Australia’s Macquarie Infrastructure and Real Assets (MIRA) has launched a new Asia infrastructure fund with a $300 million cornerstone LP commitment from Canada’s Alberta Investment Management Corporation (AIMCo).
Gobi Partners, a Shanghai-based venture capital investor focused on China and Southeast Asia, has reached a first close of $50 million on its latest Southeast Asia fund.
The Carlyle Group has merged its growth and buyout teams for India in order to streamline operations in the country.
The New Zealand Venture Investment Fund (NZVIF), a government-sponsored fund-of-funds, has doubled the investment cap of its seed-stage vehicle to NZ$1.5 million ($1.1 million) per company.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $5 million to Wavemaker Partners’ Southeast Asia-focused venture capital fund.
China-focused Lilly Asia Ventures (LAV) has closed its fourth healthcare-focused fund at the hard cap of $450 million.
LaunchVic, a start-up investment fund backed by the government of Victoria, has ended its planned partnership with 500 Startups in the wake of a sexual harassment scandal at the Silicon Valley-based accelerator.
KKR has opened an office in Shanghai, its third base in Greater China and eighth in Asia Pacific. The move comes two months after the firm closed its third pan-regional fund at $9.3 billion.
Ajay Hattangdi (pictured) and Vinod Murali, co-founders of venture debt firm InnoVen Capital, have established their own India venture debt business and are looking to raise a $155 million fund, including a $30 million greenshoe option.
Tmall, Alibaba Group’s B2C e-commerce unit, has led a $300 million Series D round for Yiguo.com, a PE-backed Chinese grocery shopping platform. This is the fourth time an Alibaba entity has invested in the company.
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to ADV Partners’ second Asian special situations fund. The PE firm closed its debut vehicle at $545 million in 2015.
Blue Lake Capital, a China-focused VC firm led by two former GGV Capital and Sequoia Capital executives, has reached a first close of more than $120 million on its second early-stage fund. The full target is $200 million.
Japanese venture capital firm Jafco has agreed to buy back JPY63.8 billion ($577.4 million) worth of shares from its major shareholders, including Nomura Holdings.
Prestellar Ventures, a Singapore-based GP backed by two Nepalese companies as well as Indian microfinance institution Satin Creditcare and India-focused investor Frontline Strategies, has raised a $100 million fund.
SAIF India has raised $350 million for its third fund aimed at investments in both public and private companies at varying stages of development.
Pennsylvania State Employees’ Retirement System (PennSERS) has extended its long-standing relationship with Asia Alternatives, allocating $50 million to the firm’s latest fund-of-funds product and a further $50 million to a separate account.
PAG Asia Capital is raising a $500 million China growth fund, which will enable the firm to target middle-market deals that fall below the minimum check size for its pan-Asian vehicle.
IL&FS Investment Managers (IIML), the private equity arm of India’s Infrastructure Leasing & Financial Services (IL&FS), has raised the target of its infrastructure fund to $1 billion.
Partners Group has achieved a close of EUR6 billion ($7 billion) on its latest direct private equity fund. It is the firm's largest fundraise to date.
Singapore-based industrial technology company ST Engineering has launched a $150 million venture capital unit and associated start-up incubator.
Australia’s Westpac Banking Corp. has entered exclusive negotiations to sell Hastings Fund Management to Australia-listed property developer Charter Hall Group.
The Carlyle Group is looking to raise $5 billion for its fifth Asia buyout fund. The private equity firm closed its previous pan-regional vehicle at $3.9 billion in 2014 after more than two years of fundraising.
Corporate venture capital investment can fill an important niche in supporting Southeast Asia’s start-up ecosystem, industry participants told the AVCJ Singapore Forum.
Assets held by the world’s 100 largest managers increased 10% to $4.01 trillion in 2016 as growth in commitments to private equity, real estate, and credit more than offset a decline in hedge funds. Approximately 8% of these assets are invested in Asia...