A small but growing band of GPs are modifying the conventional PE fund model in favor of solutions that better meet their needs. For those with long-hold, asset-heavy strategies, the future may lie in platforms
Infrastructure | 27 May 2015 |
Indian venture capital firm Zodius Capital has reached a INR7 billion ($110 million) first close on its $500 million technology-focused fund being raised in partnership with Avendus Capital.
South Asia | 26 May 2015 |
CIC Capital, an overseas direct investment arm of sovereign wealth fund China Investment Corporation (CIC), has begun operations and could have in excess of $40 billion put at its disposal.
Greater China | 22 May 2015 |
Australia-based QIC has teamed up with California Public Employees' Retirement System (CalPERS) to create a A$1 billion ($764 million) Asia-Pacific focused infrastructure partnership.
Australasia | 21 May 2015 |
Ant Financial Service Group, Alibaba Group’s online financials services affiliate, has launched a RMB1 billion ($160 million) fund to invest in internet and finance companies.
Greater China | 21 May 2015 |
Vietnamese tech group FPT Corporation has launched FPT Ventures, its new venture capital and accelerator unit, which will manage a $3 million fund targeting seed and Series A stage investments.
Southeast Asia | 20 May 2015 |
A clutch of China GPs now manage funds of $1 billion or more, leaving the traditional middle market space underserved. Those that remain must convince LPs they can deal with a changing opportunity set
Greater China | 20 May 2015 |
GGV Capital has raised a $457 million top-up fund for follow-on investments in existing portfolio companies.
Greater China | 19 May 2015 |
Japan's Mizuho Securities and China Merchants Group (CMG) have launched China-focused growth equity fund, which is looking to raise a total $200-250 million. Mizuho has contributed $20 million to the vehicle.
Greater China | 18 May 2015 |
Huaxing Capital, the principal investment division of boutique investment bank China Renaissance, has launched its latest fund with a target of $150 million.
Greater China | 18 May 2015 |
The Australian government has finalized changes to its significant investor visa (SIV) program, which will see more capital funneled into domestic venture capital.
Venture | 15 May 2015 |
PAG Asia Capital has launched its second pan-regional fund and is looking to raise $3 billion. The GP, which is led by Weijian Shan, formerly of TPG Capital, closed its maiden fund at $2.5 billion in 2012.
Fundraising | 14 May 2015 |
The government of the Indian state of Maharashtra has paired with the Small Industries Development Bank of India (SIDBI) to set up a INR2 billion ($31.1 million) venture fund for micro, small and medium enterprises (MSMEs).
South Asia | 13 May 2015 |
Australia's Tank Stream Ventures has raised a A$20 million ($15.8 million) fund to invest in local tech start-ups.
Australasia | 12 May 2015 |
Updating your subscription status
In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
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.
245-26 June 2015, Conrad Hotel, Tokyo