Tuesday, 16 September 2014
Last updated 12 hours ago
May 19 2014 | 4:17pm ET
CVC has no problem garnering the US$3.5 billion it sought for its fourth Asia private-equity fund.
The London-based firm saw demand of US$5 billion for the vehicle, The Wall Street Journal reports. CVC closed the fund at the US$3.5 billion target it set when it began fundraising last summer.
CVC raised US$4.1 billion for its last Asia fund—now fully invested—five years ago. Investors were apparently undeterred by a US$1.4 billion loss suffered on Australia's Nine Entertainment last year.
The new fund plans to invest broadly across geographies and sectors, managing partner Roy Kuan told the Journal. "Our ideal diversification is one-third in Southeast Asia, another third in China, with Japan and Korea taking the remaining portion."
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…
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