Alex Lynn
Alex Lynn is senior reporter for Private Equity International in Hong Kong. He previously covered the EMEA region from PEI's London office, where he was shortlisted for State Street's Journalist of the Year - Alternatives 2018 and 2019. He has a master's degree in Journalism from Kingston University.
Several placement agents in Asia have used the pandemic as an opportunity to pursue other avenues, such as moving in-house to GPs.
Mega-firms in China with vast arsenals of fund strategies may soon rival those in North America.
Investors are piling capital into the country’s VC sector as the memory of its distribution problem begins to fade.
LPs are encouraging managers to discuss coronavirus over the phone as formal reporting has been limited by the speed at which the pandemic is escalating.
Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.
Sponsors are also pushing for longer due diligence windows to account for disruption caused by coronavirus and to better understand its impact, a law firm has said.
Subdued distributions, an aversion to tech and declining valuations were among the key trends shaping private equity in the region last year.
Negative returns in credit, funds of funds and emerging markets dulled the $402bn institution’s PE performance last year, investment committee documents show.
The Singaporean firm held the final close on Quadria Capital Fund II on $595m after raising its hard-cap from $500m, managing partner Abrar Mir tells PEI.
Yasuyuki Tomita, who was promoted from DBJ Asset Management last year, will oversee the development of a growth equity platform targeting domestic SMEs.