Thursday, 23 October 2014
Last updated 26 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...