Katrina Lau
Katrina Lau is a reporter for Private Equity International based in Hong Kong. Before joining PEI in 2023, she worked for a local television broadcast reporting on daily news. Originally from Malaysia, Katrina holds a Bachelor’s Degree in Journalism and Sociology from The University of Hong Kong.
Private equity’s blue-chip firms are setting their sights on Asia’s private wealth prospects – especially in Japan.
Though the stars seem to be aligning for India’s private equity market, the absence of consistent DPI remains a stumbling block.
Shin Kong Life's portfolio sale comes just weeks after Cathay Life sold $1.2bn of fund stakes to HarbourVest, as impending regulatory changes prompt insurers to rethink their private markets exposure.
Although India remains dominated by growth equity, the market is seeing greater appetite for buyouts as GPs and institutional investors seek a more hands-on approach.
Japan was the only market in Asia-Pacific that saw an increase in deal value last year, according to Bain & Co's Asia-Pacific Private Equity Report 2024.
Already a prolific owner of alternatives managers via its balance sheet, global wealth manager AlTi will consider transitioning from LP to GP with the launch of a fund in this space.
The two firms have registered fund management businesses with the Asset Management Association of China – a legal requirement for raising capital or investing onshore.
A raft of Japanese buyout funds are coming to market simultaneously amid rising LP demand for countries that offer strong DPI.
The global strategic M&A market continued its downward trend last year, a report from Bain & Co shows.
Besides private credit, LUCA 1.0 is also in talks to introduce private equity secondaries, fund of venture capital funds and a private markets sports fund, chief executive Keiko Sydenham tells PEI.