Growth equity

The local firm has navigated Sri Lanka's political and economic upheaval to complete two exits, with a third underway, managing partner Hiran Embuldeniya tells PEI.

A lawsuit claiming racial discrimination for investment programmes for underrepresented entrepreneurs could dissuade would-be investors from funds with racial mandates.

The Bangkok-headquartered firm has so far received $195m in commitments for 10 Bridge Fund IV, partner Samon Suwannarat tells PEI.

The fund has already surpassed its €1.38bn predecessor, which closed ahead of its €1.35bn target in 2019, Private Equity International has learned.

The sovereign wealth fund posted a roughly $552 million quarterly decline in its PE holdings, according to a Wednesday portfolio update.

Documents prepared for a US pension shed light on the performance of the firm's growth funds as it seeks $9bn for its 12th vintage.

Asia-Pacific's lack of a risk premium does not mean it has underperformed, according to Hamilton Lane co-chief executive Juan Delgado-Moreira and co-head of Asia investments Collwyn Tan.

The $1.53trn pension's PE portfolio has recorded an 18.08% IRR since inception, according to its latest annual report.

The consumer giant is seeking $800m for a new regional flagship that will invest alongside country-focused sidecars targeting Japan and India respectively, PEI understands.

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.