Alex Lynn

Japan’s changing tastes in private equity

The number of divestitures by public companies has changed little in the past decade, but PE participation is rising.

Nissay on how it approaches private equity

As more Japanese insurers turn to private equity in the search for yield, Hikojiro Iida, co-head of PE at Nissay Asset Management, discusses its favoured strategies.

Dyal: GPs are using stake sale proceeds to capitalise on dislocation

A number of GPs are using flush balance sheets to seed their own distressed debt funds, according to firm head Michael Rees.

Carlyle's Yamada: Every business will have 'some impact' from covid-19

The firm held the final close on Carlyle Japan Partners IV last week on around $2.4bn, more than double its 2013-vintage predecessor.

Covid-19 escalation renders GP reporting ‘out of date almost immediately’

LPs are encouraging managers to discuss coronavirus over the phone as formal reporting has been limited by the speed at which the pandemic is escalating.

GPs ponder early repayments for credit lines as coronavirus threatens liquidity

Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.

Buyers question whether coronavirus triggers MAC clauses

Sponsors are also pushing for longer due diligence windows to account for disruption caused by coronavirus and to better understand its impact, a law firm has said.

Three takeaways from Bain’s latest Asia-Pacific PE report

Subdued distributions, an aversion to tech and declining valuations were among the key trends shaping private equity in the region last year.

CalPERS posts lowest PE returns of the decade after ‘precipitous’ drop

Negative returns in credit, funds of funds and emerging markets dulled the $402bn institution’s PE performance last year, investment committee documents show.

Healthcare-focused Quadria spots opportunities after raising hard-cap

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.