Carmela Mendoza is a senior reporter for Private Equity International. Based in PEI Media’s London office, she covers Asia-Pacific and Europe for both PrivateEquityInternational.com and PEI magazine. A graduate of Ateneo de Manila University, Carmela joined PEI in 2015 from a digital agency in Singapore where she worked on government websites and publications covering business, trade and industry, transport, and social development.
Southeast Asia and India focused private equity firm Creador has made a partial exit from its investment in financial services provider Cholamandalam generating an internal rate of return of 33 percent.
Over the last three years, investments from Asian sovereign wealth funds amount to more than 50 percent of the firm’s SWF commitments. The private equity giant is receiving more commitments from SWFs than historically it has ever done, Carlyle co-founder David Rubenstein said during the firm’s third quarter earnings call.