The funds will target distressed assets in India and other Asian special situations and credit assets, says a source, amid rising demand for private debt.
While institutional and regulatory constraints are limiting the options of asset owners in many emerging nations, others are broadening their range of investing tools.
In the first of a series based on our annual ranking of fund houses by Asia-Pacific assets, we unveil firms 76 to 100. Chinese companies dominate and are growing fast.
Falling interest rates should be good news for India's prospective new asset class – infrastructure investment trusts – as long as issuers price the first few deals to perform.
Market experts point to premier Narendra Modi's reform progress, and the country's swift growth and thriving private sector, among other factors. They are rather less keen on China.
Investors can expect to see listed property and infrastructure vehicles in India early next year, says Peter Verwer, CEO of the Asia Pacific Real Estate Association.
The country is enjoying rising appeal among foreign investors, recently overtaking China as the top global destination for FDI. It must continue its reform momentum if this is to continue.
A newly-released study on sovereign investors revealed they are buying more alternatives, looking to developed markets and want to actively manage more assets to raise disappointing returns.
AsianInvestor presents its annual list of managers of Islamic funds. Their overall AUM fell 12.2% last year, but alternatives were a bright spot. More analysis of the data is to come.
Asia-focused hedge funds – especially India and Japan strategies – continued their heavy slide last month, while emerging-market and global mandates made slight gains.
Private capital raising and investment for emerging Asia shrank last year, but India sharply bucked that trend. Globally, EM private credit and venture capital were also bright spots.
India and Vietnam look particularly good value, while Hong Kong is now the cheapest major stock market in the world after Russia, says William Ma of wealth manager Noah Holdings.
Amid the drama of China's attempts at managed depreciation of the renminbi, other Asian currencies are also expected to slide against the dollar this year – except India's.
Various sectors are expected to see more strategic foreign investment flows, which is good news for private equity firms. But the government's recent Bihar state election defeat may hamper reform progress.
UK Sinha, head of India’s securities regulator, counters criticism it has not done enough to facilitate investor engagement at home and abroad, accusing certain jurisdictions of protectionism.
The chief of India’s securities regulator, U.K. Sinha, says 44 domestic fund firms is too many, noting there are too many me-too types of companies.
Large asset owners are increasing direct stakes in private assets instead of using funds.
Sinha reveals his expectation that a move into securities investing by pension fund EPFO will finally spark broader opportunities for asset managers.
Private markets manager Christoph Rubeli says the rise of Chinese buyouts is unmistakeable, with restructuring of state-owned enterprises expected to fuel the trend.
A new stock exchange for Indian start-ups is due to be launched early next year. Market commentators are hopeful the regulatory regime will be more accommodative than previous attempts to create such a bourse.