KKR raises $15 billion in Asia’s biggest fund as buyout-backed deals rise

Private equity powerhouse KKR & Co said on Tuesday it has raised $15 billion for its fourth Asia-Pacific focused fund, marking the region’s biggest private equity fund at a time when buyout-backed deals are on the rise. U.S.-based KKR started marketing the new Asia fund towards the end of 2019, initially targeting $12.5 billion, sources […]

Warburg Pincus preparing $1.5 billion realty fund focused on Asia

Private equity firm Warburg Pincus has set the ball rolling for a $1.5 billion Asia-focused real estate fund, as per a media report. It will mark the first Asian real estate fund from Warburg Pincus. Warburg Pincus Asia Real Estate LP has filed Form D with the US Securities and Exchange Commission for its upcoming […]

Temasek-Backed Fund Seeks to Marry Doing Good With High Returns

A Temasek-backed fund aims to foster growth in impact investing in Asia by striking deals that can do good while still generating a commercial rate of return. ABC World Asia Chief Executive Officer David Heng outlined his vision for the S$405 million ($300 million) impact investment fund in his first interview since taking the role […]

Sea Injects $1 Billion Into New Investment Arm Led by David Ma

Sea Ltd. is injecting $1 billion into a new unit that will manage bets on fledgling technology companies, marking an entry by Southeast Asia’s largest company into the crowded field of investment. It hired former Hillhouse Capital partner David Ma to lead the newly formed Sea Capital, and acquired full ownership of Ma’s Hong Kong-based […]

China’s private capital funds must invest, Intertrust Group says

China’s private capital funds must invest to meet investors’ increasing demands for transparency, Intertrust Group says. Intertrust Group, a world leader in providing specialised administration services to clients in over 30 jurisdictions, estimates that around USD5.5 billion will need to be spent by the world’s private capital funds industry to meet these increasing demands over […]

Indonesia Names Wirakusumah to Helm $100 Billion Wealth Fund

Indonesia has named Ridha Wirakusumah as the chief executive officer of its new wealth fund, which is set out to bring in funds to invest in local projects from infrastructure to healthcare. Wirakusumah was formerly the CEO of PT Bank Permata and has held positions at KKR & Co., General Electric Co., as well as […]

Carlyle withdraws bid for Japan Asia Group

Global private equity firm Carlyle Group on Wednesday withdrew its bid to buy energy and environment firm Japan Asia Group (JAG) in a deal worth 48 billion yen ($459 million), as a Japanese activist fund beat its offer. “The bid did not attract minimum shares needed to succeed so we are going to cancel the […]

Tikehau Capital appoints Senior Advisor

Alternative asset management group Tikehau Capital has appointed Hassan Karimi as Senior Advisor in the Middle East Region. Based in Dubai, United Arab Emirates, Karimi will work closely with Frederic Giovansili, Deputy CEO of Tikehau Investment Management and Global Head of Sales, Marketing and Business Development, to strengthen the firm’s long-standing relationships with regional investors, […]

Bain Capital Boosts Japan Staff by 25% as Competition Grows

Bain Capital is expanding in Japan as competition intensifies among the world’s largest private-equity firms to win deals from businesses undertaking overhauls. The U.S. company increased its Tokyo headcount by 25% last year to more than 50 people, mainly by recruiting investment professionals, and is open to hiring more, Managing Director David Gross-Loh said. Bain […]

Asia’s Family-Owned Firm Founders Seek Private Equity Exit

Credit Suisse expects ‘many-fold’ increase in deals this year. Asia’s family firms are bracing for succession planning. Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done. After riding the region’s rise over the past […]