Opinion
Private equity dodges US regulatory bullets?
A couple of much-anticipated US regulatory developments for private equity that were definitely calculated to affect the industry in Asia Pacific, and indeed, worldwide, appear to either have closed, or be on the point of closing, with relatively positive...
LP t&c issues as power balance shifts
The debate over the impact of the GFC on the balance of power between GPs and LPs has focused much on whether any power shift is real, or just cosmetic.
Asian private equity – size does matter?
As a house publication for an industry that was little understood and less visible throughout all but its most recent history in Asia Pacific, AVCJ has long leaned towards the optimistic in its portrayal of the impact of private equity in the region....
Caution: Lower returns ahead?
Recently, as astute readers will remember, the EMPEA/Coller Capital Emerging Markets Private Equity Survey showed great expectations among LPs in emerging markets private equity funds.
Location, location, location
Hong Kong and Singapore residents have long been used to the competition between the two regional centers in terms of quality of life, friendliness to business, and just about every other metric going.
Shoot the messenger
The European Union, as the price for bailouts running into the billions, has taken over the governments of Greece, Spain and Portugal, as their new controlling shareholder, while also assuming control of Germany’s provincial banks and the local government...
Patient capital?
Going by some informal feedback to AVCJ, one could be forgiven for thinking that many LPs have learned nothing from the GFC.
And the second shall be first
Secondary deals, forecast for months now to see significant new volume across Asia Pacific, are fulfilling those predictions, as GPs pass investees from hand to hand.
Shenzhen turns pig parts into gold?
Goldman Sachs seniors still trembling from their grilling before the US Senate and the news of a criminal probe by federal prosecutors could take comfort in at least one win for the reeling banking giant last week – the stellar IPO of Shenzhen Hepalink...
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
Caveat emptor
Only a few weeks ago it was all looking so easy for Asia Pacific dealmaking.
Capacity limits in AsiaPac?
A blast from the (recent) past blew in from the US last week, with the news that US investment group Fraser Sullivan had issued the first collateralized loan obligation (CLO) from a major financial house in over a year.
Dance till the music stops?
As this week’s news demonstrates, more large deals are coming to market in what looks like a great spring for private equity deals across the region.
The mill wheels churn
Two big investments in one week follow two major trade sales in the previous week.
SWFs in AIA Pru-ve power shift
A deal hailed as a once-in-a-lifetime event looks about to put headline numbers against international appetite for Asian growth.
Private equity and corporate power
From time to time, all kinds of interesting documents cross our desks at AVCJ. One such recent one was a fundraising proposal from a prominent, high-profile and rapidly expanding Asian branded business, seeking to raise a follow-on private equity fund...
IPOs a mixed bag for HK, China
The recent poor performance of IPOs on the Hong Kong Stock Exchange is a stark contrast with the upward trend of 2009’s world IPO leader.
New alignments, new businesses
New regulations and new fund realignments look set to push more private equity activity to Asia.
Sovereign risk overtakes sovereign wealth?
As the echoes of President Barack Obama’s thunderbolt against the banks, hedge funds and private equity continue to reverberate around financial circles, greater uncertainty – rather than certain doom – seems to be about to rain down on us.
To market, to market, to market we go
Last year, in the first half of 2009, private equity fundraising fell 60-70% according to various estimates. This year, executives in private equity all seem to be racking up the air miles, on a mission to convince LPs around the world that they have...
CalPERS places spotlight on placement
One not strictly Asia Pacific development that emerged lately – but one that certainly has implications for GPs here – is the latest wrinkle in the ongoing controversy over the relationship between California Public Employees' Retirement System (CalPERS)...
Venture bounces back – for some
Amid all the gloom and despondency over fundraising, especially in once-favored sectors like venture capital, it’s good to see an outsize success – especially when the firm in question is a long-time Asia investor.
Riding the tiger in 2010?
The year ahead could offer peril as well as promise.
That was the year that wasn't?
Another year gone – unlike any other.