PE firms are increasingly seeking loans with slacker terms to help fund buyouts of Australian businesses, creating a testing ground for these kinds of deals in the Asia-Pacific leveraged finance market.
KKR has appointed John Pattar as member and head of the company's real estate business in Asia Pacific, according to an announcement by the pioneering US private equity firm.
Ontario Teachers' Pension Plan has announced that former Khazanah Nasional Berhad executive Ben Chan will be joining the Canadian pension fund manager in Hong Kong as Regional Managing Director for Asia Pacific, effective June 1.
Institutional investors based in Asia-Pacific have allocated more capital to hedge funds in recent years, reaching a record USD202 billion as of the end of 2016, up from USD180 billion a year earlier, according to Preqin’s new Hedge Funds in Asia-Pacific report.
Institutional investors based in Asia-Pacific have allocated more capital to <a href="http://www.valuewalk.com/2017/07/balyasny-asset-management-2/">hedge funds</a> in recent years, reaching a record $202bn as of the end of 2016, up from $180bn a year earlier. This is at odds with allocation trends in North America and Europe, which in 2016 saw a greater proportion of investors indicate they were seeking to draw back from hedge funds than were looking to increase their investments. The majority of capital invested in hedge funds by Asia-Pacific-based investors comes from sovereign wealth funds, while several investors, particularly in South Korea, have made their maiden investments in the asset class in 2016.
Driven largely by sovereign wealth funds, investors in the Asia-Pacific region have increased their allocations to hedge funds to a record $202 billion as of the end of last year, according to research from Preqin.
Darktrace, a UK cyber defence firm, on Tuesday announced their $75-million Series D funding round led by Insight Venture Partners, allowing the company to increase its expansion in Asia Pacific. Existing investors, Summit Partners, KKR and TenEleven Ventures, a specialised VC firm in cyber security companies, also participated in the round. The company’s valuation has touched $825 million post investment.
<p>Heitman is targeting $125 million of capital for the first close of its new Asia-Pacific fund, according to a prospective investor. A board meeting document of the Los Angeles City Employees Retirement System (LACERS) shows that real estate investment manager has attracted most of the capital $120 million from investors advised by The Townsend Group.</p>
Blackstone Group, the world’s biggest private equity fund, has told investors to scale back their expectations for property returns as the “great run” of the past five years becomes harder to replicate. Investors should “calibrate” their expectations, Chris Heady, Asia-Pacific chairman and head of Asian real estate, told a conference in Singapore. “They are probably going to be lower over the next five years.”