Asian Venture Capital Journal (AVCJ)
Top stories
CMC raises $950m for third China fund
CMC Capital Partners, a Chinese private equity firm set up by Ruigang Li (pictured), formerly president of Shanghai Media Group (SMG), has closed its third US dollar-denominated fund with more than $950 million in commitments.
Translink joins $94m round for Germany’s Volocopter
Translink Capital, a US-based VC focused on facilitating cross-border connections with Asia, has joined a EUR87 million ($94 million) for German flying car developer Volocopter.
ADP sweeps in to claim GMR Airports
Groupe Aéroports de Paris (ADP), a French airport operator, will acquire a 49% stake in India’s GMR Airports (GAL) for INR107.8 billion ($1.49 billion), outbidding a PE-backed consortium.
News continued
Analysis
GP profile: DSG Consumer Partners
A relentless curiosity about the Indian consumer’s journey has helped DSG Consumer Partners carve out a niche in the early stage investment space for companies with emerging local brands
Interviews
LP interview: Manulife Investment Management
Manulife Investment Management is easing into its first Asian private markets drive with a focus on optionality. Private credit, infrastructure, and real estate are early areas of interest
Profile: Joy Capital's Erhai Liu
First at Legend Capital and now at Joy Capital, Erhai Liu has demonstrated a knack for spotting emerging technology trends in China and helping founders navigate the challenges of entrepreneurialism
People
StepStone promotes Australia-based Suzanne Tavill to partner
Suzanne Tavill, a Sydney-based managing director with StepStone Group, has been elevated to partner. It was one of four partner-level promotions made by the firm globally.
Tata Opportunities Fund team targets spin-out
The Tata Opportunities Fund (TOF) team is poised to spin-out after Tata Capital – a wholly-owned unit of India’s Tata Group – decided it did not want to continue sponsoring the franchise for a second fund.
