Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
3 min read · 08 February 2013
Prax is set to take advantage of a projected population boom in Xi’an, the capital of China’s Shaanxi province, by investing almost $30m in a residential development in the city. The population of Xi’an is due to grow to 5.3m by 2020 – up from 3.1m in 2007.
1 min read · 08 February 2013
In India, Millennium Spire decided it had to become a developer as well as an investment manager. It is now targeting its second fund. PERE Magazine February 2009 issue
3 min read · 08 February 2013
“A market vastly in favour of the financier CITIC Capital is part of CITIC Group, the largest financial conglomerate in China. Here Emil Cheung, managing director and head of mezzanine and debt finance at CITIC Capital, discusses the outlook for his business in Greater China today.
3 min read · 08 February 2013
Fundraising: difficult year ahead, but medium term outlook promising * HSBC (Asia) doubles previous fund size IL&FS closes short of target * Unitas Capital closes $1bn short of target * QInvest launches PE fund, puts joint fund on hold * Daiwa abandons ¥500bn fund plans * Haitong teams with Fortis on RMB 3bn fund * Report: RMB 1bn VC fund launch * Rasmala holds $120m first close * Partners Group raises $1.1bn for Asia-Pacific * Report: SAIF Partners raises RMB 1.6bn fund * Mayfield raises $111m for India * Direct Capital launches NZ$250m fund * Hangzhou provides incentives for PE * PE may get to invest in foreign retailers operating in India * * * * * *
10 min read · 08 February 2013
Crisis translates into job cuts * Co-head of Permira's Japan office leaves * Morgan Stanley lays off Asia PE banking and China property heads * KKR hires two in Australia Tasman appoints CFO * EMP Global names two MDs for Asia * Citi appoints new Asian private equity banking head * Morgan Stanley AIP opens Hong Kong office * TVM Capital promotes two venture partners * BerchWood plans push into Asia, augments London team * Bohai fund appoints CEO * CP Eaton appoints a vice president * KPMG appoints PE head for Asia-Pacific * Barclays Capital Japan hires two ex-Lehmans PE bankers
10 min read · 08 February 2013
Indian PE investments halve in 2008 * CDH, Goldman invest $100m in solar company * CHAMP spends A$150m on equipment finance * IDFC PE backs cable manufacturer * PE landscape expected to change in UAE * MSPE Asia invests $38m in Indian castor oil * Blackstone invests in Indian seed company * Daewoo Electronics sale abandoned
5 min read · 08 February 2013
Buyouts in China are still elusive, but Hony Capital has amassed a portfolio of 25 control investments already. Chinese institutions and international blue-chip limited partners make up an illustrious funding base. Philip Borel asks founder John Zhao how he did it all.
6 min read · 08 February 2013
The total value of private equity activity in Italy soared in the first half of 2008, but by the end of the year deal-doing was largely off the agenda. Reporting from Milan, Andy Thomson asks what happens next
5 min read · 08 February 2013
Christopher Flowers should be making hay. But at the outset of an historic buying opportunity, why are some of his firm's limited partners running for cover? Matt Levin and David Snow investigate
6 min read · 08 February 2013
