Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
%2080.jpg "Korean institutional investors move towards alternatives")
The low interest rate environment and a shrinking domestic market means Korean institutional investors have nowhere to go but alternatives.
.jpg "Australia sees rise of spin-outs")
The private equity industry Down Under is undergoing a generational shift, with a crop of new groups emerging from established players.
Fundraising in the region picked up in the first six months of 2017 compared to the same period a year ago, largely boosted by KKR’s $9.3bn pan-Asian fund.
Singapore-based Quadria Capital, which recently struck two deals in Indonesia and Vietnam, looks set to launch its next healthcare fund in 2018, says founder Abrar Mir.
The pan-Asian manager is considering modifying its portfolio construction philosophy for future funds to include around 15 much smaller deals alongside its core $50m to $150m range.
Singapore investment company Temasek Holdings divested $13bn of its assets over the past year, exceeding investments for the first time since 2009.
%2080.jpg "GIC boosts PE exposure to bolster returns")
The Singapore sovereign wealth fund said it is set to increase its private equity holdings to as much as 15% of its portfolio, as it prepares for a period of uncertainty and low returns.
The $3bn-plus deals recorded in the first half of 2016 was largely driven by KKR’s acquisition of Hitachi Koki and Hitachi Kokusai.
With Australia’s shrinking GP base and tighter regulation on fees, superannuation funds are increasing exposure to direct deals, according to Willis Towers Watson's director of manager research for Australia.
Yong Hak Huh joins the firm as a special advisor to expand the firm’s relationships with family and institutional investors in the region.