SoftBank's global technology fund is significant enough to redraw the private equity investment opportunity in certain industries, if not to redraw the industries themselves
SoftBank Group Corp. has reached a first close of more than $93 billion on its global technology investment fund. A final close of $100 billion is expected within six months.
China’s Ping An Insurance is launching a $1 billion fund that will make financial technology and healthcare investments globally as the company looks to establish a footprint beyond its home market.
Makara Capital has a $716 million fund and a remit to invest in intellectual property-rich assets globally in order to bring greater industrial and technological value to Singapore
Having raised $362 million for its second fund, and diversifying its LP base in the process, Chinese GP ClearVue Partners has proved there is appetite for consumer sector specialists that have the right skill sets
The Singapore government and domestic GP Makara Capital have launched a S$1 billion ($716 million) private equity fund that will focus on intellectual property (IP)-driven companies.
Deepak Shahdadpuri's DSG Partners Asia has secured $40 million for its second fund, which targets early-stage consumer opportunities in India and Southeast Asia
ClearVue Partners has closed its second China consumer-focused fund at $362 million, having received commitments from institutional LPs including several global fast-moving consumer goods companies.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed an investment of up to $25 million in LeapFrog Investments’ emerging markets-focused third fund, which is targeting as much as $800 million.
Chinese healthcare-focused GP HighLight Capital, which was set up by Steven Wang, formerly of CDH Investments, is targeting $250 million for its second US dollar-denominated fund.
Indian education-focused GP Kaizen Private Equity has reached a first close of $44 million on its second fund.
China agriculture investor Hosen Capital has completed its evolution from a corporate-sponsored GP into an independent player with a $440 million fundraise from institutional and industrial LPs
Apis is relying on its team's financial services expertise and networks to deliver the goods in South Asia and Africa. LPs have given them $287 million with which to prove the thesis
CMC Holdings – a unit of media-focused GP CMC Capital Partners – and Sequoia Capital China have formed a sports investment fund and led a Series A round of funding for Wanmingyang Media, which organizes and video streams kickboxing events in China.
New Zealand’s Pioneer Capital has hit the hard cap of NZ$260 million ($180 million) on its third growth fund, beating the target of NZ$210 million. It follows the first investment from the new vehicle in Havelock North Fruit.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $25 million to The Carlyle Group’s latest Asia growth fund, which has a target of $1 billion.
Emerging market financial technology investor Apis Partners has closed its debut fund at $287 million. It has already deployed about $130 million across five deals in South Asia and Africa.
A resurgence in renminbi fundraising has prompted GPs best known for US dollar funds to enter the local currency market. Addressing conflicts of interest in an increasingly complex industry will prove difficult
China-focused food and agriculture specialist Hosen Capital has closed its third private equity fund at $440 million after eight months in the market. The target was $400 million.
Having fully realized its first four funds and returned more than 100% of the fifth, ChrysCapital had a strong exits story to tell in raising $600 million for Fund VII
ChrysCapital has closed its seventh India fund with more than $600 million, beating its target.
UK-based development finance institution (DFI) CDC Group has partnered with India’s Manipal Education & Medical Group for an $80 million fund targeting healthcare investments in emerging markets.
New Zealand-based private equity investor Direct Capital has closed its fifth buyout and growth fund at NZ$375 million ($270 million).
The launch of several huge government-backed funds has skewed renminbi-denominated fundraising in China. What does their arrival mean for valuations and for the nascent independent LP community?