Traditional buyouts slip into the shade, allowing education and technology to shine; China IPOs and secondary buyouts stay strong in a weak exit market; fundraising suffers an early-year blip
The quality of a private equity firm’s AGM says a lot about the quality of the firm itself. LPs make their assessments based on informal conversations and observations as much as what happens on stage
Having made their fortunes turning start-ups into internet behemoths, Chinese tech founders are increasingly turning to family office structures for wealth management. It is an evolutionary process
Competition is intensifying in certain segments of Japan’s middle market, driving up valuations. Private equity firms must consider how they position themselves to maximize deal flow
IFM Investors has moved from fund-of-funds through co-investment to a direct approach designed to meet its superannuation fund clients’ concerns about access, cost, and transparency. Is it working?
Despite favorable regulatory moves in recent years, Indian financial institutions remain reluctant to invest in private equity. Investors see room for optimism, but they know they are in for a long wait
Chinese companies return in strength to US bourses as investors leverage public market highs; Australia a bright spot as Asia fundraising slows; 2017 sets new record for PE investment on back of big buyouts, tech deals
Having proved an ability to return capital to LPs from its debut fund, Kedaara Capital took just three months to hit the hard cap on its second India vehicle
Lilly Asia Ventures’ rapid-fire $450 million fundraise reflects increasing LP interest in the opportunities offered by the Chinese healthcare sector
From raising the largest pan-regional fund ever seen in Asia to concluding Japan’s biggest PE buyout, KKR has enjoyed an eventful 12 months
Large-cap buyouts take private equity investment to record high; KKR leads the way in fundraising, but renminbi vehicles still distort the market; IPOs flourish amid global public markets boom
Asia’s pan-regional buyout players are raising ever larger funds and pursuing ever larger deals. Is there now more capital in this segment of the market than places to – sensibly – put it?
Infrastructure is shedding its reputation for being a sleepy sector as Asian investors join a global surge of interest in the asset class. Strategic angling for the best deals will now require a more nimble approach
Toshiba sends Japan into top spot for investment amid corporate carve-out excitement; fundraising plummets in the absence of Chinese state-backed vehicles; the IPO window opens as public markets boom
Korean institutional investors favor private debt over other alternatives asset classes because of its long tenor and stable cash flows. Multi-credit strategies are likely to launch as more capital is allocated overseas
A diverging supply-demand dynamic in private equity fundraising is threatening the GP-LP alignment of interest. Concessions on both sides are needed in the interests of long-term stability
Korean securities firms are building PE teams with a view to raising capital from third-party investors. There is government support for these efforts, but independent GPs aren’t worried about increased competition
Interest from foreign LPs in Korea’s middle-market is rising, but the segment is still dominated by domestic institutional investors. Changes to this dynamic are unlikely to arrive soon
Project funds have become popular in China on the back of increased demand for PE exposure from corporates and high net worth individuals. It remains to be seen if they have true staying power
Japan’s middle-market in fundraising flurry; Toshiba fails to make the second-quarter cut, but Asia buyouts still boom; public markets, particularly in Japan, deliver strong exits as trade sales stutter
US public pension funds are active investors in private equity, but their asset allocation policies are influenced by stakeholders’ input and limited internal resources, as well as the desire for returns
Japan’s GPIF has finally signaled its readiness to invest in alternative assets. Though contributions will likely be slow to come and limited at first, the barest hint of its intentions has wide-ranging ramifications
Encouraging trends in population, social mobility, commodities, technology, and governance standards are converging on Islamic finance. PE plays a small role with strong upside in Asia
Japan’s buyout space has been thrust into the spotlight following a flurry of fundraising activity by domestic private equity firms. Can the middle market retain its sweet spot status?