Buyout

Co-investments play a key role in its decision to partner with first-time funds and emerging managers, partner and head of Europe Rune Jepsen tells PEI.

Manulife IM has added four APAC GP relationships this year, comprising two in India, one in Australia and another in Japan, senior managing director Liam Coppinger tells PEI.

The proposals could bring greater certainty for overseas private equity firms and ‘level the playing field’ with their Australian counterparts, according to legal experts.

The firm also closed a large secondary deal that raised about $2.1bn, which the firm combines to consider a total fundraising of more than $24bn, sources told affiliate title Buyouts.

The asset manager is in market with its debut artificial intelligence fund and was gearing up to launch a brace of Chinese private equity funds this year.

Smaller managers are under pressure to commit to their own funds as LPs seek stability in a volatile market.

More than 80 India focused funds collected around $16bn between them over the past two years, according to PEI data.

MBK's China portfolio posted a 45% gain last year, compared with 29% and 12% percent for Korea and Japan, respectively, founder Michael B Kim noted in a letter to LPs.

Tokyo Stock Exchange reforms are presenting take-private opportunities for GPs, including KKR.

Japan’s private markets brace for greater levels of interest.