General Atlantic has teamed up with with Abu Dhabi wealth fund ADQ and International Holding Co (IHC), the biggest listed company in the emirate, to form a new venture which, according to ADQ, will be the region’s largest multi-asset class alternative investment manager.

Growth in Net Asset Value credit facilities has increased exponentially in importance among private equity and other alternative investment funds since the pandemic relative to the secondary trading of assets as a means of creating liquidity, according to the Citco group of companies.

Thomas H Lee, widely regarded as a pioneer of private equity investment and leveraged buyouts, has been found dead at the age of 78 at his office in Manhattan. According to a New York Post report citing unidentified police sources, the cause of death was a self-inflicted gunshot wound. Lee’s body was discovered on Thursday morning at 767 Fifth Avenue after police responded to an emergency 911 call at around 11.10am local time. Lee, who was the founder and chairman of Lee Equity, which he formed in 2006, and also served as chairman and CEO of Thomas H Lee Partners, which he

Coller Capital has created a new global Private Wealth Secondaries Solutions business led by Jake Elmhirst, who joined the firm in 2022 as a partner in the investor relations team, to provide high-net-worth individuals with access to private capital markets.

Bain Capital is expecting China’s struggling $539 billion private equity market to stage a recovery as early as this year, although deal activity may be hard pressed to reach previous levels, according to a report by Bloomberg. In an interview with Bloomberg, Jonathan Zhu, partner and co-head of Asia for Bain Capital Private Equity LP, said he expects the market to benefit from a number of tailwinds, including the lifting of the country’s ‘zero Covid’ restrictions at the end of last year and the recent rebound in Chinese stock markets. According to recent research from Preqin, aggregate capital raised by

Private markets investment major Hamilton Lane has opened a new office in Shanghai, China, its sixth location in the Asia-Pacific region, adding to the firm’s existing offices in Hong Kong, Seoul, Singapore, Sydney and Tokyo. Hamilton Lane managing director and co-head of Asia investments, Mingchen Xia, will lead the Shanghai team, which consists of seven professionals across Investment, Client Solutions, Compliance and Risk Management teams. Hamilton Lane was awarded Shanghai Qualified Foreign Limited Partner (QFLP) pilot status in May 2022. QFLP is a structure that allows foreign investors to convert USD to RMB and make investments in RMB private markets.