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.
Taiwan’s largest pension plans to nearly double its allocation to foreign alternatives to $7.4 bn by the end of 2016 to achieve higher returns and to diversify its portfolio.
Yi Luo’s appointment comes shortly after former HSBC MD Alvin Lim was recruited to head CVC’s Singapore and Malaysia businesses.
Takeshi Fukushima, who was previously chief investment officer of GI Capital, is replacing Shinichi Kawano.
The fund initially targeted $150 million.
The firm’s investment comes from $210 million buyout vehicle Sunrise Capital II.
Jeffrey Perlman, a Hong Kong-based managing director at the firm has relocated to Singapore and will serve as South-East Asia head.
The investment arm of the World Bank had recently partnered with Apollo to target distressed assets in emerging markets.
The $37bn Khazanah is setting up in London as it looks to diversify its holdings away from Malaysia, China India and the US.
RRJ, Hony, MBK and Baring Asia raise a combined $30.4bn.
The fund will invest in small businesses in Europe, combining European management with an Indian manufacturing base.