Michelle Phillips
Asia is the most attractive market for LPs worldwide, and a majority of LPs seek greater alpha through new partnerships, according to a CEPRES survey.
Carlyle is making a third attempt this year to list a portfolio company in Japan, where stock market valuations have been chronically low.
More PE-backed Australian companies aim to expand into Asia to offset slower growth at home.
Kohlberg Kravis Roberts recently opened a Singapore office, its seventh in Asia. The firm’s regional leader of Southeast Asia provides his views on a region where very few global firms have made investments.
As of Q3, Carlyle’s Asia funds on average have a lower IRR than its funds in other geographies, and co-founder Bill Conway has expressed concerns about the economies of Japan and China.
Publicly-listed companies are becoming major investors in China's PE firms, second only to public pensions, according to research firm Zero2IPO.
Australian private equity distributions have outperformed returns from the country's top 300 listed companies during the fiscal year.
Providence Equity Partners has revealed it will exit an online video platform in a sale to Baidu, just after the US-based private equity firm opened a Beijing office.
AXA Private Equity has opened an office in Beijing, aiming to find synergies between its European portfolio and Chinese companies.
Dymon Asia Private Equity held a first close on S$203 million on its debut fund just a month after launching, with significant backing from Temasek.