Chang Sun, the former Asia managing director at Warburg Pincus who co-founded Chinese agriculture start-up Black Soil, has delayed plans to raise a $1 billion PE fund and will instead focus on individual deals.
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 11.
Prologis, a global real estate investment trust (REIT), has announced an increase of $882 million in the equity commitment to the Prologis China Logistics Venture.
Japan Post Bank plans to start making commitments to private equity funds in the first half of this year, according to Katsunori Sago, the bank’s vice president in charge of asset management.
Catalyst CEL Fund, which is managed by Hong Kong-based asset manager China Everbright and Israel’s Catalyst Private Equity, has beaten its initial target of $200 million.
Innovation Works, a Chinese early-stage VC firm founded by ex-Google China head Kai-Fu Lee, has been approved to list on the National Equities Exchange and Quotations (NEEQ), an over-the-counter (OTC) market also known as the New Third Board.
Hong Kong's start-up ecosystem is expanding rapidly from a low base and was the fifth fastest-growing ecosystem globally last year, according to a new report.
EQT Partners has bought a majority stake in Hong Kong-based social compliance assessment and improvement service Elevate.
Sequoia Capital has closed its latest India fund – which has a minority allocation to Southeast Asia – at $920 million, comprising an $875 million institutional corpus and a GP commitment of $45 million.
US-based private equity firm Corstone Capital has closed a South Korea-focused fund at KRW150 billion ($124 million).
Australia’s Future Fund has lowered its private equity allocation slightly and boosted its cash holdings, reflecting concerns over increased risk due to changes in lending and public policy across markets.
Rakuten Ventures, the corporate VC arm of Japanese e-commerce giant Rakuten, has launched a JPY10 billion ($84 million) fund targeting start-ups in Japan.
The Shanghai government has proposed new measures to compensate early-stage investors’ for financial losses incurred by investing in local start-ups.
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
Indonesian venture capital firm Kejora Group has hired Eri Reksoprodjo, formerly of Saratoga Capital, as a partner as it looks to raise up to $100 million for its first institutional fund.
The private equity team of Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, has spun out to form Proterra Investment Partners.
Qiming Venture Partners has announced that it has closed its fifth US dollar-denominated China VC fund at $648 million.
Go Scale Capital will continue to target international acquisitions, including in the US, despite the termination of a deal for Philips’ LED components and automotive lighting unit due to regulatory concerns.
KKR has formed a partnership with China Orient Asset Management and China Orient Summit Capital (COS Capital) to make credit and distressed opportunities in the country, with real estate likely to be a key area of focus.
China-based early-stage investor Innovation Works, which was founded by former Google China head Kai-Fu Lee, is looking to raise $250 million for its third fund.
A panel appointed by the Securities and Exchange Board of India (SEBI) has recommended tax law changes and regulatory reforms to ease fundraising for PE and VC funds.
Principle Capital, a Chinese private equity firm that has previously raised around RMB4 billion ($608 million) for renminbi-denominated funds, is targeting $350 million for its debut US dollar vehicle.
Niklas Amundsson, who joined Monument Group from MVision last year as managing director of the firm’s Hong Kong office, has been promoted to partner.
Distributions from private equity funds in Asia, which have in the past been lackluster compared to those in certain developed markets, are expected to rise as the industry matures and GPs develop their skill sets.