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 direct secondaries firm first acquired a stake in d.light through its May purchase of Draper Fisher Jurvetson's India portfolio.
The direct secondaries firm, which bought the India-focused portfolio of Draper Fisher Jurvetson earlier this year, will open its second overseas office in Mumbai by year-end.
Buying and selling of private equity fund stakes is expected to increase over the coming year, according to a study by the global investment company.
Temasek has appointed two new presidents and said it will combine its sector and market investment team, barely a week after GIC announced a raft of promotions.
The sovereign wealth fund, an active player in the secondaries market, has named Yong Cheen Choo to the new role.
The NZ$29.6bn fund has sold a total of five alternative fund interests since 2014 in a bid to have a more concentrated, active investment portfolio.
The US pension fund, a major seller in the secondaries market, is planning to allocate 10% of its portfolio to the region.
The Hong Kong direct secondaries firm's latest fund will focus on China and India as it prepares to open a Beijing office this year.
The 30-year private equity veteran will be stepping down from his role as vice-chairman to become an advisory director.
Daizong Wang, a former managing director at CVC Capital Partners, will join the firm to set up its Beijing office and focus on direct secondaries opportunities in China.