Lone Star Funds is closing in on a KRW177.2 billion ($159 million) payout from the South Korea tax authorities after a court said the PE firm should be refunded taxes levied on its sale...
Regulation | 25 Nov 2014 |
Jakarta-based VC firm Convergence Accel has launched a $25 million debut fund that will invest in Indonesian early-stage technology companies.
Southeast Asia | 24 Nov 2014 |
SAIF India has raised $350 million for its second fund since spinning out from SAIF Partners in 2011. The vehicle is oversubscribed and a final close is scheduled for early December.
Fundraising | 24 Nov 2014 |
The Public Safety Personnel Retirement System of the State of Arizona (Arizona PSPRS) has committed $40 million to Trustbridge Partners’ fifth China-focused fund.
Fundraising | 24 Nov 2014 |
Australian GP Archer Capital has cut the size of its fifth fund – which reached a final close of A$1.5 billion ($1.2 billion) in late 2011 – by returning A$300 million in commitments to LPs.
Australasia | 24 Nov 2014 |
Local regulators stressed their commitment to encouraging private equity investment as industry participants at the AVCJ Taiwan Forum urged the government to appreciate the role the asset class can play in shoring up the island’s slowing economy.
Regulation | 21 Nov 2014 |
Regulatory reforms that encourage private equity are vital if Taiwan is to revive foreign direct investment flows that trail other parts of Asia and maintain its competitiveness, a visiting US economic official told the AVCJ Taiwan Forum.
Greater China | 21 Nov 2014 |
Adam Furber, a Hong Kong-based member of Simpson Thacher’s private funds practice, has been elected to partner. He was previously counsel at the firm.
People | 21 Nov 2014 |
Coller Capital partner Hiro Mizuno has been named CIO of Japan's Government Pension Investment Fund (GPIF). His appointment comes as the fund prepares to boost its exposure to alternative assets.
People | 20 Nov 2014 |
NVC Lighting, a Chinese lightning products manufacturer backed by SAIF Partners and Goldman Sachs, says it has uncovered information suggesting that its founder and ex-CEO falsely obtained bank loans worth RMB629 million ($102.8 million) on the company’s...
Regulation | 18 Nov 2014 |
Fubon Life, the second-largest insurer in Taiwan, has committed $30 million to Athyrium Capital Management’s healthcare-focused credit fund.
Greater China | 18 Nov 2014 |
Sky Solar Holdings, a Hong Kong-based independent power producer (IPP) backed by IDG-Accel China Capital, has raised $44.2 million through a US IPO after scaling back the size and pricing of the offering.
Cleantech | 17 Nov 2014 |
Los Angeles City Employees’ Retirement System (LACERS) has committed up to $25 million to Baring Private Equity Asia’s sixth pan-regional fund.
Fundraising | 17 Nov 2014 |
Taking a stake in the GP offers benefits to LPs looking to align interests, but not all are willing to do so at the cost of a fund manager's independence.
LPs | 13 Nov 2014 |
Silver Lake’s 2.2% stake in Alibaba Group is worth more than $6 billion at current market prices, but internal approval for the original investment in the Chinese e-commerce player in 2011 did not come easily.
Exits | 13 Nov 2014 |
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As investor's confidence in the domestic economy is restored, Taiwan's private equity sector players are anticipating a long-awaited upswing in activity, especially with a more transparent and open regulatory environment to revive growth. Positive signals from the government include the new M&A regulation, which will add on protection of minority shareholders upon its launch. The National Development Fund has also injected billions of cash into local funds in an effort to support industrial innovation.
20 November 2014, The Westin Hotel, Taipei
With the empathic and historic victory of Narendra Modi at the recent elections in India, the market confidence has improved significantly. Until recently, India was mentioned in financial markets only in a negative light given the enormous potential and lack of delivery. Difficulties in exiting, arbitrary taxation and poor governance are just some of the chronic problems deterring investors.
Discover what repercussions the latest political developments will have on the private equity industry, the outlook for the next wave of fundraising, where GPs expect to source exits and the best way forward for existing and potential investors.
2-3 December 2014, Taj Lands End Hotel, Mumbai