Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The $1.9trn investor wants to mitigate the J-curve effect in the first three years of its private equity programme.
A 'flood of capital' in secondaries has pushed up valuations for flow names, according to the investment firm's Asia-Pacific private equity co-head.
The firm expects to have raised around $1.5bn by October for its latest fund of funds that can invest up to 30% in secondaries and direct co-investments.
Shunsuke Tanahashi joined the global investment manager in April from secondaries advisory firm and placement agent Ark Totan Alternative.
The Japanese pension giant has received 23 proposals from private equity funds of funds in its first recruitment drive for external managers for alternatives.
The world’s third largest pension fund maybe going through turmoil, but its alternatives programme still looks inviting to fundraisers.
The Singaporean sovereign wealth fund has noted that high pricing amid global market uncertainty will deliver inadequate returns.
The direct secondaries firm formally opened its Mumbai office this week.
As much as 30% of the fund will be invested in secondaries and direct co-investments.
The Japanese pension giant has issued a call for funds of funds separately managed accounts across global private equity, infrastructure and real estate.