News / Funds
Infinity makes latest push in Tianjin with life science fund, accelerator
In its latest move, Infinity Group, the Israel-originated PRC-focused investor, has announced a new life sciences fund and business accelerator platform in Tianjin, collectively accounting for RMB220 million ($33 million).
Partners Capital to open in Hong Kong
Partners Capital, which describes itself as a private investment office serving endowments, foundations, HNW individuals and investment professionals across asset classes, is opening an office in Hong Kong, the company confirmed to AVCJ.
CDC may resume direct investment strategy
UK development investor CDC has confirmed to AVCJ that it may resume direct investment and co-investment strategies alongside its current private equity fund of funds approaches, following comments by UK Secretary of State for International Development...
Entropy closes first cleantech fund
Entropy Ventures, a Hong Kong-headquartered cleantech investment firm, has closed its first fund, the Amadeus Asian Clean Energy Fund, at $56.8 million, the firm confirmed to AVCJ.
Hopu principals retiring, diverging: reports
Despite the firm's earlier denials to AVCJ, Hopu Investment Management may in fact be in the process of spinning out its present investments and looks to be on track to dissolve its current vehicle as founders Fang Fenglei and Richard Ong pursue separate...
Mandhana appointed as IDFC PE Managing Partner
IDFC has announced the appointment of Satish Mandhana, formerly Managing Director with IDFC Private Equity, as Managing Partner and head of the firm, succeeding Luis Miranda, who will now step down to be non-executive chairman of IDFC PE.
DE Shaw's Gaudio to move to Hong Kong
DE Shaw has announced that Julius Gaudio, one of its executive committee and joint supervisor of its asset management division, will relocate to its Hong Kong office, becoming the firm's first executive committee member to be based in Asia.
New Robeco cleantech f-o-f seeks emerging Asia propositions
Dutch asset management firm Robeco Group has said that it is seeking to target opportunities in China and India, plus other Asian markets, for its Robeco SAM Clean Tech Private Equity III fund of funds, which continues to aim at a $500 million closing...
HarbourVest moves Flower to Hong Kong to support secondaries
HarbourVest Partners has relocated Tim Flower, a Vice President based with the firm's London office since 2008, to Hong Kong to head up its new push for secondaries investments around Asia Pacific.
Capital Dynamics hires former AIC CEO Kobayashi as MD to head new Tokyo office
Capital Dynamics, the Switzerland-based alternative investment group, has appointed Kazushige Kobayashi, previously president and CEO of Japan's Alternative Investment Capital (AIC), engaged in funds-of-funds, as an MD to head its new Tokyo office.
European Union agrees private equity/hedge fund legislation
The European Parliament and European Union member states have finally agreed upon new EU regulations for private equity firms and hedge funds operating inside the EU.
New York Pacific Capital launches Suzhou RMB fund
New York Pacific Capital, the New York- and Beijing-based China-focused US merchant banking player, has announced a new RMB fund targeting RMB 300 million ($45.1 million), with investments to be focused on the greater Suzhou region of eastern China.
Shanghai QFLP program for non-Chinese RMB LPs approved
The pilot Qualified Foreign Limited Partners (QFLP) guidelines floated in Shanghai to allow international LPs to invest into Shanghai-incorporated RMB-denominated private equity funds have been approved by China’s central financial regulators, according...
Hopu split reports denied
Reports and market talk of a split at the top of Hopu Investment Management, the $2.5 billion China-linked private equity and multi-strategy investment group, have been denied by sources close to the firm, which in fact appears to be nearing the threshold...
Harjit Bhatia forms Asia Growth Capital Advisors with ex Credit Suisse India, Southeast Asia team
Asian private equity veteran Harjit Bhatia has recently reemerged as Chairman and CEO of Asia Growth Capital Advisors, a private equity firm he founded along with his ex-partners at Credit Suisse Private Equity Asia.
Singapore's National Research Foundation plans startup fund
The National Research Foundation (NRI) of Singapore is to put S$50 million ($38.1 million) into a startup funding scheme to attract experienced entrepreneurial talent to the city-state and support locally-established startup companies, according to NRF...
Khazanah forms clean energy investment JV with Camco
Khazanah Nasional, Malaysian's SWF, has announced a JV agreement with emission reductions and clean energy developer Camco International Ltd. (Camco), to invest into the clean energy and emissions sector in Southeast Asia.
Tokio Marine plans mid-cap buyout fund for Japan
Tokio Marine Holdings, one of Japan's leading insurance companies, is targeting to raise a JPY50 billion ($590 million) buyout fund, its fourth, through its Tokio Marine Capital unit, to invest in mid-cap Japanese companies.
Blue Sky engages Bain's Shand as associate director
Australia's Blue Sky Private Equity, the SME- and mid-cap-focused direct investment arm of Brisbane's BlueSky Funds Management, has recruited Robert Shand, formerly a consultant with Bain & Co., as an associate director.
Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
India's Highstreet nearing first close on India Infra Fund
Highstreet Capital, a new Indian private equity firm, is nearing a $50-70 million first close on its first fund, the India Infrastructure Fund, with sponsors and anchor investors the Bhartia family, promoters of Jubilant Organosys and Life Insurance Corp....
HSBC sells HSBC Private Equity Asia unit to management
HSBC Holdings has announced the sale of 80.1% of HSBC Private Equity (Asia) Ltd. to the management team of HSBC Private Equity, for a price tag of around $18.8 million, executing a spinout plan first reported in June.
StepStone opens Beijing office, recruits Su for Managing Director role
Leading customized portfolio management and fund of funds firm StepStone Group has appointed Weichou Su, formerly an MD with China-focused investment banking and private equity firm the Hina Group, as Managing Director for its new Beijing office, which...
Axis Bank to complete exit from private equity fund
India's Axis Bank is about to complete its exit from its Axis Private Equity platform, pending the results of discussions with LPs in its INR600 crore ($130 million) fund, according to comments by Shikha Sharma, the bank's CEO.