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
Jason Martin, managing director of Argonaut Private Equity comments, ôIndia has been an important destination for Argonaut since our first investment here in 2003. AnilÆs appointment significantly enhances our capabilities in India.ö
Argonaut currently manages in excess of $2 billion provided by a single investor, George Kaiser and describes itself as a venture capital and buyout firm dedicated to financing and growing emerging market leaders. The firm believes its ability to close deals is enhanced by the quick turnaround and the flexibility on size, stage, sector and geography which single ownership provides. Investments range ins size from $1 million to $200 million and cut across sectors including consumer electronics, specialty materials, telecommunications, drug discovery and delivery, medical devices, aviation and healthcare services. It currently has almost two thirds of its investments in the US with the balance spread across Australia, China, Israel, India, Japan and Eastern Europe.
Currently, Argonaut has less than $50 million invested in India including $20 million in Blue River Capital and $10 million in Midas Communication. Despite the plethora of private equity firms looking for India deals, Argonaut is optimistic that the lack of investing restrictions with which it operates will stand it in good stead in the country.
Khatod comes on board at Argonaut with more than 26 years of experience. He joins from AirDefense where he was appointed CEO in December 2003. Prior to that he was venture principal at Atlas Venture for two years. Khatod earned his stripes as at Nortel Networks where he spent almost two decades including a stint as Chief Marketing and Strategy Officer.
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.