China’s Ministry of Finance and the Cyberspace Administration of China (CAC) - the country's internet oversight agency - have launched an internet-related investment fund with a target of RMB100 billion ($15 billion).
Skadden has appointed Geoffrey Chan, formerly head of the Asia private investment funds practice at Ropes & Gray, as partner and head of its Asia Pacific investment management practice.
Tokio Marine Capital has reached a second close of JPY41.7 billion ($363 million) on its latest Japan mid-market fund. The full target is JPY50 billion.
IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group, plans to continue its strategy of building platforms with its fourth fund.
Saama Capital has closed its third India venture capital fund at $57 million, above the target of $50 million.
500 Startups has reached a final close of $15.4 million on its Thailand-focused early-stage fund. It had originally targeted $10 million.
Co-investment opportunities are increasing in Asia, with LPs pushing for direct exposure to deals and GPs more willing and able to bring them in, but they do not appeal to all institutional investors.
Chinese conglomerate Fosun International has entered a strategic partnership with Iron Pillar, an India-based VC firm focused on mid-stage technology companies, to make co-investments in India.
Global LPs targeting increasingly complex opportunity sets in Asia must streamline their activity and employ a range of techniques to reconcile shortages in investment team resources, panelists told the Hong Kong Venture Capital & Private Equity Association's...
India Value Fund Advisors (IVFA) has changed its name to True North (Managers) and formalized its sector specialist strategy.
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the State General Reserve Fund of Oman (SGRF) and the State Bank of India (SBI), has reached a first close of $220 million on its latest fund.
Warburg Pincus believes it will invest at least $8 billion in India in the next decade as the country’s entrepreneurs continue to mature.
Ben Gray, the Australia-based former co-head of TPG Capital’s Asia operations, is looking to raise A$2 billion ($1.5 billion) for an Australia and New Zealand-focused fund.
Chinese asset manager CreditEase Wealth Management has reached a first close of $32.2 million on its second Israel-focused venture capital fund.
Australia’s AMP Capital has reached a final close of $2.4 billion on its second global infrastructure fund, exceeding the target of $2 billion.
TPG Capital is seeking between $4 billion and $4.5 billion for its seventh pan-Asian fund, having closed the previous vehicle at $3.3 billion in 2014 after a challenging two-year-plus process.
Singapore-based private investment group Marvelstone has launched a venture capital arm that will focus on companies developing smart city technologies.
Singapore-based East Ventures has raised $27.5 million for a fund that will invest in early-stage technology companies in Southeast Asia.
MCap Fund Managers, the Indian GP that spun-out from Baring Private Equity Partners India in 2010 and closed a $60 million fund the following year, will not raise a second vehicle.
CDH Investments has closed its China mid-market fund at the hard cap of $800 million, beating the target of $600 million. The vehicle will allow the GP to pursue opportunities that fall below the minimum check size for its flagship private equity fund.
INSEADAlum Ventures (IAV), the Singapore-based VC arm of international business school operator INSEAD, has launched a seed fund dedicated to its alumni and faculty networks across Europe and Asia.
Axiom Asia has closed its fourth pan-regional fund-of-funds at just over $1 billion, sticking to its tried and tested model of a single co-mingled vehicle with no separately managed accounts. The initial target was $750 million.
Korea Teachers’ Pension has appointed David Park, formerly CIO of Allianz Life Insurance Korea, as its new chief investment officer. His two-year term began on January 2.
Neuberger Berman has closed its fourth global private equity secondaries fund at $2.5 billion, surpassing the target of $2 billion after nine months in the market.