World
The Swiss asset manager is limiting withdrawals from two of its evergreen funds after they exceeded the 5% quarterly limit.
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Partners Group to stick to private wealth strategy, says chairman
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OpenAI plans to turn ChatGPT into superapp ahead of listing
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Vietnam's first unicorn VNG sets strong profit target amid AI push
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Editor’s Take: The Week That Was—June 1-6
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KKR-backed EQuest Education secures $115m syndicated loan
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French asset manager Eurazeo scouts for SE Asia bets with $20m ticket size
Indonesian smart vending machine operator JumpStart secures Series C funding
Vietnamese dairy firm TH Group approaches PEs for minority stake sale
SG’s Panthera Growth Partners invests $30m in security AI firm Innefu Labs
Singapore
Citi plans to hire about 100 private bankers globally.
Private markets are inherently illiquid.
About 72% of those set to inherit assets in APAC are looking first to professionals for support.
Top quartile and bottom percentile funds have quite large return dispersion.
Rest of Asia
Retail and institutional capital can be complementary rather than competitive.
The deal includes a potential upfront payment and an earn-out of up to A$50 million tied to performance..
Greater China
There is growing interest from the city’s affluent families in alternative investments.
Asia has its own merits as a large private capital market.
The firm has launched onshore public offerings in yen.
