Asia-Pacific

Guardian expands into emerging markets

Guardian Life Insurance will invest in emerging markets through a $100m separate account with 57 Stars, says Guardian’s head of private equity David Turner.

TPG poaches Bain executive

Bain Capital's Jingsheng Huang is moving to join rival TPG's China office and will begin his new role in late August. TPG is currently raising two separate RMB funds in Chongqing and Shanghai.

Lexington collects record $7bn for secondaries

The firm has closed its seventh fund on $7bn and has raised an additional $650m for Lexington Middle Market Investors II, a complementary vehicle to invest in ‘young’ private equity interests.

The keys to retail success

Despite concern over consumer indebtedness and spending prospects, the retail sector continued to attract private equity investment during the economic downturn. Perhaps surprisingly, this is also true of the sluggish recovery period since the UK economy emerged from recession, writes Markus Golser, senior partner at Graphite Capital.

Pine Brook hires DE Shaw private equity co-head

The former co-head of hedge fund DE Shaw’s North American private equity team will be responsible for managing Pine Brook Road’s energy sector activities.

Buyers beware

The recent fraud allegations relating to Chinese companies listed overseas may force private equity investors to reassess how they buy and seek to influence investee businesses, writes Andy Thomson.

Gavea trumps BTG with record Brazil fund

Brazilian bank BTG Pactual and Rio-based investment group Gavea Investimentos have raised buyout funds totalling $3.3bn, underlining the growing interest in Latin American private equity.

A drop in the private equity ocean

The amount raised for private equity investment in Africa last year may have been an improvement on the previous year’s total, but for a continent with strong growth and countless metrics supporting the case for investment, Africa remains a depressingly small market for the industry.

SSF vice chairman heads to CIC

Li Keping will replace Gao Xiqing as chief investment officer at CIC. Gao will reportedly continue his roles as vice chairman and president.

Asian LPs to ramp up secondaries activity

The latest Global Private Equity Barometer conducted by Coller Capital shows that 68 percent of Asia Pacific LPs will be buyers in the secondaries market over the next two years, while 42 percent of them will be on the sellers' side.