Alex Lynn
Alex Lynn is Hong Kong Bureau Chief at PEI Group, leading coverage of Asia-Pacific private markets for Private Equity International and editing its daily Side Letter briefing for subscribers.
He joined the business in 2017 and previously covered the EMEA region from PEI's London office. Alex has a master's degree in Journalism from Kingston University. He can be reached at alex.l@pei.group.
Hong Kong-based Ascentium Group was founded in 2020 by James Lee, former head of Asia distribution at Credit Suisse.
Several placement agents in Asia have used the pandemic as an opportunity to pursue other avenues, such as moving in-house to GPs.
Mega-firms in China with vast arsenals of fund strategies may soon rival those in North America.
Investors are piling capital into the country’s VC sector as the memory of its distribution problem begins to fade.
Only 10% of Asian PE deals had insurance last year, versus 80% of those in North America.
The platform joins the likes of Cambridge Associates, Blackstone and Credit Suisse in attempting to capture Asia’s burgeoning HNWI opportunity.
Vision Fund II launched in 2019 and failed to secure third-party commitments on the back of the underwhelming performance of its 2017-vintage predecessor.
Caution from the SEC, combined with the sheer number of SPACs in market, could prompt sponsors to recut or restructure their economics, the law firm noted in a webinar this week.
Buhuo is the latest Chinese GP using secondaries to raise capital from what is perceived to be a more stable LP base than those at home.
Fundraising launched in the fourth quarter of last year and was entirely virtual in an Evercore-advised process.