Buyout

NIIF is seeking $1bn for its sophomore fund of funds and plans to expand its private markets business with dedicated secondaries vehicles, managing partner Anand Unnikrishnan tells PEI.

The $1.6bn BPEA EQT Mid-Market Growth Fund is nearly 18% deployed across four deals, two of which came from India, partner Nicholas Macksey tells PEI.

Speaking at SALT iConnections in New York, Weijian Shan, co-founder of pan-Asian giant PAG, said buyouts gave China investors more exit options than growth and venture deals.

The firm’s founder told HKVCA’s Greater China PE Summit that pessimism about China’s economy was overblown, citing its increasing capacity for innovation and world-class manufacturing capabilities.

The Mumbai-based manager, which closed a $700m continuation fund in April, will begin fundraising for its 10th flagship this year, PEI understands.

Asia Fund VIII, which closed below target, is TPG’s largest Asia-focused fund, according to the firm's latest earnings call.

Is the growth of private equity investment in US healthcare perpetuating health inequity?

Cbus now requires a co-investment ratio of at least 1:1 from any new GP relationship, CIO Brett Chatfield tells PEI.