Australian superannuation fund HESTA almost doubles its commitment to sustainability focused private equity investment program; Temasek in funding round for fintech startup focusing on rural India; and more.
Issuers from the region are leading demand for accreditation by the SDI AOP, an ESG platform launched by four global pension funds recently.
Australian pension funds continue to merge to increase scale and enable more investment options at competitive fees.
Several Australian superannuation funds have completed their mergers; lawmakers have filed a bill seeking to create a Philippine sovereign wealth fund; and more.
Singapore's GIC leads a $135 million fundraising round for US-based energy solutions firm Powin; Alberta Investment Management Corp is setting up its first Asian office in Singapore with an eye on Asian private equity; Ontario Teachers’ Pension Plan Board will acquire a 70% stake in New Zealand's TowerCo; and more.
Singapore's GIC is linked with KKR in a joint bid for the $5.6 billion Australia-based Ramsay Health Care buyout; Japan's GPIF is urged to tap on its $75 billion alternative investment war chest to grow start-ups in the country; Shenzhen-based insurer Funde Sino Life Insurance became the largest shareholder of National Trust; and more.
Singapore sovereign wealth fund GIC takes up 49.9% stake in Wee Hur’s student housing portfolio in Australia; China's Sunshine Insurance reportedly looking to list on HKEX in potentially the largest IPO of the year; New China Insurance issues a warning that its first-quarter profit might decline 70%; and Temasek sends stern warning on corporate governance to portfolio companies; and more
Hesta appoints new CFO; Lighthouse Canton hires head of global institutional sales and former GIC real estate PM; former China Huarong chair takes on top role at China Orient AM; Helen Huang joins Fidelity as China MD from Hwabao WP; UBS hires Raymond Gui to manage the lossmaking Asian high-yield fund; T Rowe Price hires fixed income specialist from JP Morgan; and more.
Interest in sustainable investments has not waned during the pandemic, but investors will need to find the right balance between returns and ESG values.
The government-owned Clean Energy Finance Corporation (CEFC) committed A$80 million ($59 million) to IFM’s Private Equity Growth Partners Fund.
The Australian superannuation fund is continuing its journey to invest in scalable affordable housing projects under its sustainable cities sustainable development goal (SDG).
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