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.
The number of sponsor-led secondaries coming to market this year is expected to be bolstered by fundraising delays, rising demand in China for US dollar commitments and a backlog of transactions.
The 'vast majority' of Apollo's 1,500 LPs were satisfied with the firm's recent leadership and governance changes, Marc Rowan said on the firm's Q4 earnings call Wednesday.
About one-third of T Capital VI was committed by 11 international LPs, managing partner Koji Sasaki tells Private Equity International.
The asset manager expects to raise multiple successors to its $276m Hamilton Lane Alliance Holdings I, according to the vehicle's chief executive Andrea Kramer.
The firm expects to base up to six investment professionals in Tokyo, including several local hires, Simon Griffiths, head of private equity Asia-Pacific, told PEI.
Tower Capital Asia, founded by former Actis and 3i director Danny Koh, is seeking $300m to make highly concentrated bets in Singapore's mid-market.
LP appetite for Russian private equity has been uncertain since the 2019 arrest of Baring Vostok founder Michael Calvey and several colleagues.
The firm held a final close on Cathay Innovation Fund II on €650m last month, more than doubling the firepower of its 2016-vintage Fund I, founder MingPo Cai tells PEI.
The bank is reducing the stress capital intensity of its businesses by selling balance sheet private equity investments, chief executive David Solomon said on the firm's earnings call.
Speaking at the Asian Financial Forum on Tuesday, the Blackstone founder said it seemed 'exceptionally odd and unproductive' for the world’s two largest economies not to co-operate.