EMAlternatives

The emerging markets specialist has already received an RMB500m commitment from the Shanghai government.

The emerging markets fund investment specialist has opened its first Asian office, headed by Judy Qing Ye, formerly a director of strategic investments at Hewlett-Packard in China.

EMAlternatives has secured its first investment, with a $100 million commitment from the California Public Employees’ Retirement System. The private equity fund investment specialist attempts to offer global investors exposure to markets they have not invested in before.

EMAlternatives has secured its first investment, with a $100 million commitment from the California Public Employees’ Retirement System. The private equity fund investment specialist attempts to offer global investors exposure to markets they have not invested in before.

EMAlternatives has secured its first investment, with a $100 million commitment from the California Public Employees’ Retirement System. The private equity fund investment specialist attempts to offer global investors exposure to markets they have not invested in before.

AlpInvest’s Ernest Lambers will be the chief investment officer of EMAlternatives, a trans-Atlantic advisory group specialising in emerging markets private equity.

The fundraising environment is proving particularly tough for specialised funds of funds that offer access to specific strategies like emerging markets, says Nicholas Morriss.

Cesar Baez, who launched Centinela in 2006, has left the firm. Baez once ran Hicks Muse Tate & Furst’s Latin America fund that had exposure to Argentina prior to the country’s default.

The investment arm of Zero2IPO Group has launched a FoF targeting RMB5bn. A final close is expected in two years.

Judy Qing Ye, a Shanghai-based director of emerging markets-focused EM Alternatives, says the time is right for a domestic FoF industry in China.

Commitments to emerging market vehicles increased by 78 percent in 2007, as the strategy becomes increasingly popular among institutional investors.