Alex Lynn
The firm made its first Australian wealth hire this month amid efforts to ‘steepen the curve’ of private markets adoption among regional investors, Ed Huang, head of APAC for Private Wealth Solutions, tells PEI.
Some investors are scrutinising LP bases to ascertain whether managers will face increased pressure to deploy an excessive amount of capital beyond their original fund size.
A ‘multipolar world' may also drive investment opportunities in Asia-Pacific, executive co-chair Hartley Rogers tells PEI.
The first two funds in the series, targeting Chengdu and Guangzhou, have collectively raised around 2bn yuan from both overseas and domestic LPs, PEI understands.
Markets of interest include the UK, DACH and the Nordics, Allen Waldrop, deputy CIO for private markets, tells PEI.
A number of product launches over the past couple of years underscore domestic and international conviction in the Australian wealth opportunity.
Frank Su, who was also chairperson of the Asia private equity committee and a member of the institution’s global leadership team, left on 31 October.
Emphasis on DPI is prompting some investors to look at smaller managers; PEI Group data shows how certain US mid-market vintages have performed over the past decade.
The growth investor will deploy more than 20% of its most recent USD-denominated flagship outside of Mainland China, chief executive Steven Wang told PEI.
The credit advisory unit is seeking to fill a void by offering financing for PE employees who need assistance in meeting co-investment obligations, head of origination Mathieu Rabiller tells PEI.