Joei Dai, the former general manager of CyberAgent Ventures China in Beijing, has formed a venture capital firm Gravity Venture Capital (GVC) and is looking to raise $30 million to back...
Fundraising | 07 Jul 2015 |
Unicorn Capital Partners, a new China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners' former head of North Asia Tommy Yip, has secured initial commitments of $12 million for its maiden fund - Unicorn Partners Fund I.
Fund-of-funds | 07 Jul 2015 |
Blackstone has appointed Liping Zhang as senior managing director and Greater China chairman. Zhang joins the company from Credit Suisse, where he served as co-CEO of Greater China and vice chairman of global investment banking.
People | 06 Jul 2015 |
Robert Talevski, previously head of private markets portfolio manager at Telstra Super, has set up an investment firm that will source and execute deals in Australian agribusiness, taking advantage of strong cross-border demand for exposure to the space.
Consumer | 06 Jul 2015 |
Canada Pension Plan Investment Board (CPPIB) is one of few North American LPs to set up an office in Asia and Mark Machin, the group's head of international and Asia president, admits it is not for everyone.
People | 04 Jul 2015 |
Korea Investment Corporation (KIC), which is expected to surpass $100 billion in assets this year, wants to increase its allocation to alternative assets to 50% from the current level of 8%.
LPs | 03 Jul 2015 |
Cathay Capital Private Equity has launched a Sino-French Innovation Fund that is looking to invest in start-ups in France, China and the US.
Greater China | 03 Jul 2015 |
Ascendent Capital Partners has reached a first and final close on its second China fund at the hard cap of $600 million. The vehicle has been in the market for around four months, following an official launch in March.
Fundraising | 03 Jul 2015 |
Vietnam-focused GP PENM Partners has reached a first close of $120 million on its fourth fund. The vehicle has a full target of approximately $180 million.
Fundraising | 02 Jul 2015 |
The fact that the US needs to improve much of its public infrastructure is undisputed. But the fragmented nature of the market and politicization of deals still leave private investors frustrated
Infrastructure | 01 Jul 2015
With US LPs refocusing their Asia exposure – reducing the number of commitments if not the aggregate size – smaller funds may be feeling the pinch. But this could benefit the long-term health of the market
Fundraising | 30 Jun 2015
Chinese mobile game publisher iDreamSky Technology went public on NASDAQ in August 2014 after raising $116 million in its IPO. This windfall came with a price tag: the company paid $4.65 million in costs, most of it in accounting and legal expenses. A...
Exits | 30 Jun 2015
There will be no AVCJ bulletin on Wednesday July 1 due to a public holiday marking the establishment of Hong Kong Special Administrative Region.
Performance | 30 Jun 2015 |
US venture capital firm Formation 8 is looking to raise a $400 million Asia fund to connect start-ups in the region with Silicon Valley.
Funds | 29 Jun 2015 |
Japan's pension fund industry needs to reevaluate its perception of private equity as a risky alternative asset, domestic LPs told the AVCJ Japan Forum.
LPs | 26 Jun 2015 |
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South Korea continues to solidify its position as a premier destination for Asian private equity and venture capital investments. In 2014, nearly US$11 billion was invested into South Korean companies with exits topping US$8 billion, the highest return figures in the last 10 years. It is easy to see why international and domestic GP's hold South Korea in high regard, being one of few Asian destinations where large leveraged buyouts are possible.
Venture capital is also gaining momentum as the Park Geun Hye-led government continues to advance on initiatives to promote innovation and foster SMEs. With capital inflows and creative input from local and international VCs, South Korea is living up to its reputation as a flourishing venture ecosystem as we witness the rise of angel consortia, accelerators, and local offices for established VC funds.
This intensive and highly focused event will provide front row seats into one of Asia's most vibrant private equity markets. Key players will share their views on private equity and venture capital in Korea, Asia and beyond.
15 September 2015, South Korea- Westin Chosun, Seoul
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
25-26 June 2015, Conrad Hotel, Tokyo