US-based 1839 Ventures has agreed to invest $20 million in a fund launched by the Pakistan government that will invest in domestic technology start-ups.
US and Singapore-based venture capital investor Wavemaker Partners has raised $66 million for its second Southeast Asia-focused fund. The target was $50 million.
William Shen, formerly head of Greater China at Headland Capital Partners, has become CEO of CRE Alliance, a private equity joint venture between China Resources Enterprise (CRE) and Great Wall Asset Management.
Canada Pension Plan Investment Board (CPPIB) has committed up to $500 million to Alpha Data Centre Fund (ADCF), a data center-focused PE fund managed by Singapore conglomerate Keppel Group.
Orchid Asia is targeting $900 million for its seventh fund and has won a $75 million commitment from Pennsylvania Public School Employees’ Retirement System (PSERS). It expects to do a first and final close in November.
Voting for the 2017 AVCJ Private Equity & Venture Capital Awards is now open and runs until October 27.
Vickers Ventures Partners has closed its fifth fund, which invests in China, Southeast Asia, India and the US, at $230 million – larger than the firm’s four previous vehicles put together.
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has closed its latest Southeast Asia and India fund at $210 million, exceeding the $150 million target.
Allegro Funds has reached a first close of more than A$200 million ($156 million) on its third fund. The Australian GP is no longer marketing to new investors and a final close near the hard cap of around A$300 million is expected before the end of the...
Japanese private equity firm NSSK has closed its second fund oversubscribed with JPY60 billion ($531 million) in commitments.
Oaktree Capital Management CEO Jay Wintrob has singled out China and India as prospective jurisdictions for increased investment activity due to local regulatory progress, even as a number of converging macro themes inspire a more cautious overall approach.
China-focused PE firm Hony Capital has agreed to back the debut fund being raised by newly-established Hong Kong VC firm Beyond Ventures. The vehicle has a target of HK$1.2 billion ($154 million).
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray (pictured), formerly co-head of TPG Capital in Asia, has launched its debut fund with a target of A$2 billion ($1.6 billion).
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.
Réal Desrochers, formerly head of private equity at the California Public Employees’ Retirement System (CalPERS), has joined Beijing-based CITIC Private Equity (CITIC PE) as a managing director.
China-based Drum Tower Ventures has launched its first fund, with a view to raising $50 million for early-stage investments globally.
Madison India Capital has reached a final close of $230 million on its latest fund, Madison India Opportunities IV.
Pacific Equity Partners (PEP), currently Australia’s largest domestic buyout player, plans to raise an infrastructure fund with a view to applying operational knowhow from private equity to investments in a different asset class.
Japan’s Mizuho Bank has launched a private equity fund focused on middle-market companies in the ASEAN region with a target corpus of $250 million.
Taiwan-based hardware giant Asus has launched a $50 million VC fund aimed at helping US start-ups expand in Asia.
Kedaara Capital has closed its second India-focused fund at the hard cap of $750 million after approximately six months in the market.
Insignia Ventures Partners, a Singapore-based VC firm founded by former Sequoia Capital India venture partner Yinglan Tan, has raised $25 million for its debut fund.
Asia Alternatives has reached a final close of $1.8 billion across its fifth private equity fund-of-funds and a number of related vehicles.
The Asian Development Bank (ADB) has invested $60 million in OrbiMed Asia Partners III, the third Asian private equity fund of healthcare-focused GP OrbiMed.