Kevin Zhang, one of the two co-founders of Chinese middle market private equity firm Ascendent Capital Partners, is retiring from the firm. He is understood to be planning to establish his own family office.
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 20.
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.
Nobuaki Kurumatani, who has been president of CVC Capital Partners’ Japan operation for less than a year, is departing to become chairman and CEO of Toshiba Corporation.
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.
Warburg Pincus and industrial conglomerate Becamex IDC have agreed to set up a $200 million platform to develop institutional-grade infrastructure and logistics properties in Vietnam.
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.
Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing.
Placement agent Monument Group has appointed Kay Sano (pictured) as a representative director in its Tokyo office. She was previously a Japan-based vice president with Bain Capital Private Equity.
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...
Warburg Pincus has called off a planned $360 million investment in Tata Technologies, the engineering outsourcing and product development IT services arm of Indian conglomerate Tata Group.
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).
India’s latest Union Budget promises strong support for domestic entrepreneurs and venture capital investors, but provides few specific measures to benefit the private equity industry.
Legend Star, the early-stage investment arm of China’s Legend Holdings, has closed its third VC fund at RMB800 million ($127 million).
Cooley has hired Xun Zeng as a resident partner in its newly opened Beijing office. Zeng joins from Ropes & Gray in Hong Kong, where she was a counsel in the private investment funds group.