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 Singaporean firm held the final close on Quadria Capital Fund II on $595m after raising its hard-cap from $500m, managing partner Abrar Mir tells PEI.
Yasuyuki Tomita, who was promoted from DBJ Asset Management last year, will oversee the development of a growth equity platform targeting domestic SMEs.
The fund's investors are predominantly regional banks and local financial institutions looking to generate additional business opportunities within their respective locales, PEI understands.
The private equity giant has said its business could be damaged by allegations of improper conduct or press speculation – whether valid or not.
The group did the same for Tata Capital Growth Fund II, which is expected to hold a final close below target in H1 2020.
Deal sourcing will be led by Peng Fu, a former MD at Chinese investment manager Fosun, according to an investor email seen by PEI.
Managing director Ken Wong talks fund families, paying up for Aussie assets and coronavirus fears.
Funds in the region have retained a significant proportion of unrealised value due to a tricky exit environment, exacerbated by a predilection for minority investments.
The Japanese tech conglomerate has preemptively spent $1.7bn from new vehicles established to hold assets that are expected to be treated as the initial investments of Vision Fund 2.
Businesses such as McDonald’s China, which is owned by the Carlyle Group and CITIC Capital, have announced temporary closures in certain regions.