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.
The fund's investors are predominantly regional banks and local financial institutions looking to generate additional business opportunities within their respective locales, PEI understands.
The private equity giant has said its business could be damaged by allegations of improper conduct or press speculation – whether valid or not.
The group did the same for Tata Capital Growth Fund II, which is expected to hold a final close below target in H1 2020.
Deal sourcing will be led by Peng Fu, a former MD at Chinese investment manager Fosun, according to an investor email seen by PEI.
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.