East Asia

Report: LPs align to demand better deal terms

The 10th largest public US pension has said a group of large institutional investors, including a sovereign wealth fund, are discussing how best to group together to obtain more favourable deal terms. The LPs are also reportedly conferring on investments in private equity firm franchises.

CVC Asia Pacific invests $225m in China-listed bottle maker(3)

CVC Asia Pacific has spent $225 million to acquire shares in a bottle maker in the largest private equity investment in tradable A-shares of a China-listed company.

Lord Malloch-Brown says industry can help end poverty

The UK's Minister for Asia, Africa and the UN called on emerging markets managers not to shirk their social and enviromental responsibilities in the countries where they invest.

Tembusu rolls out emerging Asia programme

The Singaporean private equity firm is raising a fund to target quoted companies in its emerging market territories.

‘Mother of all tax hikes’ opposed by industry groups, Republicans(3)

The Private Equity Council, National Venture Capital Association, International Council of Shopping Centers and many Republican lawmakers have come out in opposition to legislation introduced yesterday that would significantly increase US taxes for alternative investment fund managers.

Blackstone hires former H&Q pro(2)

Former H&Q Asia Pacific managing director Andrew Kuo has joined The Blackstone Group’s growing Hong Kong staff as a managing director for greater China.

Adveq opens Beijing office, closing $200m fund(4)

Adveq, the Swiss fund of funds, has opened its first Asian office at the same time as closing its debut fund for the region.

Pantheon and Nova pick up laboratory group for £75m(2)

Pantheon Ventures and secondary investor Nova have bought the scientific laboratory business of Barloworld as it looks to grow the business overseas.

Arsenal opens Shanghai office

Arsenal Capital Partners is the latest private equity shop to open an Asian office. It is the firm’s first office abroad.

DFJ continues global expansion(4)

Two weeks after announcing its newly-formed Russian affiliate, Draper Fisher Jurvetson has established an Israel fund in conjunction with Israeli VC firm Tamir Fishman Ventures.