PAG
PAG appoints KKR dealmaker as India PE head
PAG has hired Nikhil Srivastava from KKR to lead its India private equity operations as the firm looks to expand its coverage of the country.
China PE investors prioritize long-term development - AVCJ Forum
Long-term structural reforms rather than short-term issues regarding trade tensions and liquidity preoccupy China-focused private equity investors, though they are happy to take advantage of any immediate moderation in valuations.
Book review: Weijian Shan's Out of the Gobi
Weijian Shan’s memoir ends before his private equity career begins, but it represents a remarkable on-the-ground account of a difficult period in the 20th century evolution of China
PE holding periods: The optics of exits
Should you take a 3x return today or wait for a potentially larger exit next year? For GPs, this decision is complicated by fears of a downturn, the timing of future fundraises, and conflicting LP feedback
China distress: Second cycle
Investors are looking to capitalize on the China distress opportunity, and recent activity in around non-performing loans suggests there will be enough deal flow to sate their appetites
GPs eye carve-outs from Chinese SOEs
Private equity investors expect divestments of domestic and overseas businesses by Chinese state-owned enterprises (SOEs) to become more prevalent as result of the government's sweeping efforts to reduce corporate debt levels, the Hong Kong Venture Capital...
PE-backed Tencent Music gains on US debut
Chinese music streaming platform Tencent Music Entertainment Group (TME) gained 7.7% on its US trading debut, following a $1.1 billion IPO that facilitated partial exits for several investors.
PAG confirms $6b close on third Asia buyout fund
PAG Asia Capital has announced that its third pan-regional fund has closed at the hard cap of $6 billion – confirming an AVCJ report from last week.
China's Alphamab gets $100m Series A
China’s Alphamab Oncology has completed a $100 million Series A funding round from a group of investors including PAG Growth Capital, Advantech Capital, and OrbiMed.
GP stakes: Succession scenarios
Funds dedicated to acquiring stakes in alternatives managers represent a small but growing industry niche. They target GPs with strong records, stable fee streams and a need to address inter-generational change
PAG to make first and final close of $6b on third Asia fund
PAG Asia Capital is set to make a first and final close on its third pan-regional fund on November 15 at the hard cap of $6 billion. The vehicle has been in the market for approximately six months, having set an initial target of $4.5 billion.
Chinese corporate-PE partnerships: Meeting of minds
Collaborative deals between private equity firms and Chinese strategic players reflects the more diverse range of corporates seeking outbound deals - and also a recognition among GPs that they need help growing newly-acquired assets in China
PAG-backed Tencent Music files for US IPO
Tencent Music Entertainment Group (TME), one of the world’s largest music streaming services, has filed to list in the US. PAG Asia Capital is among the company’s minority backers.
PAG terminates Home Credit investment
PAG Asia Capital has ended its partnership with Home Credit, which was agreed last year and intended to help the Czech Republic-based consumer loans company expand in China.
Tencent prepares for IPO of PE-backed music business
Tencent Holdings has taken the first step towards a US listing for its music streaming business, in which PAG Asia Capital is a minority investor.
China-US trade: Balance of power
A long-smoldering trade dispute between the US and China has begun to reverberate globally across a range of sectors. Private equity must not ignore the potential impacts
PE-backed Cushman & Wakefield prepares for US listing
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
China's Chezhibao, Tiantian Paiche secure funding
Two Chinese online used car trading platforms – Chezhibao and Tiantian Paiche (TTP) – have received a combined $225 million in funding, continuing the flood of private capital into the space.
PAG targets $4.5b for third Asian fund
PAG Asia Capital is looking to raise $4.5 billion for its third pan-regional fund, reflecting the trend among Asia’s top-tier managers to push for ever larger pools of capital.
PAG backs Chinese-led acquisition of Japan's Takata
PAG Asia Capital has supported Chinese-owned auto components manufacturer Key Safety Systems (KSS) in its $1.59 billion acquisition of assets held by Takata Corporation, a Japanese company that filed for bankruptcy following a recall of faulty vehicle...
PAG sells GP stake to Blackstone fund
The Blackstone Group’s Strategic Capital Holdings Fund has acquired a minority interest in Asia-focused alternative investment firm PAG for an undisclosed sum.
Technology: The unavoidable angle
Technology is directly or indirectly redefining business models across Asia. Private equity investors must embrace change or risk seeing returns damaged as portfolio companies are disrupted
AVCJ Awards 2017: Exit of the Year - Large Cap: Universal Studios Japan
Goldman Sachs, MBK Partners, Owl Creek Asset Management and PAG Asia Capital have profited handsomely from their efforts to bring more families to Universal Studios Japan
AVCJ Awards 2017: Deal of the Year - Large Cap: Yingde Gases
PAG Asia Capital stole a march on the competition to secure a $2.7 billion take-private of China’s Yingde Gases, dealing with feuding shareholders and complex financing along the way