CHAMP Private Equity has reached a final close of A$735 million ($547 million) on its fourth Australia and New Zealand-focused fund.
Shaw Kwei & Partners, a middle-market private equity firm that primarily focuses on the industrial, manufacturing and services sectors in Asia, is targeting $800 million for its fourth fund.
Japan’s buyout space has been thrust into the spotlight following a flurry of fundraising activity by domestic private equity firms. Can the middle market retain its sweet spot status?
CLSA Capital Partners (CLSA CP) has become the seventh private equity firm to close a Japanese mid-market fund since the start of the year, hitting the hard cap of $400 million for its third vehicle.
Polaris Capital Group has hit the hard cap of JPY75 billion ($665 million) for its fourth Japan fund, becoming the third Japanese mid-market GP to announce a final close in the space of a week, and the sixth since the start of the year.
Advantage Partners has reached a final close on its fifth Japan-focused mid-market buyout fund at the hard cap of JPY60 billion ($535 million).
J-Star has closed its third Japan-focused buyout fund at the hard cap of JPY32.5 billion ($291 million), having launched the vehicle last summer with a target of JPY30 billion.
New York State Common Retirement Fund (NYSCRF), the third-largest pension fund in the US, has committed $275 million to KKR’s third Asian fund, which has an institutional hard cap of $8.5 billion.
Integral Group has closed its third Japan mid-market buyout fund at the hard cap of JPY73 billion ($670 million), with domestic LPs accounting for approximately three quarters of the corpus.
WL Ross & Co, the private equity firm founded by recently appointed US Commerce Secretary Wilbur Ross, has announced its first China investment in over five years, backing a joint venture to acquire steel industry assets in the country.
Tokio Marine Capital has reached a final close of JPY51.7 billion ($466 million) on its fifth Japan mid-market fund on the back of strong support from domestic LPs, notably regional banks.
CITIC Private Equity has sought to differentiate itself from other Chinese GPs with an operations-driven buyout strategy. Feng Zhai, managing director and head of the portfolio management team, explains the approach
Private equity firms keen to diversify their LP bases are looking to establish relations with Asia’s high net worth segment, and the private banks and wealth managers who facilitate access to this community
KKR has reached a first close of just under $5.8 billion on its third pan-Asian fund. The vehicle has an institutional hard cap of $8.5 billion, with a further $700 million in commitments from the firm’s balance sheet and management team.
Pioneer Capital sees the closing of its third fund at the hard cap of $180 million as confirmation that private equity in New Zealand has become more mainstream
Mark Chiba, group chairman & partner of The Longreach Group, discusses mid-market buyouts in North Asia
Kuo-Chan Kung, former head of Greater China at MBK Partners (pictured), is launching his own private equity firm called Nexus Point Partners.
Competition is intense at the upper end of the global buyout space, with abundant dry powder and readily available debt pushing up valuations. LPs are keen to allocate to the asset class, but will they end up disappointed?
US-based private equity firm Platinum Equity has agreed to buy the Australia and New Zealand businesses of business products supplier Staples.
KKR has set an institutional hard cap of $8.5 billion for its third pan-Asian fund, with the total expected to reach $9.2 billion including commitments from the firm’s balance sheet and management team. A substantial first close – of around half the...
The Australian private equity market has seen the emergence of a number of new GPs – including several spin-outs – but incumbent managers told the AVCJ Australia & New Zealand Forum that they do not expect much change in the competitive landscape.
The arrival of Odyssey Private Equity – a collaborative effort by former executives from two of Australia’s best known GPs – once again draws attention to the hole in Australia’s lower middle market
After more than 25 years between them at Pacific Equity Partners, Anthony Kerwick and Rob Koczkar departed in 2014 to pursue other opportunities. They have now joined forces as Adamantem Capital
Three former CHAMP Ventures executives have teamed up with George Penklis, a co-founder of Quadrant Private Equity, to raise a A$275 million ($211 million) Australia and New Zealand middle-market fund.