Japan-based Kabuku, manager of 3-D printing service Rinkak, has closed a JPY750 million ($6.1 million) Series A round with participation by Global Brain, Dentsu Digital Holdings and Mitsui Sumitomo Insurance Venture Capital.
North Asia | 26 Nov 2015 |
Japan Post Bank, a unit of the recently-privatized Japan Post Holdings, will create a division to explore private equity investment opportunities.
LPs | 25 Nov 2015 |
Bain Capital has made a partial exit from Bellsystem24 as the Japan-based call center business raised JPY48.1 billion ($391 million) through an IPO. The company plans to broaden its service offering and expand into Southeast Asia.
Exits | 20 Nov 2015 |
Hamilton Lane has opened an office in Seoul, the firm's 12th globally. It will be headed by Sung-ji An, who is relocating from Hong Kong.
People | 18 Nov 2015 |
Canada Pension Plan Investment Board (CPPIB) and Dutch pension fund manager APG Asset Management will establish a logistics-focused joint venture in South Korea with e-Shang, a Chinese warehousing operator backed by Warburg Pincus.
North Asia | 17 Nov 2015 |
Japanese e-commerce giant Rakuten has launched a $100 million fund for investments in financial technology start-ups worldwide.
North Asia | 13 Nov 2015 |
HarbourVest Partners has promoted two Asia-based professionals – Minjun Chung and Kanji Takenaka, who focus on South Korea and Japan, respectively – to principal.
People | 13 Nov 2015 |
South Korea’s National Pension Service (NPS) is recruiting a new chairman and CIO after the two incumbents stepped down due to tensions over strategy.
LPs | 09 Nov 2015 |
Chicago-based private equity firm Wind Point Partners has acquired Daemyung Optical, South Korea’s second-largest manufacturer of optical lenses. Financial terms were not disclosed.
North Asia | 06 Nov 2015 |
Fortress Investment Group has closed its third Japan-focused special situations fund at the hard cap of $1.1 billion. Ten deals have already been completed with more than JPY17 billion ($140 million) deployed.
Distressed/Special Situations | 06 Nov 2015 |
Having the ability to change the management team in a portfolio company remains a critical factor for private equity investors as they place greater emphasis on the value-add process.
Greater China | 05 Nov 2015 |
Bolome, a Shanghai-based cross-border e-commerce platform, has raised a $30 million Series B round of funding from Chinese and South Korean investors including search engine Baidu, LB Investment, Share Capital and Chengwei Capital.
Greater China | 30 Oct 2015 |
Jafco, TBS Innovation Partners and strategic investors iStyle and Excite Japan have invested JPY800 million ($6.6 million) in Open8, a Tokyo-based start-up that a video ad platform targeted at women.
North Asia | 30 Oct 2015 |
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The Australasian alternative assets industry is evolving and this is creating a new set of challenges for participants. Funds seeking new commitments typically require the lion share to be from offshore, the deal environment is competitive and in general market activity has slowed reflecting the regions overall macro-economic story. However, a handful of funds have had successful fundraises and it is clear that the GPs that measure up when benchmarked on a global stage will continue to drive the domestic industry forward.
This is an intriguing time as Australasian PE matures. Succession planning strategies, sourcing offshore commitments, creating a team that can deliver real operational value, customising the PE model and finding attractive investment and exit opportunities in a slow market are all key topics for debate.
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9-10 March 2016, China World Summit Wing, Beijing