The Philippines used to be the target of jokes about valuation discounts, but now the market is having the last laugh as investors fight for a piece of its potential.
Three major Asean countries — Vietnam, Indonesia and the Philippines — are leading in developing renewable energy sources and giving investors new opportunities.
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
UBS AM loses Hong Kong head to KKR; Prudential names new head of Hong Kong investments; Prudential’s Asia group CIO to leave on sabbatical; GIC to hire five executives for infra, private equity and private credit; OTPP grows Asia team, plans 15 additions in 2021; Schroders hires head of sustainability strategy in ESG push
Temasek MD joins KKR as head of growth equity for Asia Pacific; China Pacific Life Insurance appoints Su Gang as CIO; Spirit Super chief executive to step down; Hong Kong's SFC enforcement executive director to step down after contract ends; Willis Towers Watson names Hong Kong and Macau head; Value Partners adds head of Southeast Asia; and more.
The head of asset management for the Swiss bank is leaving to join the private equity company and help expand its outreach to wealthy individuals.
The supply of Chinese non-performing loans is rising, but they are likely to fall short of investor expectations, argue some debt specialists.
Capital waiting to be deployed is weighing on returns and pushing up buyout valuations. KKR’s response is to tweak the strategy for its latest Asian mega-fund to put money to work faster.
Conflicts of interest and strains are seen to be growing as more asset owners in Asia eye co-investments and direct deals. Regulators are watching the situation closely.
The private equity firm has named CDFC’s Paul Yang to replace David Liu. The hire rounds out the regional deal team, as KKR enters capital-raising mode for its third Asia fund.
The private equity firm shakes up its Asia leadership, with Ming Lu now sole head of Asia PE, as David Liu and Julian Wolhardt quit to start a new investment firm. It also has a new SE Asia head.
Emerald Media, set up to invest in media businesses in Asia, will look for opportunities in the Philippines, Thailand and Vietnam to add to KKR assets in India and Indonesia.