Indian mid-market private equity firm Paragon Partners has closed its debut fund at $120 million.
Tencent Holdings has led a $40 million Series C round of funding for Shenzhen-based Ubtech Robotics, a humanoid robot maker backed by CDH Investments and Goldstone Investment.
Emerald Media, an Asian investment platform created by KKR, has led a $65 million Series B funding round for Thailand-based online retailing services company aCommerce.
Jianpu Technology, a subsidiary of Chinese VC-backed financial products search and recommendation platform Rong360, has slipped below its IPO price following a $180 million offering on the New York Stock Exchange.
Australia’s Quadrant Private Equity has purchased amusement arcade operator Timezone Group as the first part of a buy-and-build strategy in the family and children’s entertainment market.
Dutch pension fund manager APG Asset Management has committed $175 million to Virtuous Retail South Asia (VRSA), its India-focused retail joint venture with London-based emerging markets investment firm Xander Group.
KKR has made a partial exit from China International Capital Corporation (CICC) – the Chinese investment bank in which it acquired a minority stake in 2010 – generating proceeds of HK$1.52 billion ($194.5 million).
Family offices represent an attractive and flexible source of capital for private equity firms, but GPs could do more to ensure the opportunities they pitch are a good fit for their audience.
Private equity exits have proved strong in 2017, with a range of buyers showing an appetite for PE-backed companies, industry participants told the AVCJ Forum.
Private equity has proven its worth as an asset class in India, but industry participants say achieving success in the market requires a specialized approach.
DCM Ventures has led $75 million Series C round for Maimai, a Chinese social networking app for professionals, with participation from existing backers IDG Capital and Morningside Venture Capital.
CDC Group has committed $25 million to Aavishkaar Venture Management’s latest India impact investment fund, which is targeting $200 million for deployment in small and medium-sized enterprises (SMEs) that serve poorer communities.
China will be a primary global driver of both regulatory friction and opportunity as GPs find new angles to realize cross-border investments.
LPs are increasingly comfortable with adopting a range of strategies in Asia’s private equity community, industry participants told the AVCJ Forum.
Japan Post Bank’s has fully embraced the global remit of its recently launched private equity program, making commitments to funds around the world through fund-of-funds while considering direct investments in its home market.
Accel Partners has invested about INR1 billion ($15.3 million) in Universal Sportsbiz (USPL), an Indian fashion retailer that focuses on sports apparel under the name Collectabillia.
The Monetary Authority of Singapore (MAS) has set up a S$27 million ($20 million) grant to support the country’s financial technology development ecosystem.
A byproduct of Asia’s technology boom is the emergence of a new generation of GPs that have spun out from global venture capital players and internet companies, with a view to capturing opportunities presented by this fast-moving sector.
Asian investors must plan to negotiate a China-dominated deal landscape with increased attention to technology and institutionalization trends, according to industry participants at the AVCJ Forum.
Singapore-based Quoine, a financial technology company backed by Japan’s Jafco, has raised $105 million via an initial coin offering (ICO).
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has co-led an $8.25 million Series A round for Singapore-based financial technology platform Active.ai.
LexinFintech, a China-based financial technology portal backed by several VC investors, has filed for an IPO on the New York Stock Exchange.
Private equity firms are seeing more deal flow across Asia, but in a climate of high valuations investors must pick the right markets at the right time, and be creative in sourcing opportunities.
LPs must engage GPs more carefully as they become increasingly active players in Asia’s rapidly evolving private equity space, industry participants told the AVCJ Forum.