Sumitomo Mitsui Trust Bank related stories
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Chikyoren names new manager for domestic PEThe Japanese pension fund has selected Sumitomo Mitsui Trust Bank as its second external manager to handle its local private equity mandate.
CITIC Capital exceeds target for Japan-focused fundThe Hong Kong-headquartered firm has closed its third Japan buyout fund on $266m, beating its target of $250m.
- CITIC Capital seeks $250m for third Japan fund
The Hong Kong-headquartered firm, which is looking to raise ¥7bn more than its previous Japan-focused fund, is eyeing investments in Japanese consumer and services companies that are planning to expand in China.
- Japan Special: LP watchlist
Japan’s most active LPs have made more than 50 commitments to funds focused on the country since 2010.
- CITIC Capital seeks $250m for third Japan fund
The Hong Kong-headquartered firm, which is looking to raise ¥7bn more than its previous Japan-focused fund, is eyeing investments in Japanese consumer and services companies that are planning to expand in China.
- CVC hires former Blackstone MD as head of China
Yi Luo’s appointment comes shortly after former HSBC MD Alvin Lim was recruited to head CVC’s Singapore and Malaysia businesses.
- CVC closes Asia fund on $3.5bn
The fund, which came to market last June, has exceeded its $3bn target.
- CVC Asia fund raises $100m from Japan
Both Sumitomo Mitsui Trust and Japan Bank for International Cooperation committed to the $3.5bn fund.
- GP selection more important in PE than infra
LPs are increasingly looking for direct or co-investments in infrastructure, like in PE.
- Japan’s pension funds seek liquidity
The preference of pension funds for income-generating investments, as well as some cultural differences, shape their allocations to private equity.