There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
Singh, who has a background in running an industrial business, will focus on identifying investment opportunities and supporting UnitasÆs portfolio of industrial companies.
Singh has 27 years of experience working with Emerson, a diversified global manufacturing and technology company. His most recent role, which he held for eight years, was president, Asia-Pacific, for Emerson Network Power, a $1.5 billion business in the region. Singh has also been president, Asia-Pacific, for Emerson Climate Technologies, as well as president for all of EmersonÆs businesses throughout Asia-Pacific.
Unitas last month raised $1.2 billion, primarily from international institutional investors, for its Asia Opportunity Fund III, the firmÆs third buyout fund. Investors include Goldman Sachs Private Equity Partners Asia, Ohio Public EmployeesÆ Retirement System, Ontario Teachers, Pantheon Ventures, Partners Group, SEB, State of Michigan Retirement System, the State of Oregon and Washington State Investment Board.
Unitas currently has around $4 billion in capital commitments under management. Since it was founded in 1999, the firm has specialised in investments in the consumer and retail, industrial manufacturing and services sectors in the Asia-Pacific region. Some of the buyouts Unitas has led include: Mando Corporation, Haitai Confectionery and Buy The Way in Korea; Yellow Pages in Singapore; Rhythm Corp in Japan; and Waco and Repco in Australia.
CCMP Capital Asia will be renamed Unitas Capital when its affiliation with CCMP Capital Advisors LLC ends later this month.
ôHaving recently closed our third fund, Unitas is well positioned to take advantage of the attractive investment opportunities arising out of the current financial crisis, and Singh will play an integral role in our investment process,ö says Andrew Liu, UnitasÆ managing partner and CEO, in a written statement.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.