Articles by Tim Burroughs
Australia's Future Fund hires TPG executive
Future Fund has appointed Sid Khotkar, who has spent the past 12 years working for TPG Capital in Australia, as a director in its private equity team.
GP profile: Legend Capital
Legend Capital has absorbed lessons from its corporate sponsor to build a diversified investment business across the US dollar and renminbi spaces. It is now trying to take LP relations to a new level
Cerberus to assume control of Australia's Axsesstoday
Cerberus Capital Management has agreed to acquire the operating assets of bankrupt Australian equipment finance specialist Axsesstoday.
Japanese space robot developer gets Series A round
Gitai, a Japanese start-up that is developing robots that can replace astronauts on low-orbit space missions, has raised $4.1 million in Series A funding.
Fund focus: China's 01VC pursues industrial upgrade strategy
01VC has secured institutional LP support for its second fund, which closed at $100 million. The early-stage investor plans to deploy it across industrial and enterprise deals in China and Southeast Asia
J-Star exits Japanese auto industry supplier
J-Star has sold Tokai Trim, a Japanese manufacturer of seat covers for cars and motorcycles, to domestic hotel chain operator Rembrandt Holdings.
China's CHJ Automotive gets $530m Series C
Chinese electric vehicle manufacturer CHJ Automotive has raised $530 million in Series C funding led by Xing Wang, founder of online-to-offline services platform Meituan Dianping.
Deal focus: Longreach secures swift return from Japan's NOC
The Longreach Group exits Nippon Outsourcing Corporation with a 2.7x return after strong domestic interest in Japan's demographics-driven BPO industry led to a shorter-than-expected holding period
KKR's China digital marketing platform gets expansion round
Cue, a China-focused digital marketing platform created last year by KKR, has raised its first round of expansion funding led by Anchor Equity Partners.
SSG targets wider array of distressed sellers for Fund V
SSG Capital Partners expects to source distressed assets from a wider variety of sellers – including other alternative investment firms and investment banks – during the life of its fifth Asia fund, which is on track to exceed its target of $1.5 billion.
Chinese smart city platform developer raises $283m
China Everbright has led the first phase of Series C round – worth RMB2 billion ($283 million) – for Terminus Technologies, a Chinese supplier of city-level internet of things (IoT) platforms.
Women on corporate boards: Finding a voice
Investor pressure and industry lobbying has contributed to a rise in female representation on corporate boards. While quotas work for some, they aren’t necessarily the silver bullet
Women entrepreneurs: Tales from the coalface
Women remain underrepresented in start-up ecosystems across Asia, but for those who have taken the plunge, there is potential to make a social impact that transcends their respective target markets
Integral agrees carve-out of Japanese refrigerator supplier
Integral Corporation has agreed a JPY50 billion ($471 million) carve-out of a subsidiary of Tokyo-listed Sanden Holdings Corporation that supplies refrigerators for use in convenience stores and vending machines.
Lazard's Nick Miles take on Asia-Europe role
Nick Miles, leader of the Asia private capital advisory team at Lazard, has taken on a newly created role intended to enhance collaboration between the firm’s operations in Asia and Europe.
Women in PE: Mind the gap
Gender diversity within private equity is an increasing priority for LPs and GPs alike. Addressing problems around the recruitment and retention of women requires fundamental changes in culture and mindset
Q&A: CalSTRS' Chris Ailman
Chris Ailman, CIO of California State Teachers’ Retirement System (CalSTRS), discusses why – and how – private equity managers should be placing greater emphasis on diversity
Venturous, Lioncrest launch $200m China smart city fund
Beijing-based investment firm Venturous has merged Lioncrest Global, which specializes in bringing deals to high net worth individuals and family offices, to raise a $200 million fund that will focus on smart cities in China.
Pemba exit from Australia's Coverforce challenged by founder
Australian insurance broker network AUB Group has agreed to buy a 49% stake in Coverforce Holdings from Pemba Capital Partners with a view to taking full ownership, but the company’s founder is seeking to block the transaction.
India exits: Milking unicorns
Partial exits from Oyo by Sequoia Capital India and Lightspeed India Partners underline the importance of securing liquidity from a technology unicorn while it is still on the rise
KKR buys Australian biscuit business Arnott's for $2.2b
KKR has agreed to buy a portfolio of Asian assets – the most significant of which is Australian biscuit brand Arnott’s – from US-listed food multinational Campbell Soup for an enterprise valuation of $2.2 billion.
Unison launches Japan hospital roll-up platform
Unison Capital has made the first investment from a newly created platform that will pursue a roll-up strategy in Japan’s hospital industry, with JPY50-60 billion ($467-560 million) set to be committed over the next five years.
China's Joy Capital raises $718m for VC, growth funds
Joy Capital has collected $718 million for its latest set of US dollar-denominated funds, closing its third venture vehicle at $391 million and securing $327 million for a debut growth fund.
XIO Group agrees JD Power sale to Thoma Bravo
XIO Group, a cross-border PE firm established by several Asia-based investment professionals, has agreed to sell market research business J.D. Power to technology-focused GP Thoma Bravo.