Larry Haverty, the managing director of LJH Investment Advisors, and CNBC's Michael Santoli talk investing in China after Goldman Sachs reports that venture capital funding in Asia surpassed North America for the second consecutive quarter.
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.
Paris-based Committed Advisors, a private equity investment manager, has raised its third secondary fund at a hard cap of 1 billion euros, beating its original target of 750 million euros. The fund’s limited partners include pension plans, financial institutions, family offices and high net-worth individuals across Europe, North America and the Asia-Pacific region.
WestSummit Capital is seeking to raise $300 million for its third tech fund, according to an SEC filing. Based in Silicon Valley, Beijing and Hong Kong, WestSummit invests in tech companies in North America and China.
The pension fund for the Canadian armed forces has won an auction to buy 50 percent of the company that operates Puerto Rico’s main airport in San Juan.
<p>The Ontario Teachers’ Pension Plan has announced a new partnership with a U.S.-based developer of clean-energy transmission projects.</p> <p>The partnership with Wakefield, Mass.-based Anbaric will create a new development company, Anbaric Development Partners, with the aim of refreshing aging transmission networks in North America through clean-energy infrastructure projects. While the Anbaric management team will lead the partnership, Ontario Teachers’ will be funding development costs.</p>
Last year proved to be a challenging year for the private equity (PE) industry as market instability and political uncertainty took hold worldwide. But 2017 has ushered in a more optimistic outlook, according to BDO’s Eighth Annual PErspective Private Equity Study, a survey of more than 200 fund managers across North America and Western Europe.
<p>One Equity Partners has announced it completed fundraising for its sixth PE fund, One Equity Partners VI. One Equity Partners, with U.S. offices in New York and Chicago, is a middle-market PE firm focused on making investments in the industrial, healthcare and technology sectors in North America and Europe. </p>
Maitland is one of the industry's largest independent hedge fund administrators with USD280 billion in AuA. With more than 1,300 employees across 16 offices globally, Maitland is more than a fund administrator. It is a global advisory group, with its roots as an innovative law firm in Luxembourg in 1976 offering cross-border structuring solutions to corporates and some of the world's wealthiest families.Â
With the closing of its sixth fund announced Tuesday, San Francisco-based Versant now aims to invest in as many as 25 companies in both North America and Europe—half of those investments in “companies we create from scratch,” says Brad Bolzon, Versant’s managing director. Those companies will be formed through Versant’s network of laboratory and incubator spaces, a network that is now adding a new site in Europe.