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
Kapur will be based in Mumbai and will take up his new charge at TPGV with effect from February 2007. He will focus on expansion stage, smaller buyouts and growth-oriented investments with a size up to $75 million. Kapur will also be responsible for the same segment in Japan, Australia and parts of Southeast Asia.
TPG made a high profile hire in mid 2005 when it brought on board Vivek Paul, former CEO of Wipro Technologies, as a partner based in the Silicon Valley. Paul's job is to identify deals in technology and life sciences. Paul says the firm intends to keep building the India team, in order to target expansion-stage and growth-oriented companies.
TPG Newbridge already has a presence in India through Puneet Bhatia, managing director, who looks at buyouts and large strategic transactions. India investments completed to date are Matrix Laboratories and Shriram Finance.
TPGV is the growth fund of TPG managing more than $1 billion of capital and focused on technology, biotechnology and consumer companies. It has offices in San Francisco, Menlo Park, Hong Kong, and Mumbai.
Kapur was one of two managing directors at Intel Capital in Asia (the strategic investment division of Intel Corporation) covering India, Japan, Southeast Asia and Australia. Kapur joined Intel Capital in 2000 from AIG Investment Corporation where he was director of direct investment. Kapur started his career at Bank of America.
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.