Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The San Francisco-based fund of funds manager will invest the bulk of capital in Asia-focused funds, while maintaining capital to make co-investments or secondaries transactions.
Investors deploying capital in special situations in the country are banking on government measures to professionalise and scale up distressed assets investing.
Ontario Teachers’ Pension Plan is an anchor investor in the fund which is focused on minority growth investments in India.
James Huang, managing partner at KPCB China, has formed Panacea Venture, focusing on early stage healthcare investments globally.
Despite a drop in co-investing deals in 2016 due to execution challenges, global family offices continue to prefer direct investments, according to the UBS Global Family Office Report.
New regulations are paving the way for more cross-border buyout funds.
TPG has appointed Chang Sun, ex-chairman for Asia Pacific at Warburg Pincus, to oversee the firm’s activities in China as it bolsters its presence in the country.
The healthcare-focused investment firm beat its $450m initial target.
The $1.9trn investor is ramping up co-investments with mid-market managers in its domestic market as improving corporate governance among Japanese companies is opening up carve-out opportunities.
Overall AUM growth of the largest sovereign and public sector pension funds in Asia is having a positive denominator effect for private equity, according to a Willis Towers Watson study.