Saturday, 30 August 2014
Last updated 17 hours ago
Jul 12 2011 | 12:35pm ET
A former Texas Pacific Group executive has helped his new firm raised US$1.7 billion for its next buyout fund.
Weijan Shan joined PAG Asia Capital in Hong Kong last July as managing partner, chairman and chief executive. The US$7 billion firm runs private equity, hedge fund and real-estate strategies.
Shan has focused on fundraising for the new Pan-Asia, China-focused p.e. fund since November. Jong Kong-based PAG said today that it hopes to raise a total of US$2.5 billion for PAG Asia I over the next several months. Among the new fund's investors are some of TPG's institutional investors, the Financial Times reports.
Shan left TPG—which he joined in 1998—last June with hopes of launching his own fund with TPG's backing. He was among the private equity giant's most senior and successful dealmakers in Asia.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...