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Weekly Asia News (Friday)

Weekly Asia News (Friday)
Australia

KKR and KKR Capstone enhance operations in Australia

Mon, 17/11/2014 - 17:37

The majority of Asian retail investors are self-directed, or do-it-yourself (DIY) investors, not relying on financial advisors to make their investment decisions. »

Headshot of Auda Eunseok

Auda appoints Eunseok So to Asian private equity team

Mon, 17/11/2014 - 10:07

Private equity investor Auda International has appointed Eunseok So as a Senior Vice President, based in the firm’s Hong Kong office.  »

Handshake and money

CITIC Limited and KKR jointly invest in United Envirotech

Thu, 13/11/2014 - 12:01

CITIC and KKR jointly have formed a consortium to make a pre-conditional voluntary offer (VGO) for all the shares in United Envirotech Ltd (UEL). »

Hong Kong

Auda appoints Lucian Wu to Asian PE practice

Mon, 10/11/2014 - 06:03

Private equity investor Auda International has appointed Lucian Wu as a managing director, based in the firm’s Hong Kong office. »

China flag

Columbia Pacific Management to take healthcare expertise in Asia to China hospitals

Thu, 06/11/2014 - 14:00

Columbia Pacific Management – one of the largest healthcare providers in Asia – is bringing its international expertise to the China hospital market.   »

Hong Kong

Evercore Private Funds Group strengthens Asia Pacific presence

Mon, 03/11/2014 - 16:00

Evercore’s Private Funds Group has made two new hires in its Hong Kong office, expanding the team’s current activities in the Asia Pacific region. »

Singapore

Maples and Calder strengthens Singapore presence

Mon, 03/11/2014 - 14:10

International law firm Maples and Calder has appointed Michael Gagie to the role of managing partner of the firm's Singapore office and has promoted associate Jess Stock to of counsel. »

Handshake and money

Sequoia leads USD8m investment in Zoomcar

Fri, 31/10/2014 - 11:40

Indian car rental company Zoomcar has secured an investment from private equity firm Sequoia Capital.  »

Hong Kong

Asia Climate Partners establishes HQ in Hong Kong

Wed, 29/10/2014 - 11:43

Asia Climate Partners (ACP), a joint venture by the Asian Development Bank, ORIX Corporation and Robeco Institutional Asset Management, has launched its headquarters in Hong Kong. »

Exit sign

Adamas sees 28.2 per cent IRR from latest exit

Thu, 23/10/2014 - 12:31

Investment fund Project Innovation has exited from another Chinese credit-finance project with a gross internal rate of return (IRR) of 28.19 per cent. »

Computers

Singapore’s Infocomm Investments extends USD200m fund to European tech start-ups

Tue, 21/10/2014 - 14:22

Singaporean venture capital firm Infocomm Investments has launched in London and is extending its USD200 million fund to European tech start-ups. »

Solar energy

SunEdison signs solar photovoltaic JV with JIC Capital

Fri, 17/10/2014 - 12:01

Solar power specialist SunEdison has signed a joint venture agreement with JIC Capital to finance, develop, construct and own up to 1 GW of utility-scale solar photovoltaic (PV) projects in China over the next three years. »

Dollars

Neuberger Berman Private Equity exceeds USD1bn of committed capital from Japan and Korea

Wed, 15/10/2014 - 08:45

Neuberger Berman Private Equity has exceeded total committed capital of USD1 billion from Japanese and Korean investors. »

Accounts

ADAM benefits from 22 per cent IRR project exit

Thu, 09/10/2014 - 10:02

An investment fund that Adamas Finance Asia (ADAM) invested USD1 million in last September has exited from a credit-finance project with a gross IRR of 22 per cent. »

Hong Kong

Two additional partners to join Akin Gump in Hong Kong

Mon, 29/09/2014 - 16:02

F Mark Fucci and Anne-Marie Godfrey are to join law firm Akin Gump’s Hong Kong office. »

Two fingers

Adamas appoints two senior advisors

Mon, 29/09/2014 - 12:10

AIM-quoted Adamas Finance Asia has made two senior appointments at its Hong Kong-based investment manager Adamas Asset Management (HK). »

Accounts

ADAM results ‘establish foundation for move to credit finance’

Wed, 24/09/2014 - 14:03

AIM-quoted investment group Adamas Finance Asia (ADAM) says its improved interim financial results provide the foundation for a reshaped strategy. »

Up arrow

2014 sees record levels of VC investment in Asia, says Preqin

Wed, 24/09/2014 - 12:00

Preqin’s latest research into the Asian private equity industry has highlighted the accelerated growth in venture capital investment throughout the region in recent years. »

Computers

Nova Founders Capital secures USD50m investment from Pacific Century Group

Thu, 18/09/2014 - 12:01

Nova Founders Capital has secured an investment of USD50 million from Pacific Century Group (PCG), an Asian investment group. »

India flag

KKR extends financing to GMR Holdings

Wed, 17/09/2014 - 16:00

KKR has signed a term sheet to provide INR10 billion (USD164.2 million) of structured long-term financing, with co-investors, to Indian infrastructure development company GMR Holdings. »

iPhone

ClearVue and Nokia Growth Partners lead USD3.2m WeiChaiShi Series A financing

Tue, 16/09/2014 - 14:04

WeiChaiShi, China's largest mobile crowdtasking platform, has closed a USD3.2 million round of financing led by ClearVue Partners and joined by Nokia Growth Partners. »

Packaging

KKR completes acquisition of Goodpack

Tue, 16/09/2014 - 11:59

IBC Capital, an affiliate of investment firm KKR, has completed the acquisition of packaging solutions company Goodpack. »

Stethoscope

Columbia Asia launches USD150m expansion of Southeast Asia and India hospital network

Thu, 11/09/2014 - 06:02

A Seattle-based firm that created one of the largest hospital systems in Southeast Asia and India plans to invest another USD150 million to expand its network to 34 hospitals and one clinic by 2018. »

Asia Pacific

State Street appoints head of alternative investment solutions for Asia Pacific

Wed, 03/09/2014 - 12:04

State Street Corporation has appointed Bob Keogh as head of alternative investment solutions (AIS) for the Asia Pacific region. »

Handshake

bfinance strengthens Middle East presence

Wed, 27/08/2014 - 16:00

bfinance, an independently owned investment consultancy, has added to its service and advisory capabilities in the Middle East with the hire of a senior consultant. »

South East Asia

KKR strengthens Southeast Asia team with new hires

Wed, 27/08/2014 - 06:04

KKR has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director to lead the firm’s Indonesia efforts as well as credit and special situations initiatives in Southeast Asia. »

Thumbs up

SuMi TRUST Global Asset Services consolidates Asian operation

Thu, 21/08/2014 - 16:10

SuMi TRUST Global Asset Services, a provider of operational and administration support services to institutional asset managers, has completed the enhancement of its Asian business. »

Shipping

Topaz Energy and Marine secures USD75m from Standard Chartered Private Equity

Wed, 20/08/2014 - 12:17

Topaz Energy and Marine has secured a USD75 million equity investment from Standard Chartered Private Equity (SCPE). »

Bed

CITIC Capital Partners purchases King Koil

Mon, 18/08/2014 - 13:34

CITIC Capital Partners has acquired a controlling stake in King Koil Shanghai Sleep System Co. »

Asia Pacific

PE in Asia lags in operational value creation, says survey

Wed, 13/08/2014 - 10:07

As Asia's free-market economies mature, general partners (GPs) need to change the way they work with their portfolio companies, according to a survey by AlixPartners. »

features
Special report
Hedgeweek Special Report: The Bahamas – How it continues to evolve its funds industry

The Bahamas is taking steps to raise its profile as an attractive funds centre, continuing to build out the popular SMART Fund model template to provide a range of solutions for investment managers, plus its new ICON structure designed to appeal specifically to Brazilian investment managers and advisers.... »

Special report
How to Access Europe using third party AIFMs

Read how managers seeking to distribute in Europe can appoint a third party AIFM (or ManCo), and the fund distribution benefits this can bring, both for new fund launches and redomiciled funds... »

Article

Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before. ... »

Comment
Richard Hoey, BNY Mellon

Global gross domestic product (GDP) growth should accelerate somewhat in 2015 and 2016 from the pace of the last three years because of much lower oil prices, the avoidance of special drags on the world economy, and continuing easy monetary policies from global central banks, according to  BNY Mellon Chief Economist Richard Hoey. Hoey (pictured) made the comments in his February outlook.  ... »

Article
Christiopher Elvin, Preqin

55% of private equity firms surveyed by Preqin at the end of 2014 stated they would deploy greater levels of capital in 2015, although 39% suggested it is more difficult to find attractive investments. Preqin’s Christopher Elvin comments: ... »

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