Squadron Capital Advisors
FLAG hires Myron Zhu as co-head of Asia
FLAG Capital has appointed Myron Zhu, previously head of J.P. Morgan’s alternative investments division in the region, as partner and co-head of Asia.
FLAG Squadron Asia sees exodus of senior professionals - Update
David Pierce, a partner at FLAG Squadron Asia and formerly head of the Squadron Capital team that merged with FLAG Capital last year, has resigned from the firm. Jacob Chiu, another partner, has also handed in his notice.
Strained relations: Foreign PE and financial services
Global buyout firms have seen less deal flow in South Korea in recent years, with financial services sector activity a shadow of its former self. This doesn’t necessarily mean they are unwelcome
FLAG Squadron’s Pierce named chair of EMPEA Asia council
The Emerging Markets Private Equity Association (EMPEA) has appointed David Pierce, a partner at FLAG Squadron Asia, as chair of its Asia advisory council.
Asian advocacy: PE associations reach out to regulators
PE practitioners like light-touch regulation and usually prefer to stay at arm's length from government. A combination of global and national pressures has forced industry associations to revisit their strategies
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...
Anand Prasanna leaves Squadron Capital
Anand Prasanna, an investment director at Squadron Capital has left the firm after five years to join another Asia-focused fund-of-funds. He will start his new job in mid-December.
Squadron joins forces with FLAG
The future of independent Asian fund-of-funds has long been a matter for debate if only due to the resource pressures. Fundraising can be a protracted process, which means some people spend long periods on the road; stricter compliance requirements are...
FLAG buys Asian fund-of-funds Squadron Capital
Asia-focused fund-of-funds Squadron Capital has been sold to FLAG Capital Management. The acquisition will take US-based FLAG’s assets under management to $6 billion, up from $4.5 billion, and broaden its product offering across private equity, venture...
Motilal Oswal PE in $87m second close on new fund
Motilal Oswal Private Equity has reached a second close of INR4.86 billion ($87 million) on its India Business Excellence Fund II, with Squadron Capital reportedly among the investors. The fund is expected to achieve a final close by the end of the year.
Profile: Squadron Capital's Anand Prasanna
Anand Prasanna has gone from learning about business in the backwaters of southern India to working for Squadron Capital, one of Asia’s leading indigenous fund-of-funds. He also makes angel investments
Identifying good GPs is biggest LP challenge in SE Asia - AVCJ Singapore Forum
Finding the right fund manager is the greatest challenge facing LPs investing into Southeast Asia, according to panelists at the AVCJ Forum in Singapore on Thursday. The second greatest challenge is ensuring they remain the right managers.
Boris Bong leaves Squadron Capital for J.P. Morgan
Boris Bong, a managing director at Hong Kong-based fund-of-funds Squadron Capital, has left the company. He is joining J.P. Morgan Asset Management’s private equity group, also as a managing director.
LPs raise concerns over GPs’ ability to bring good returns - AVCJ China Forum
One of the key issues in China’s private equity space is whether GPs can maintain the robust returns they made in their previous investments amid quieter IPO markets and tightening regulations. LPs who participated in AVCJ China Forum 2012 continue...
Bridging the gap: China fund T&Cs
Differences between the Chinese and US private equity markets are reflected in fund terms and conditions. LPs that back managers operating US dollar and renminbi funds should look carefully at the small print
NSSF selects eFront to help improve asset management practices
EFront, a financial software provider to investors in the alternative assets space, has agreed to work with China's National Council for Social Security Fund (SSF).
Operating partners: The social network
Operating partners now form the backbone of most private equity firms, in a variety of different guises. Samena Capital’s take on this concept recognizes the importance of relationships in Asia
Asian fund-of-funds: In the balance
Do Asian fund-of-funds have the scale and selling points to survive in an increasingly complex and competitive market?
China exits: How much longer can the pre-IPO party last?
Chinese private equity funds that were drawn into the market by high public exit valuations are being given pause for thought. It represents a tipping point for Shenzhen’s ChiNext and SME Boards
Towers Watson hires professionals from Squadron, Navis
Professional services provider Towers Watson has appointed Richard Tan and Agnes Lee as senior private markets consultants in Hong Kong. As part of the company’s private markets research team, they will focus on helping private equity firms and other...
Archer Capital buys fast-food chains from Quadrant
Australia’s Archer Capital has bought Quick Service Restaurant Holdings (QSRH) – the company behind local fast-food chains Red Rooster, Oporto and Chicken Treat – from Quadrant Private Equity for A$450 million ($474 million).
Vehicles of the state
Closely followed yet widely misunderstood, sovereign wealth funds are making a big impression on private equity in Asia
Squadron launches $150m vehicle with Finnish pension fund
Global fund of funds manager Squadron Capital has launched the $150 million Keva Squadron Emerging Asia Fund I, fully funded by Squadron professionals and Finnish pension fund Keva. The vehicle will target SMEs in China, India and Southeast Asia, with...
Asia Pacific fund terms to fore in tough times
The latest Asia Pacific Private Equity Fund Terms Survey from independent fund of funds group Squadron Capital highlights a few shortcomings in regional funds’ adherence to the Institutional Limited Partners Association (ILPA) principles, increasingly...