Daniel Kemp

Stonepeak is the latest major player to close a sizeable pan-Asia fund, having made six investments from the vehicle already.

The region is fulfilling its promise as both a viable target for dedicated strategies and an ever-growing source of LP capital.

Head of APAC infra David Luboff says the firm’s Asian infra strategy has played out ‘better than I could have ever hoped’.

With one of the world’s largest pools of institutional capital, Japan is perennially on managers’ radars. But now it is re-emerging as an attractive place to invest.

Head of real assets Subahoo Chordia says low returns from traditional asset classes have put investors ‘on the journey to looking at alternatives’.

KKR’s Asia Pacific Infrastructure Investors II is the largest regional fund raised to date, overtaking Macquarie Asia-Pacific Infrastructure Fund III, which itself took the crown from KKR’s first APAC vehicle.

Cabanes has departed alongside fellow director Deepak Malhotra, months after CDPQ India managing director Saurabh Agarwal also left.

Of the seven staff Plenary poached from AMP Capital to run its funds management arm in 2021, four have now left, including CEO and partner Julie-Anne Mizzi.

High-profile moves marked a strong year for one of the largest pools of institutional capital in the world.

Renewables assets are among the most important now – and platform investments have proved to be a popular way to access them in Asia-Pacific.