Corporate venture capital investment can fill an important niche in supporting Southeast Asia’s start-up ecosystem, industry participants told the AVCJ Singapore Forum.
Australian mining services provider Bis Industries has reached a debt-to-equity restructuring agreement with creditors that will see current owner KKR relinquish its majority position.
The CIO of South Korea’s National Pension Service (NPS) has submitted his resignation, seven months before the end of his two-year tenure.
As banks look to reduce their exposure to Asian non-performing loans (NPLs), private lenders that can offer more flexibility on terms are seeing increased opportunities for investment, industry professionals told the AVCJ Singapore Forum.
Hamilton Lane has opened an office in Sydney and hired James Martin, who previously spent five years at Partners Group focusing on institutional sales and deal origination, to lead local operations.
Renewable energy has a way to go before it represents a consistent source of investment opportunities in Asia despite a strong push in recent years, investors told the Infrastructure Investors Forum.
C-Bridge, a Chinese private equity firm that concentrates on late-stage growth capital and buyout opportunities in the healthcare space, has closed its second fund at the hard cap of $400 million.
Richard Coon, a director and co-founder at private equity-backed New Zealand insurance provider Partners Life, has launched a new domestically facing venture group known as Angel Investors Marlborough (AIM).
Joe Bae (pictured), who has spent the last 12 years building out KKR’s Asian operation, has been named co-president and co-COO of the firm as co-founders Henry Kravis and George Roberts prepare to hand over leadership to the next generation.
Singapore-government backed Spring Seeds Capital has committed S$100 million ($73 million) to an investment program targeting domestic start-ups developing high-end technology.
AirTree Ventures has led a A$13 million ($10.1 million) Series B round of funding for Expert360, an Australia-based online marketplace that connects small companies with independent consultants.
Texas County & District Retirement System (TCDRS) has committed $30 million to IDG Capital’s latest China venture capital fund – the first to be raised since the GP acquired the global investment business of International Data Group (IDG).
HarbourVest Partners has closed its fourth global co-investment fund at $1.75 billion, having raised the hard cap from $1.5 billion.
Keeping up with the pace of change in Asian private equity – particularly in terms of people moves – is one of the biggest challenges for institutional investors based outside of the region.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the Abraaj Group’s global credit fund.
Singapore Management University (SMU) has partnered with Kairos ASEAN to launch a venture capital fund run by and for university students.
Temasek Holdings saw its portfolio hit a record high of S$275 billion ($199 billion) for the 12 months ended March, but the Singapore government-controlled investment fund warned that the global economy is still plagued by uncertainties.
China Investment Corporation (CIC) increased its alternatives exposure by a few percentage points to 37.24% for the year ended December 2016 as its international portfolio rebounded from a loss in 2015 to post an investment return of 6.22%.
GIC Private warned of years of uncertainty ahead as the Singapore sovereign wealth fund announced its weakest investment performance since the global financial crisis.
Wealth management firm and PE fund-of-funds Unigestion has closed a direct opportunities fund at EUR255 million ($291 million).
Middle-market private equity firm Cathay Capital Private Equity has closed its first venture capital fund at $320 million with a mandate spanning China, Europe, and North America.
China and Russia have agreed to invest about $10.5 billion in two cross-border development funds as part of the One Belt One Road (OBOR) initiative.
General Atlantic has appointed Yong Hak Huh, founder and CEO of First Bridge Strategies and formerly CIO of private markets and direct investment at the Hong Kong Monetary Authority (HKMA), as a special advisor.
Sanjeev Aggarwal (pictured), a co-founder of Indian VC firm Helion Venture Partners, has joined Infosys co-founder Nandan Nilekani to launch a new VC fund focused on technology start-ups.