Articles by Tim Burroughs
China big data start-up gets $30m Series C
Yonghong Tech, a Chinese big data analytics software provider, has raised RMB200 million ($30 million) in Series C funding from Tencent Holdings’ VC unit, Yuansheng Capital, Oriental Fortune Capital, and Matrix Partners.
Alibaba Pictures launches $300m TV, movie fund
Alibaba Pictures, the Chinese internet giant’s Hong Kong-listed film and entertainment unit, has launched a RMB2 billion ($300 million) fund that will make movie and TV-related investments.
China's CIC posts negative return on overseas investments for 2015
China Investment Corporation (CIC) posted a 2.96% loss on its international portfolio in 2015 – the first annual negative return in four years and the third since its inception in 2008.
KKR to exit GenesisCare as China Resources, Macquarie buy control
KKR will sell its 45% stake in Australia-based healthcare provider GenesisCare as China Resources Group and Macquarie Capital agreed to buy a majority interest in the business.
L Capital Asia takes minority stake in Korea cosmetics player
L Capital Asia – the private equity arm of luxury goods giant LVMH – has acquired a minority stake in Clio Cosmetics, a South Korea-based color cosmetics manufacturer, for an undisclosed sum.
Singapore-listed Keppel targets $1.5b for two PE funds
Singapore conglomerate Keppel Corporation has raised $410 million for two private equity funds – to be operated by its asset management arm – that have a combined target of $1.5 billion.
CDC to invest $149m in India Infoline Finance
CDC Group, the UK government-owned development finance institution (DFI), has agreed to invest INR10 billion ($149 million) in IIFL Holdings’ non-banking finance company (NBFC) India Infoline Finance.
Asia-based diligence provider Poseidon bought by Exiger
The Poseidon Group, a Hong Kong and Singapore-based due diligence and business intelligence provider, has been acquired by global regulatory risk and compliance player Exiger.
TPG buys control of India maternity hospital operator
TPG Capital’s growth investment arm has paid $33 million for a significant majority stake in Rhea Healthcare, which operates a network of mother and child care centers in India under the Motherhood brand.
IFC to support Unitus-backed emerging markets accelerator
The International Finance Corporation (IFC) plans to support an accelerator fund launched by Capria Ventures – an impact investment firm sponsored by Unitus – that will focus on South and Southeast Asia, Sub-Saharan Africa and Latin America.
China's Qihoo completes $9.3b take-private
Qihoo 360, a US-listed Chinese internet security software provider, has been successfully privatized by its chairman and investors ranging from private equity firms to insurance companies, in a deal worth $9.3 billion.
GPs must be prepared to listen when pitching family offices - AVCJ Forum
Private equity firms must take the time to understand their audience when pitching funds to family offices, leading industry practitioners told the AVCJ USA Forum.
Asia more attractive due to Western dysfunction - AVCJ Forum
The Asia opportunity for private equity has become all the more compelling for the political uncertainty blighting Western markets, investors told the AVCJ USA Forum.
2Q analysis: Flattering to deceive?
China shores up Asia investment activity, driven by tech-related deals; robust VC fundraising in China, Southeast Asia masks weak region-wide activity; volatility prolongs the exits downturn
Vietnam redux
Vietnam's private equity sector is coming into its own; future success will require GPs to maintain consistent performance levels
Fragmentation factor: Deal-by-deal draws interest in Southeast Asia
Deal-by-deal investment is gaining traction in Southeast Asia due to a reluctance to back blind pool funds in the region and highly localized deal-sourcing. It is unclear whether the dynamic could, or should, remain
Q&A: Shaw Kwei & Partners' Kyle Shaw
Kyle Shaw, managing director of Shaw Kwei & Partners, discusses the value to be found in taking traditional yet complex industrial businesses and switching them to a high-end track.
Everbright mezzanine fund backs western China education player
China Everbright has invested an undisclosed sum in Sichuan Hope Education Group, which claims to be the largest private education provider in western China, through its renminbi-denominated mezzanine fund.
Singapore's Temasek sees portfolio decline due to market volatility
Temasek Holdings saw the biggest single-year drop in the value of its investment portfolio since the aftermath of the global financial crisis, with S$242 billion ($179 million) in assets for the 12 months ended March 2016 compared to a record high of...
CMC reaches $350m first close on China media fund
CMC Capital Partners, a private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), has reached a first close of just over $350 million on its second US dollar-denominated fund.
Tipping points: Asian LPs target the US
While global private equity firms have well-established channels for tapping Asian institutional investors, it continues to be challenging for LPs from this region to access North America's middle-market managers
Legend spin-out Joy Capital raises $200m for VC fund
Joy Capital, a Chinese venture capital firm that spun out from Legend Capital, has raised $200 million for its debut fund.
Go Scale agrees EV battery partnership with SPI Energy
Go Scale Capital, a technology-focused PE firm with links to GSR Ventures, has teamed up with US-listed solar power specialist SPI Energy on a $500 million project to build an electric vehicle (EV) battery projects business in China and globally.
Q&A: Tata Capital Growth Fund's Pramod Ahuja
Tata Capital currently manages five private equity funds across different strategies. Pramod Ahuja, a partner responsible for the firm’s $240 million growth vehicle, discusses the opportunity set