By Ka Kay Lum
With the partial divestment, Northstar is learnt to have already returned its fourth fund to its LPs.
Provident Capital has also invested in e-commerce and logistics joint ventures with China’s JD.com in Indonesia.
The New York-based firm notified investors that the first close for its eighth buyout fund may be in March or early April.
The PE firm’s second private credit fund was closed at $145 million in September 2018.
There is now a higher risk of policy mistakes coming from governments or central banks and the sustainability of corporate profit margins near all-time highs is under threat.
Investment in Chinese commercial real estate rose 9.5% in 2018 to hit a record 296 billion yuan, with about one-third of transactions coming from overseas investors,
Logistics startup Delhivery Pvt Ltd. is the latest to join the unicorn club with this fundraise.
While Blackstone Group is actively looking for assets under its Comstar platform, its peers Warburg Pincus is exploring similar deals.
Orix Capital Partners is a business unit of Orix Corporation USA, whose parent company is Tokyo-headquartered Orix Corporation.
For investors, China’s shift in strategy is creating both opportunities and risks.