wall Street Journal reported, citing people familiar with the situation.
Asia Pacific LPs put up nearly 25% of EQT's $6.5b fund
EQT Partners has raised EUR4.75 billion ($6.5 billion) for its sixth European buyout fund, with Asia Pacific LPs accounting for 23% of commitments, up from just 5% in the firm’s previous vehicle. According to people familiar with the situation, Chinese...
Japanese LPs: Conservative investors
With Japanese LPs still wary of private equity investing amidst ongoing global economic uncertainty, GPs find it difficult to secure commitments
Partners Capital opens in Hong Kong
Partners Capital, a private investment office with more than $7 billion of assets under management, has opened a branch in Hong Kong, its first in Asia Pacific.
Asia LPs are raising PE allocations, says Warburg Pincus' Landy
Joseph Landy, co-president of Warburg Pincus, said that limited partners in Asia are maintaining or increasing their allocations to private equity on a percentage basis, despite the global economic downturn.
Trustbridge receives $30m from Arizona pension fund
Trustbridge Partners has received a $30 million commitment for its fourth fund from the Arizona Public Safety Personnel Retirement System. An India sidecar fund on JPMorgan’s Asian Infrastructure & Related Resources Opportunity (AIRRO) Fund will get $25...