Articles by Tim Burroughs
Actis hires new Asia investor relations head
Actis has appointed Ellen Li, formerly of Janus Henderson Global Investors, as a managing director and head of its investor development group in Asia.
Deal focus: Hahn & Co finds its place in auto retail
Hahn & Co has completed carve-outs of a used-car retailer from SK Group and a car rental business from CJ Group with a view to pursuing consolidation in Korea's automobile retail and services space
TPG buys stake in Asia secondaries specialist NewQuest
TPG Capital has agreed to take a minority stake in Asia-focused NewQuest Capital Partners, with a view to helping the secondaries specialist scale up its platform and address a wider variety of opportunities in an expanding yet underpenetrated market.
Drug developer Just China raises $35m
Hangzhou Just Biotherapeutics (Just China), the Chinese joint venture of US drug developer Just Biotherapeutics, has received $35 million in Series B-plus funding led by Hillhouse Capital.
Tiger Global leads $70m round for China's Danke Apartment
Tiger Global Management has led a $70 million Series B-plus funding round for Chinese start-up Danke Apartment, operator of an online platform that connects landlords with long-term rental tenants.
Key person clauses: Man overboard
The complexity of a private equity firm’s key person clauses – and the number of people they encompass – says much about its institutionalization. The transition is not always easy, for GPs or LPs
Talent shortages hinder Asian LPs' private equity returns
Asian LPs see a shortage of qualified professionals capable of executing investment programs as the biggest obstacle to improving their private equity returns.
LPs warn of impending downturn in Asia
Institutional investors are preparing for a downturn in Asia – and emphasizing the importance of disciplined deployment – as they see worrying “pro-cycle market behavior” in the private markets space globally.
Fund focus: Pivotal’s urge to incubate
Nan Fung Group has established Pivotal Bioventure Partners China to build a concentrated portfolio of high-quality life science assets and nurture them from inception to exit
Ant Financial leads $321m round for China's Hellobike
Ant Financial, Alibaba Group’s financial services affiliate, has led a RMB2.1 billion ($321 million) investment in Youon Bike, the listed parent of China-based bike-sharing operator Hellobike.
Sequoia, CDH, Yunfeng back China's ZTO Freight
Sequoia Capital China, CDH Investments, and Yunfeng Capital have provided more than $100 million in Series A funding to ZTO Freight, an affiliate of US-listed Chinese delivery company ZTO Express.
VIDEO: China Creation Ventures' Wei Zhou
Wei Zhou, founder and managing partner of China Creation Ventures, discusses VC and technology trends
China early-stage investment round-up
Venture capital deals involving N5 Capital, Matrix Partners China, JD.com, Fortune Capital, Juxiu Capital, Oriza Holdings, Ameba Capital, ZhenFund, Yunqi Partners, SIG, and Crystal Stream Capital
China's BaishanCloud gets $37m Series C-plus
Chinese data services company BaishanCloud has completed its sixth series of private equity funding, following the closure of a Series C-plus round worth RMB240 million ($37.4 million).
Japan's Advantage buys Malaysian packaging manufacturer
Advantage Partners has completed the buyout of Malaysian plastic bottle manufacturer Plastic Centre through its recently closed $380 million Asia fund.
China VC: Selection issues
China's venture capital space is increasingly popular among LPs, overpopulated by GPs, and generally difficult to navigate
China social e-commerce player Red raises $300m
Alibaba Group has led a $300 million Series D round of funding for Red, a social e-commerce site that enables Chinese consumers to buy products from overseas.
Korea Post Insurance to allocate $200m to global buyout funds
Korea Post Insurance plans to allocate $200 million to as many as three managers focusing on global buyouts, predominantly in North America and Europe.
Fund focus: AlphaX tracks evolving China VC story
Having raised $270 million for his debut fund at AlphaX Partners, former Highland Capital Partners executive Chuan Thor is keen to tap emerging trends in consumer internet and enterprise services
Deal focus: PEP wins first secure assets fund deal
Pacific Equity Partners has teamed up with Landis+Gyr to buy Origin Energy's Australia smart meters business. They plan on bankrolling - through fund and co-investment - a nationwide rollout
China's Genesis targets $600m for second fund
Genesis Capital, a Chinese venture capital firm established by Richard Peng, formerly head of M&A at Tencent Holdings, is targeting $600 million for its second fund.
China's SenseTime closes $620m Series C-plus round
Chinese artificial intelligence (AI) technology developer SenseTime has raised $620 million in Series C-plus funding, its second capital injection in as many months. The investment values the business at over $4.5 billion.
Hony sells Chinese hospital to Hong Kong-listed platform
Hony Capital has agreed to sell three private hospitals in Zhejiang province to Hospital Corporation of China (HCC), a Hong Kong-listed platform it established several years ago, for RMB630 million ($98 million).
China used car trading business Uxin files for US IPO
Uxin Group, a Chinese e-commerce platform that specializes in used-car trading and related services, has filed for a US IPO. Jeneration Capital, Warburg Pincus, and Tiger Global Management are among the company’s PE backers.