Alex Lynn
Alex Lynn is Hong Kong Bureau Chief at PEI Group, leading coverage of Asia-Pacific private markets for Private Equity International and editing its daily Side Letter briefing for subscribers.
He joined the business in 2017 and previously covered the EMEA region from PEI's London office. Alex has a master's degree in Journalism from Kingston University. He can be reached at alex.l@pei.group.
Managing director Ken Wong talks fund families, paying up for Aussie assets and coronavirus fears.
Funds in the region have retained a significant proportion of unrealised value due to a tricky exit environment, exacerbated by a predilection for minority investments.
The Japanese tech conglomerate has preemptively spent $1.7bn from new vehicles established to hold assets that are expected to be treated as the initial investments of Vision Fund 2.
Businesses such as McDonald’s China, which is owned by the Carlyle Group and CITIC Capital, have announced temporary closures in certain regions.
The coronavirus epidemic could not have come at a worse time for domestic PE firms, some of which have already been struggling on the fundraising trail.
GPs can avoid potential liquidity issues by drawing down loans early and performing greater due diligence on their lenders.
Significant exposure to family office capital has prompted fundraising platforms to seek out impact opportunities.
The move will enable roughly 85,000 DC members, representing around £1bn of funds, to select a private markets allocation within their investment programme.
The firm has closed Baring Asia Private Equity Fund VII on its $6.5bn hard-cap.
The start-up is expected to reach $100m of total fund commitments later this month.