Alex Lynn
The firm appointed Myron Zhu, former co-head of APAC PE at Aberdeen Standard Investments, in August to build out its third-party capabilities in Asia.
The Special Administrative Region is hoping to lure managers from the Cayman Islands, which has been ramping up its tax transparency efforts and economic substance requirements.
Fewer China-headquartered PE funds reached final close last year as trade tensions, high valuations and concerns over tech exposure hindered capital raising efforts.
Julia Leung, the Hong Kong financial body's deputy chief exec, says asset managers in Asia tend to focus more on governance than environmental concerns.
Implementing robust ESG policies to reduce carbon emissions is a necessary step; but firms should not ignore the need to safeguard their portfolios from more immediate climate change effects that threaten returns.
Four additional entrants have been welcomed into the HEC Private Equity Value Creation Hall of Fame, launched in 2017 by associate professor Oliver Gottschalg.
Carlyle Group portfolio company Accolade Wines is understood to have had 'limited' impact to its vineyards amid the country's worst wildfires in more than a decade.
Fund performance data show the former is likelier to deliver better returns in the US and Asia, while Europe’s homogenous nature gives pan-regional strategies the edge.
Economic concerns have prompted strategic buyers to become more frugal, paving the way for a greater number of secondary buyouts, according to managing partner Chulmin Lee.
The region’s macro-economic headwinds are unlikely to be solved overnight – a trend that could benefit Asia’s largest funds.