A new generation of wealthy people sees the potential of adding modern technology into their family offices. But traditional skills and experience are also a vital commodity.
Asset owners in the country are varying their private equity investing plans, with some focusing on strong partners and others beginning to concentrate on deals at home to cut risk.
The desire of asset owners across Asia to build more private asset positions could cause some problems if they don't extend their investing horizons to new areas.
The asset class is gaining more investors across the region but it faces challenges too, not least a dearth of investible assets and rising competition.
In a shakeup of our annual asset owner list, AsianInvestor is waving goodbye to commercial banks from the prestigious asset owner list.
The country is seeing a combination of its own local asset owners and more international players looking for private equity opportunities. But deal flows are down, while risks are rising.
Nearly 40 pension plans, sovereign funds, insurers and endowments indicate their outlooks and asset preferences for the coming months. G3 bonds and private debt are looking popular.
The aspirations of Hong Kong to become a viable private equity fund domicile face competition from Singapore, which is already more advanced in its plans.
The Hong Kong authorities are changing the tax rules in an attempt to make the city more appealing as a private equity hub. But the city's lack of experience in this area is a problem.
Hong Kong wants to build its credentials as a private equity centre. But it's untested, and will find it difficult to stand out against more established centres.
The country's securities companies are sourcing real assets for institutional investors. But their short-term profit motivations don't necessarily mesh well with asset owners' needs.
The desire of Korean asset owners for real estate investments has led to a cottage industry, with local securities firms buying assets overseas and sell them through to the investors.
There is a feeling in some quarters that, in light of the huge demand for tech startups, successful venture managers are asking for too much in return for access to their funds.
Technology investing via venture capital has rapidly gained appeal among asset owners, but sovereign wealth funds, in particular, are focusing more on direct investments in this area.
The Chinese insurer aims to trim a heavy allocation to alternatives, but sees opportunities in some emerging markets and in greenfield infrastructure.
The country has slowly liberalised its financial markets, but it can do more to attract international investors, says the Asia Securities Industry Financial Markets Association.
Sovereign wealth funds in Asia and the world are more cautious about private assets and looking to target their holdings more carefully, according to the IFSWF.
Very few asset owners in Asia adopt environmental, social and governance principles in their fixed income portfolios. Credit rating agencies could play a key role in changing that.
Asian investors have focused mostly on bringing environmental, social and governance factors into equities. The next step is to add them in their fixed-income investments.
Asset owner CIOs say there are several ways to spot companies seeking to artificially burnish their ESG credentials.