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.
The firm made the investment through its third Asia buyout fund and its debut life sciences fund.
Asian investors are increasingly favouring US and European investments over their home markets as liquidity in the region is still deemed an issue, according to Markus Benzler, UBS’s multi-manager head.
Mid-market firm Unison Capital made its investment in ‘izakaya’ DINAMIX from its fourth buyout vehicle which closed on $630m in 2015.
Seoul-based Samyang Optics saw increased revenues and a nearly two-fold boost in EBITDA under VIG Partners, through a change in strategy and streamlining of its operations
The firm’s Asian Fund III, raised in less than seven months, has now surpassed its $6bn predecessor Fund II as the region’s largest fund.
The firm’s investment will be used to further institutionalise and expand the business in China.
.jpg "First Avenue opens Seoul office")
Richard Kim, a principal at the placement firm will head the new office.
Mitsubishi UFJ was also hired by the Tokyo-based pension fund last year to manage its second global infrastructure allocation.
The firm has teamed up with the internet giant Tencent to back China’s first “unicorn” in online tutoring.
.jpg "CIC officially opens NY office")
China’s $810bn sovereign wealth fund is eyeing US infrastructure projects and high-tech manufacturing investments.