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.
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.