Oaktree Capital Management CEO Jay Wintrob has singled out China and India as prospective jurisdictions for increased investment activity due to local regulatory progress, even as a number of converging macro themes inspire a more cautious overall approach.
China-focused PE firm Hony Capital has agreed to back the debut fund being raised by newly-established Hong Kong VC firm Beyond Ventures. The vehicle has a target of HK$1.2 billion ($154 million).
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray (pictured), formerly co-head of TPG Capital in Asia, has launched its debut fund with a target of A$2 billion ($1.6 billion).
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.
Réal Desrochers, formerly head of private equity at the California Public Employees’ Retirement System (CalPERS), has joined Beijing-based CITIC Private Equity (CITIC PE) as a managing director.
China-based Drum Tower Ventures has launched its first fund, with a view to raising $50 million for early-stage investments globally.
Madison India Capital has reached a final close of $230 million on its latest fund, Madison India Opportunities IV.
Asia Alternatives has secured $1.8 billion for its latest fund-of-funds in less than five months on the market
Pacific Equity Partners (PEP), currently Australia’s largest domestic buyout player, plans to raise an infrastructure fund with a view to applying operational knowhow from private equity to investments in a different asset class.
Japan’s Mizuho Bank has launched a private equity fund focused on middle-market companies in the ASEAN region with a target corpus of $250 million.
Taiwan-based hardware giant Asus has launched a $50 million VC fund aimed at helping US start-ups expand in Asia.
Kedaara Capital has closed its second India-focused fund at the hard cap of $750 million after approximately six months in the market.
Energy storage has the potential to benefit Asia’s renewable power developers and traditional utilities, but regulatory obstacles must be removed first. PE can help the industry over its current hurdles
Insignia Ventures Partners, a Singapore-based VC firm founded by former Sequoia Capital India venture partner Yinglan Tan, has raised $25 million for its debut fund.
Asia Alternatives has reached a final close of $1.8 billion across its fifth private equity fund-of-funds and a number of related vehicles.
The Asian Development Bank (ADB) has invested $60 million in OrbiMed Asia Partners III, the third Asian private equity fund of healthcare-focused GP OrbiMed.
Government-owned Malaysia Debt Ventures (MDV) has launched its third fund with a view to investing up to MYR4 billion ($954 million) in technology companies across the next 20 years.
The International Finance Corporation (IFC) has proposed an investment of up to $25 million in the debut fund of GenBridge Capital, a private equity firm set up by former executives from JD.com and TPG Capital that focuses on China’s consumer sector.
Barnaby Lyons, managing director and head of Asia at Bain Capital Credit, discusses the opportunities available in the region’s private credit space and the changing attitudes of investors toward the space
From Uber to Flipkart, there are high-profile examples of founders being replaced as CEOs of their start-ups. It isn’t common practice in Asia, and for reasons of corporate culture, this isn’t likely to change
Bain Capital Credit has reached a first close of $557 million on its Asia-focused special situations fund.
China-based start-up incubator and early-stage investor Withinlink is targeting $30 million for its second venture capital fund to help US companies enter the Chinese market.
Healthcare-focused investment firm OrbiMed has closed its third Asian private equity fund with $551 million in commitments.
Qingsong Fund, a Chinese VC firm formed by Alvin Liu, an angel investor and co-founder of Tencent Holdings, has closed its third renminbi-denominated fund at RMB850 million ($129 million).