Alex Lynn
Hillhouse’s most recent Form ADV filing with the SEC named Singapore as the firm’s principal place of business, with prior editions instead listing Hong Kong.
NAV’s inherent synergies with secondaries means the strategy is gaining significant traction among East Asian LPs.
LPs at PDI’s Tokyo Forum on 27 June outlined their expectations around transparency, tax structuring, reporting and GP ownership.
Raising capital from wealthy individuals requires 'a lot of support, a lot of handholding, a lot of guidance, a lot of education', senior managing director Alex Catterick tells PDI.
Deerpath joins a growing band of US debt firms entering Japan amid rising demand for alternatives among the country's vast institutional investor community.
Partners Group Fund Financing Solutions will invest primarily in GP-led and LP-led NAV loans and opportunistic investments, including NAV preferred equity investments.
Speaking at the HKVCA’s Asia Private Equity Forum on Friday, Eric Mason, head of PE at the Church Pension Fund, told delegates that using NAV facilities to create distributions increased financial risk.
Covenants and leverage are much tighter in loans to sponsors across the region, according to head of APAC private credit Celia Yan.
A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.
Managing directors Steve Poon and Ming-Hau Lee, who both specialised in China special situations, left the firm in September to explore new opportunities, PEI has learned.