Singapore-based IMJ Investment Partners has raised JPY2 billion ($17.7 million) for a venture capital fund that will back start-ups in Japan. The full target is JPY6 billion.
The Asset Management Association of China (AMAC), a self-regulatory organization for the PE industry set up by the securities watchdog, has tightened rules on domestic fund managers’ registration, with a view to cracking down on financial scams.
An Australian parliamentary committee will launch an inquiry into the collapse of listed domestic retailers following the demise of Dick Smith Electronics, which was previously owned by Anchorage Capital Partners.
Chang Sun, the former Asia managing director at Warburg Pincus who co-founded Chinese agriculture start-up Black Soil, has delayed plans to raise a $1 billion PE fund and will instead focus on individual deals.
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 11.
Prologis, a global real estate investment trust (REIT), has announced an increase of $882 million in the equity commitment to the Prologis China Logistics Venture.
Japan Post Bank plans to start making commitments to private equity funds in the first half of this year, according to Katsunori Sago, the bank’s vice president in charge of asset management.
Catalyst CEL Fund, which is managed by Hong Kong-based asset manager China Everbright and Israel’s Catalyst Private Equity, has beaten its initial target of $200 million.
Growing appetite for co-investment among foreign and local institutions in Asia has given rise to a wider variety of advisors offering customized solutions to those with limited in-house resources
Hong Kong ranks low in a new study of global start-up ecosystems, but has the potential to fly high. A mixture of policy, patience and positive attitude is required
India’s government has made promising signals about its willingness to engage the venture capital community. GPs are optimistic, but reservations remain about the details
Having raised $459 million for its latest venture capital fund, SBCVC is tracking the latest developments in China technology with a focus on robotics and advanced industrial applications
Innovation Works, a Chinese early-stage VC firm founded by ex-Google China head Kai-Fu Lee, has been approved to list on the National Equities Exchange and Quotations (NEEQ), an over-the-counter (OTC) market also known as the New Third Board.
Hong Kong's start-up ecosystem is expanding rapidly from a low base and was the fifth fastest-growing ecosystem globally last year, according to a new report.
EQT Partners has bought a majority stake in Hong Kong-based social compliance assessment and improvement service Elevate.
Sequoia Capital has closed its latest India fund – which has a minority allocation to Southeast Asia – at $920 million, comprising an $875 million institutional corpus and a GP commitment of $45 million.
Following a spin-out from Cargill, the PE unit of Black River Asset Management has been renamed Proterra Investments Partners. The agriculture-focused remit is unchanged
US-based private equity firm Corstone Capital has closed a South Korea-focused fund at KRW150 billion ($124 million).
Australia’s Future Fund has lowered its private equity allocation slightly and boosted its cash holdings, reflecting concerns over increased risk due to changes in lending and public policy across markets.
Rakuten Ventures, the corporate VC arm of Japanese e-commerce giant Rakuten, has launched a JPY10 billion ($84 million) fund targeting start-ups in Japan.
The Shanghai government has proposed new measures to compensate early-stage investors’ for financial losses incurred by investing in local start-ups.
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
In addition to an advisory business that targets large-scale LPs, Hamilton Lane has a discretionary portfolio geared towards the middle market. It expects Asian GPs in this space to adapt to changing dynamics
Hong Kong is following in Singapore’s footsteps with the announcement of meaningful support for technology start-ups. Why is the government moving on the issue now, and what difference can it make?