PE Tech Report

Weekly Asia News (Friday)

Australia map and flag

KKR and KKR Capstone enhance operations in Australia

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. One in three respondents to Cerulli Associates' proprietary survey of 4,000 retail investors across wealth tiers in China, Hong Kong, Taiwan, and Singapore indicated that they do not

Auda appoints Eunseok So to Asian private equity team

Private equity investor Auda International has appointed Eunseok So as a Senior Vice President, based in the firm’s Hong Kong office.  “We are delighted to have Eunseok join our team in Asia,” says Jacob Chiu, Auda MD and head of Asian investments. “I have worked with Eunseok in the past

CITIC Limited and KKR jointly invest in United Envirotech

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). UEL is a Singapore-listed membrane-based water and waste-water treatment and reclamation solution provider with businesses mainly in China’s chemical, petrochemical and industrial park sectors.   The

Hong Kong

Auda appoints Lucian Wu to Asian PE practice

Private equity investor Auda International has appointed Lucian Wu as a managing director, based in the firm’s Hong Kong office. “Lucian Wu is an exceptionally experienced private equity investor,” says Ernest Boles, Auda’s chief executive officer. “We are fortunate to have been able to bring him onto our team to

China Flag

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

Columbia Pacific Management – one of the largest healthcare providers in Asia – is bringing its international expertise to the China hospital market.   The Seattle-based firm’s new China hospital arm, Columbia China, will start construction next year on two 250-bed multi-specialty hospitals, in Wuxi and Changzhou, and is actively

Hong Kong

Evercore Private Funds Group strengthens Asia Pacific presence

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. Ian Bell joins the firm as a managing director from Credit Suisse and will lead the group’s distribution and origination efforts across the Asia Pacific region.


Maples and Calder strengthens Singapore presence

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. Gagie will relocate to Singapore when all necessary regulatory approvals are obtained.   Gagie joined Maples and Calder in 2010.

Sequoia leads USD8m investment in Zoomcar

Indian car rental company Zoomcar has secured an investment from private equity firm Sequoia Capital.  Zoomcar started in Bangalore in February 2013, with seven vehicles at one location, but now has over 250 cars at about 40 locations across Bangalore and Pune, with plans to expand to other cities in India.

Hong Kong

Asia Climate Partners establishes HQ in Hong Kong

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. “We are pleased to announce the opening of our new headquarters office, which represents another milestone in our continuing efforts to establish the leading

Adamas sees 28.2 per cent IRR from latest exit

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. Project Innovation was structured by the BRJ China Credit Fund Limited and launched last year by ADAM’s Hong Kong-based investment manager Adamas Asset Management (HK) Limited, which


24 October, 2024 – 8:30 am

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