Carmela Mendoza
Thailand’s $20bn Government Pension Fund is looking to increase investments in mid-market private equity by 2020.
The Chicago-headquartered firm and its parent company, Robert W. Baird & Co, committed a third of the capital raised.
William Macaulay, executive chairman of the Greenwich-headquartered firm will step down as co-CEO, passing on day-to-day responsibilities to Alex Krueger, but will remain involved with the firm.
The direct secondaries firm formally opened its Mumbai office this week.
The Hong Kong-based firm completed fundraising for its US-dollar denominated portion but is still in market to raise the yuan tranche.
Baring Asia’s second take-private of Nord Anglia could have a profound effect on the firm’s next fundraise.
The investor is set to commit up to $25m to North Haven Thai Private Equity.
The manager expects its investment in one of Australia’s largest beef producers to serve as a platform for growth.
Go Yamashita’s appointment comes on the heels of KKR’s $9.3bn Asian fund close.
Fundraising activity in Japan has soared in the last year and overseas investors who once bypassed the country are now touching down.