News
Marks: Strong assets more important than hedging forex risk
Hedging foreign exchange risk is a useless exercise for private equity firms compared to the importance of buying strongly performing assets, Oaktree chairman Howard Marks said at the AVCJ Investment Summit on Thursday.
Quotes from the AVCJ Investment Summit
A selection of notable remarks from the second day of the AVCJ Investment Summit on Thursday.
RMB fund vs. USD fund issue losing importance - AVCJ Forum
The internationalization of the renminbi is rendering the US dollar fund versus renminbi fund debate increasingly irrelevant, according to panelists at the AVCJ Investment Summit on Thursday.
Quotes from the AVCJ Investment Summit
A selection of notable remarks from the first day of the AVCJ Investment Summit on Wednesday.
Coulter, Rubenstein look at PE of the future – AVCJ Forum
Diversification and standardization were the watchwords as James Coulter, founding partner of TPG Capital, and David Rubenstein, co-founder and managing partner of The Carlyle Group, addressed the future of the global private equity industry at the AVCJ...
Private equity ‘should be renamed growth capital’
PE investment should be renamed ‘growth capital’ due to the negative connotations surrounding the term ‘private equity’, Providence Equity Partners’ Jonathan Nelson said at the AVCJ Investment Summit yesterday.
Carlyle’s David Rubenstein: PE fundraisers will turn to Skype
GPs looking to raise funds will turn increasingly to online mediums such as Skype and video conferences, said David Rubenstein at the AVCJ Investment Summit in Hong Kong on Wednesday.
Origo sets up Mongolia JV with Trafigura
Origo Partners will form a 50-50 joint venture with leading global commodity trader Trafigura to develop iron ore and coking coal projects in Mongolia. The companies want to export several million tonnes a year of coking coal and iron ore to China by...
Ex-banker targets $1b fundraise for Indonesia vehicle
A former investment banker with Bank of America in Asia is looking to raise a $1 billion private equity fund targeting Indonesia. It will launch in the first quarter of next year, with a view to making a first close within three months.
Investors eye openings in Asia special situations
Distressed opportunities are being flagged up as a key investment area in Asia as several economies in the region face slowing growth and tightening monetary conditions.
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.
Western strategic partnerships ‘lead to conflict’
Partnering with strategic investors based in the West often leads to difficulties for Asian portfolio companies, Frank Tang of Fountainvest Partners said at the AVCJ PE Leaders' Summit in Hong Kong yesterday.
GPs highlight merits of differentiation – AVCJ Forum
General partners stressed the need for differentiation in devising strategies to capitalize on private equity growth in Asia Pacific.
Archer Capital, Bilden scoop top honors at 2011 AVCJ Awards
Archer Capital claimed two of the top prizes at the 2011 Asian Private Equity & Venture Capital Awards on Monday night, as the Australian PE firm was named Firm of the Year and Managing Director Peter Wiggs won Private Equity Professional of the Year.
Carlyle invests in Fabindia, Wolfensohn exits
The Carlyle Group has outbid its private equity competitors to buy a stake in Fabindia, in a deal which values the ethnic wear chain at INR14 billion ($286 million).
Quadrant sells Australian jeweler to Indian trade player
Quadrant has sold its Australian portfolio company The Jewellery Group to M Suresh Group DMCC, a global jewelry maker based in Mumbai.
Leopard Capital closes Sri Lankan subsidiary
Leopard Capital has closed its Sri Lankan subsidiary this week, further confirming that its country fund has been suspended until further notice.
PE firms close in on Yahoo acquisition
Several prospective buyers of Yahoo have signed confidentiality agreements in order to get a closer look at the company’s finances.
Gresham seeks buyer for New Zealand's Noel Leeming Group
Australian PE firm Gresham has reportedly appointed Macquarie Group to advise on the sale of New Zealand appliance retailer Noel Leeming Group, an asset that it has owned for seven years.
Morgan Stanley PE acquires Korean restaurant chain
Morgan Stanley Private Equity Asia (MSPEA) has acquired an undisclosed majority stake in Korean restaurant chain Nolboo.
Mandarin Capital to launch $1.4b second fund
Sino-European private equity firm Mandarin Capital Partners has announced plans to launch a $1.4 billion fund in 2012 to allow Chinese firms to make overseas acquisitions.
ICICI Venture circles Videocon Industries unit
ICICI Venture, the private equity arm of India’s ICICI Bank, has expressed an interest in buying Videocon Industries’ direct-to-home (DTH) broadcast services unit, D2H.
Australian PE investment at ‘highest level for three years’
Private equity and venture capital firms contributed A$3.6 billion ($3.7 billion) of capital to Australian companies this year, representing the highest amount invested for three years.
Renuka Ramnath confirms $450m raise for Multiples
Multiples Alternative Asset Management, founded by Renuka Ramnath, former CEO of ICICI Venture, has raised INR20 billion ($450 million) for its first fund.