Fundraising

PERE September 2009: Two European professionals at US placement agent CP Eaton have left in recent weeks. The firm has been cost cutting, but the changes at CP Eaton mirror wider challenges in the capital raising industry. By Robin Marriott.

The Hong Kong-based asset manager is the latest in a line of firms to launch a fund under the Shanghai Pudong New Area pilot scheme.

Debra Pedersen will lead fundraising for the firm’s global leveraged finance unit, whose funds targets corporate loans, bonds and special situations.

The China-focused firm plans to raise both a real estate and private equity fund denominated in the local currency.

Fundraising for Asia-focused funds may have stalled, but it has less to do with Asia than it has to with a slowdown in the pace of investments globally, writes Siddharth Poddar.

As it continues to mull its future business model, the London-listed private equity investor sees the departure of long-time managing director Colin Buffin and finance director Tian Tan.

The bank and state-backed firm are the latest to take advantage of Shanghai's pilot fund policy. The CLSA fund will invest in sectors including renewable energy.

TA Associates raised a $4 billion fund in just nine months, thanks in part to the firm’s decision to reduce its promote from 25% to 20%.

The available capital in the region, and Shariah's spurning of traditional leverage, has made the Islamic fund structuring more popular.

Two senior professionals have departed the firm in the span of two weeks, amid a turbulent period for the placement industry.