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
ôThe breaking news is that Tina, her TDF partners and Joe are joining forces. For more than two years, we respectfully networked with leaders in China to find Joe, Tina, Forrest and David,ö says John Doerr, a partner at Kleiner Perkins.
Kleiner Perkins' $360 million China Fund is intended to be invested in companies promoted by Chinese entrepreneurs in high-growth industries, including technology, the internet, media and wireless communications. It will also invest in new consumer areas, healthcare and green technology.
The firm said that the nature of the venture capital industry in China is driving the decision to bring the TDF team on board. ôNow, more than ever, networks of ærelationship capitalÆ are valuable to new Chinese businesses. And our partnersÆ experience in China will be a significant advantage to our US investment perspective and US ventures in this increasingly global market,ö says Ted Schlein, a partner at Kleiner Perkins.
Zhou has had a focus on opportunities in telecommunications, media and technology, and the healthcare and consumer sectors. He started his venture capital career in 1999 with Softbank China Venture Capital. Since 2001 he has been with VC firm SAIF Partners.
Ju has 19 years of experience, with TDF and before that with Deutsche Bank, Merrill Lynch and Goldman Sachs. She is associated with ventures such as Alibaba, Baidu, Cgen, China Netcom, Focus Media and Hurray.
Kleiner Perkins has been directly investing in China since 2006, and its China partners have been investing since 1999.
Earlier this month, Citi and Credit Suisse used similar strategies to tackle the alternatives space. Citi acquired Old Lane, bringing on board Vikram Pandit to head the alternatives space worldwide. Credit Suisse hired a substantial part of the team from Ritchie to strengthen its private equity business.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.
Financials and healthcare have been spotted as promising sectors, while several tech IPOs are on the way, including a $2.2 billion fintech firm and a GIC-backed e-commerce startup.
A strong recovery in the Asia Pacific private capital markets in 2021 sets up favourable hiring and compensation trends.
The $95 billion Korean savings will set up a separately managed account for real estate debt investment early next year in order to shorten decision-making and help it win deals in a crowded market.