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.
This is the firm’s third investment in China’s waste management sector.
The fund of funds manager expects global growth across all markets in the coming months to be lower and the pressure is on LPs to make sound fund selections, says Hamilton Lane chief investment officer Erik Hirsch.
Postal Savings Bank of China has attracted investment worth RMB 45.1bn from 10 high profile strategic investors, including the Canadian pension plan.
Private equity firms in Asia are facing fierce competition and the only way to succeed is through operational value creation, according to AlixPartners’ Private Equity Value Creation in Asia-Pacific Survey.
During its investment in Jamna Auto Industries, Clearwater helped the company reduce its debt, consolidate its market position and rebuild its distribution business to increase margins.
The Japanese firm invested in energy solutions provider ESCO through its second fund, which is now about 55 percent deployed.
The $400m investment in the Abu Dhabi-owned football business values it at $3 billion and will help it expand in China.
Private equity lawyers based in Asia tell Private Equity International that CalPERS’ disclosure of its carried interest data should be viewed from the perspective of returns.
More industry consolidation is expected as Japan reforms its insurance law.
The firm expects to offload its remaining share in the motorcycle maker and raise about $115 million.