MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Managed by Andrew Pidden and Anthony Wilkinson, it is believed to be the first fund centred on clean energy plays in Asia.
"We believe there are superior investment returns to be had in this area," says Pidden, managing director of Clean Resources Asia. "Companies are realising there is great profit to be made in supplying non-carbon energy solutions to the market place. The idea of going green is no longer altruistic alone; it is good business and surprisingly Asia has many successful - and uncovered companies - in this area."
Clean Resources Asia aims to take advantage of the Asia-Pacific regionÆs proliferating trend towards greater resource efficiency. Launched at $11 million, the fund will focus on high-growth public and private companies that offer technological solutions to the worldÆs growing environmental challenges.
"Government policies across the region are already recognising the role of clean energy which encompasses cleaner coal, biofuel substitutes, natural gas, wind, nuclear energy and micro-generation. This process is creating winners and losers, even within each theme," says Anthony Wilkinson, head of research for CLSA Capital Partners.
CLSA Capital Partners manages four other main funds: Aria Investments, which focuses on growth capital for companies exposed to domestic demand; Fudo Capital, which has $430 million to invest in Asian property; CLSA Sunrise Capital, which has $325 million for growth and mid-market buyout opportunities in Japan; and MezzAsia, which has $200 million to provide mezzanine debt financing for Asian buyouts. A fund focused on interregional trade is still under development.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.