Ocean Link, which claims to be the first PE firm dedicated to investing in China’s travel and tourism sector, has received backing from General Atlantic and domestic online travel agency Ctrip.
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has closed its second fund at $830 million.
China-based CDH Investments has closed its latest renminbi-denominated mezzanine fund at RMB3.5 billion ($525 million), exceeding a target of RMB2 billion.
Nominations are now open for the 2016 AVCJ Private Equity & Venture Capital Awards. They will close on September 23.
Indian conglomerate Piramal Enterprises has partnered with Bain Capital Credit to invest in distressed assets and restructuring situations in India.
KKR will target between $6 billion and $7 billion for its third pan-regional fund, taking a relatively small step up from the previous vehicle, which closed at $6 billion in mid-2013.
Indian recruitment companies Kelly Services India and Temp Holdings have launched a INR670 million ($10 million) venture capital fund focused on human resources-focused start-ups.
Mark Sowerby, founder and managing director of Australia-based Blue Sky Alternative Investments, will retire from the firm.
Bridgeport Capital has taken full ownership of Hawkesbridge Private Equity and will integrate the latter’s portfolio into its own. This follows a management buyout of Hawkesbridge’s property unit at the end of last year.
New Zealand private equity firm Oriens Capital has received commitments for its debut fund in excess of the vehicle’s first-close target of NZ$30 million ($21.8 million).
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
China Everbright has reached a first close of $264 million on a new global investment fund.
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
A PE-backed Chinese consortium has agreed to scale back its ongoing acquisition of the web browser business of Norway’s Opera Software to a value of $575 million. It follows a renegotiation earlier this year that agreed a $600 million deal as an alternative...
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
Australian GP Quadrant Private Equity has closed its eighth fund - and fifth as a fully independent entity - at A$980 million ($754 million). As with the previous fundraise in early 2014, the process was completed in approximately one month.
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $45 million between two Chinese PE funds.
Caisse de dépôt et placement du Québec (CDPQ) has agreed to acquire a 20% stake in Plenary Group Holdings, which controls the Australian operations of the global specialist infrastructure investor Plenary Group.
Equity Venture Partners (EVP) and Microequities Asset Management have launched a A$20 million ($15.4 million) venture capital fund to focus on Australian technology start-ups.
Australia's Westpac Banking Corp. has committed A$50 million ($38 million) to the second fund of Reinventure Group.
South Korean brokerage NH Investment & Securities has been awarded a license to launch a private equity investment unit.
The Australian government has seeded $250 million ($191 million) from its Medical Research Future Fund (MRFF) to a biomedical technology-focused venture investment vehicle. It will match private sector commitments, bringing the total available for deployment...
US media company Discovery Communications has acquired a minority stake in VS Media Group, a Hong Kong-based multi-channel network (MCN) that counts China’s CMC Holdings among its investors.
The Asset Management Association of China (AMAC) – an industry body set up by the securities regulator – has cancelled the registrations of more than 10,000 domestic private fund firms in the past six months as part of ongoing efforts to combat illegal...