News / Funds
CDC under scrutiny for Asia, other expenses
The UK's development policy investor Commonwealth Development Corporation (CDC), which participates in many Asia-focused funds, is under review by the UK International Development Secretary Andrew Mitchell, following press enquiries about its staff's...
Advent recruits former Thermax MD Kulkarni as advisor
International mid-market private equity investor Advent International has recruited Prakash Kulkarni, former MD of Thermax, India's leading boiler manufacturer, as an advisor in its operating partner program.
VantagePoint launches Bohai VC fund
VantagePoint Venture Partners has become the latest fund to launch out of China's bustling Bohai Rim development zone, with the announcement of the Tianjin VantagePoint Hi-tech China FIVCE Fund, targeting RMB680 million ($100 million) for investment in...
South Korean SWF KIC to receive $5 billion of fresh capital
South Korean SWF the Korea Investment Corporation (KIC) is to receive up to $5 billion from public finances to add to its $35 billion of capital, and may look at more partnerships with other international SWFs, according to official statements.
Baer Capital anticipates first exit, second fund launch in 2010
Baer Capital Partners, an India-focused investment firm based in Dubai, is looking to make its first exit by ushering portfolio company A2Z Group onto an Indian exchange, coming as the four-year-old firm additionally looks to raise a reported $300 million...
Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.
SIDBI to close third fund at $214 million
Mumbai-based SIDBI Venture Capital is set to close its INR1,000 crore ($214 million) VC fund, its third, which comes in at twice as large as its predecessor, according to local reports.
Credit Suisse's Achuthan to launch India-focused PE firm
A Credit Suisse Asset Management former Director at the bank's alternative investments unit, Hari Achuthan, has reportedly departed the bank in order to set up a private equity company with aspirations to be the largest India-focused firm in the market....
Equipsuper's Strachan to also manage Vision Super before merger
Chief Investment Officer of Australian superfund Equipsuper Michael Strachan is set to extend his leadership role to Vision Super, also a Victoria-based superfund, that will be merged with Equipsuper beginning in November, according to reports.
Taiwan studies SWF plan
The Taiwanese government has set up a consultation process on plans for a potential sovereign wealth fund to manage some of the island economy's substantial state holdings, according to reports.
CDH IV final close at $1.46 billion
CDH Fund IV, the China-focused private equity fund regarded by many as a bell-wether for capital-raising exercises for the PRC, has closed at $1.46 billion, according to information given to AVCJ.
SPECIAL ANNOUNCEMENT: Shanghai International Private Equity Forum
AVCJ has joined the Shanghai Private Equity Association, CEIBS Lujiazui International Finance Research Center, Shanghai Huangpu District Peoples Government, and the Institute of Finance and Banking of the Chinese Academy of Social Sciences as a co-organizer...
Japan's SBI boosts PE investments in Brazil
SBI Holdings, Inc., the Japanese financial group operating in various segments, including private equity and venture capital, said that it has agreed with Jardim Botânico Investimentos (JBI), a Brazilian asset management company, to jointly form a fund...
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
Subramaniam recruits partners at newly launched MCap
Former Baring Private Equity Partners India executive N. ‘Subbu’ Subramaniam has recruited former Chief Risk Officer for Citigroup India Rahul Gupta and former Director at real estate consultancy DTZ Abhilash Lal to join him at his newly-launched MCap...
JS Pakistan fund gets OPIC backing
JS Private Equity Fund II, the fund launched by Pakistan's JS Private Equity that targets $150 million, has received a $50 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC).
Navis VI nears $1.2 billion close
Leading Kuala Lumpur-headquartered regional investor Navis Capital Partners is approaching a $1.2 billion final close on its latest vehicle, Navis Asia Fund VI.
Baring plans $1.75 billion fund - reports
Leading growth-oriented regional investor Baring Private Equity Asia may soon start raising a new fund - its fifth - targeting $1.75 billion, according to reports, a substantial increase on its $1.52 billion Baring Asia Private Equity Fund IV.
Tata Capital targets $1 billion in new PE capital
Tata Capital, the Tata Group’s financial services arm, has announced plans to raise approximately $1 billion from local and international sources next year for four sector-focused private equity funds.
CIC appoints John Mack and Joseph Yam to board
The China Investment Corporation (CIC), the PRC's flagship sovereign wealth fund, has welcomed two new members onto its international advisory council: John Mack, Chairman of Morgan Stanley, who stepped down from his CEO position in January this year...
CCBI Healthcare Fund makes two investments
CCB International, the investment arm of China Construction Bank, has made two investments in the medical sector, including an RMB150 million ($36.9 million) capital injection into Luyan, a medical company in Fujian, and an RMB100 million ($14.7 million)...
Composition staffs up in HK, Amsterdam
Composition Capital Partners, an Amsterdam and Hong Kong-based investment management firm focusing on private equity real estate funds-of-funds, has engaged Lionel Low as VP in its Hong Kong office, as well as Morag Beers and Maarten Vermeulen as Directors...
CCB backs PRC's first aviation fund
In partnership with China Aviation Industry Corp., China Construction Bank (CCB) has formally established the country’s first ever aviation-focused industry fund, the AVIC Fund of China.
Milestone Religare on track for $200 million raise
Milestone Religare Investment Advisors, the private equity JV between local fund house Milestone Capital and financial services group Religare Enterprises, is on track to launch its $200 million India Build-Out Fund II, with discussions already commenced...