Singapore will support local start-ups through a S$100 million ($76 million) intellectual property (IP) commercialization fund, with Temasek Holdings set to provide at least half the capital.
Victor Chua has left a position as vice president focusing on Southeast Asia at Gobi Partners to launch his own Malaysia-based VC firm, Vynn Capital.
Chinese private equity firm NDE Capital has confirmed a third close for its second fund with $357 million in commitments, surpassing a $350 million hard cap. It has raised the targeted corpus to $450 million.
Pacific Equity Partners (PEP) has launched an Australia and New Zealand-focused secured assets fund intended to invest in companies that generate annuity income but also offer opportunities for traditional private equity-style operational improvement.
Omnivore Partners has reached a first close of $46 million on its second fund targeting agriculture investments in India.
Indian GP Faering Capital is seeking $200 million for its third growth capital fund, with a hard cap of $250 million.
GLP, a Singapore-headquartered warehouse operator formerly known as Global Logistic Properties that was acquired by a PE consortium last year, has established a RMB10 billion ($1.6 billion) China fund with China Life Insurance as the sole LP.
Indonesian early-stage VC investor Intudo Ventures has raised $20 million for its debut fund - having closed the vehicle last year at $10 million but subsequently reopened it due to increased investor interest.
Advantech Capital and Redview Capital – parallel entities formed following the restructuring of Chinese GP New Horizon Capital – are seeking a combined $1.5 billion for their latest funds.
Chinese early-stage venture capital firm Sinovation Ventures is looking to raise $500 million for its fourth US dollar-denominated fund.
B Capital Group, a venture capital firm established by Facebook co-founder Eduardo Saverin, has raised $360 million for a fund focused on start-ups that are ready to scale globally.
Chinese online retailer JD.com has formed an M&A fund with Hong Kong-listed clothing producer and retailer Cosmo Lady. The target size is RMB1 billion ($159 million).
Hopu Investments, the China-focused private equity firm led by former Goldman Sachs banker Fang Fenglei, has reached a first close of $2 billion on its third US dollar-denominated fund.
Growth-stage technology has become an attractive investment theme for international LPs and GPs, with both groups planning to increase allocations and devote more resources to the sector, according to a private markets survey conducted by Hamilton...
Baring Private Equity Asia has set a target of $5.5 billion for its seventh pan-regional fund. The firm closed its previous vehicle at $3.98 billion in early 2015.
Baidu Ventures, an independent VC firm set up by Chinese internet player Baidu, has achieved a first close of more than RMB2 billion ($318 million) on its second renminbi-denominated fund that focuses on artificial intelligence (AI).
Legend Star, the early-stage investment arm of China’s Legend Holdings, has closed its third VC fund at RMB800 million ($127 million).
Japan-focused Spiral Ventures – known as IMJ Investment Partners until spinning out from its corporate parent last year – has closed its debut fund at JPY7 billion ($64 million).
Indian VC firm 3one4 Capital has closed its second early stage fund at INR2.5 billion ($39 million), exceeding its target of INR1.5 billion.
University of Tokyo Edge Capital (UTEC) has raised JPY15.5 billion ($142 million) for its fourth fund intended to support the development of research conducted at the university into start-ups.
A consortium led by AlpInvest Partners has made a secondary investment in Southern Capital Group’s second fund that includes a stapled commitment to the firm’s fourth Southeast Asia-focused vehicle.
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray, formerly co-head of TPG Capital in Asia, has set a hard cap of A$2.5 billion ($2 billion) for its debut fund.
Creador is targeting $500 million for its fourth Southeast Asia and India-focused fund. The private equity firm closed its previous vehicle at $415 million in late 2016.
SBI Investment, the VC arm of Japan’s SBI Holdings, has launched a JPY50 billion ($450 million) fund that will focus on artificial intelligence (AI) and blockchain technology.