Articles by Christina Kautzky
Kaizen gets IFC nod of approval
Indian education-focused private equity group Kaizen Private Equity is awaiting approval from the board for an investment from the International Finance Corporation. The debut fund is targeting $100 million for investments in and around the education...
CalPERS reports double-digit gains in 2010
The California Public Employees’ Retirement System (CalPERS) posted 12.5% net returns on investments for the 2010 calendar year, reaching $225.7 billion in assets according to the group.
CIC opens Toronto office
The China Investment Corporation (CIC), China’s $330 billion sovereign wealth fund, has announced that it is opening its first permanent overseas office outside of China and Hong Kong, in Toronto. Rumblings among sources close to CIC as well as informed...
Coller Barometer: confidence in PE is at pre-crisis levels
The recent edition of the Global Private Equity Barometer, released by Coller Capital, revealed that LPs’ total exposure to fund-of-funds will fall over the next three years, in part due to fees and in part due to disappointing returns. At the same time,...
Temasek pays antitrust fine
Indonesia’s antitrust agency (KPPU) has reportedly announced that Temasek Holdings has paid 15 billion rupiah ($1.66 million) through its partially owned affiliate, PT Telkomsel, as its portion of an outstanding fine owed after the group was found in...
Coller Barometer highlights investors' growing skills in Asia
The recent edition of the Global Private Equity Barometer, released by Coller Capital, revealed that LPs’ total exposure to fund of funds will fall over the next three years, partly due to fees and partly due to disappointing returns. At the same time,...
Goldman Sachs reorganizes private equity group
After its much-publicized run in with the SEC in July and as part of a wider push for transparency among US banks, Goldman Sachs has put forward a proposal that will more clearly divide its activities to ensure that its investments are separate from the...
A glimpse into the future
With 2011 upon us, industry players offer thoughts on the major themes for the year ahead, and for the first time in years, the forecast is largely for blue skies and sunshine.
Case In Point: SME Deals On the Rise
As if to prove that 2011 would be the year of the SME investment, Polaris Capital Group has acquired a 100% stake in domestic food chain operator Samukawa Food Planning Co (SFP). Although the deal size was not disclosed by Polaris, Nikkei reports suggest...
Global directives and PE
Private equity investing can be thwarted, stalled or propelled into action in certain countries based on legal and tax structures. AVCJ looks at what may affect the industry in 2011.
IDG invests in two Chinese companies
IDG Capital Partners, a China-focused VC firm, announced just before Christmas that it made a new investment in ihaveu.com, a website established by the former VP for MSN China and founder of Taobao.com. The total capital raised in this first round of...
The way we were
AVCJ looks back at 2010, following the trends, deals and headline-grabbing quotes that have led to the collective euphoria that now precedes 2011
Mubadala ups stake in Carlyle by $500m
Mubadala Development Co, an Abu Dhabi government-backed firm, has announced it will raise its 7.5% stake in The Carlyle Group by $500 million, receiving an undisclosed number of equity shares and convertible subordinated notes in the US-based private...
Mandarin Capital Partners buys Italian chemicals group
The Sino-European private equity fund that counts the China Development Bank and The Export-Import Bank of China as investors - Mandarin Capital Partners (MCP) - has invested EUR 20 million ($26.5 million) for an undisclosed stake in Italmatch Chemicals...
Nanostart invests in Singaporean optical engineering group
German-based nanotechnology VC investor Nanostart, through its Nanostart Singapore Early Stage Venture Fund, has invested $5.6 million in Microlight Sensors, a Singaporean optical engineering company.
Survey finds alternatives fund fees down
Mercer's 2010 Asset Manager Fee Survey released December 15 found that fees for hedge fund, private equity, infrastructure and real estate have all decreased year-on-year. This parallels the sentiment expressed by industry players and topics at AVCJ conferences,...
UPDATE: Carlyle's CFO in charge of IPO prep joins Legg Mason
Peter Nachtwey, the Chief Financial Officer hired to assist with Carlyle’s pre-IPO work, has departed the firm in a move that will likely further delay the initial public offering. He leaves to join investment management firm Legg Mason as Chief Financial...
Legend to launch local VC funds in China: reports
MD of Legend Capital, Ouyang Xiangyu, has said that the VC firm has plans to raise two funds totaling around $500 million in the first half of 2011, one a RMB1 billion ($150 million) RMB fund, and the other a $350 million US dollar fund, in an interview...
China to dominate Philippine ferries through Negros deal
The China-ASEAN Investment Cooperation Fund, through its wholly owned subsidiary China-ASEAN Marine, has invested in Negros Navigation, conditional on the ferry operator purchasing a 93.2% stake in Aboitiz Transport System (ATS) for $105 million, which...
Value add
The fundamentals behind the private equity model imply that, by injecting capital in a company in return for an equity stake, the firm is able to change, alter, tinker and build a stronger, more profitable company.
Tech savvy
At the Intel Capital CEO Summit 2010 held last week in Huntington Beach, AVCJ sat down with the corporate VC’s senior executives - Arvind Sodhani, Keith Larson and Richard Hsu - to talk technology investing, emerging markets and what makes an investment-worthy...
Intel Capital announces 18 new investments, 4 in Asia
At its Intel Capital CEO Summit in Huntington Beach, the venture capital arm of Intel announced 18 new investments in technology-related companies based around the world, with 4 of the new portfolio companies headquartered in Asia, for a total funding...
Picking the winners
“Active management works,” was the resounding message of the keynote address given by Steven Barnes, MD of Bain Capital at the AVCJ Forum.
KKR and Korea's NPS team up for Colonial US pipeline investment
Kohlberg Kravis Roberts & Co. (KKR) has joined forces with Korea’s National Pension Service (NPS) to take a 23.44% stake in Alpharetta, GA-headquartered Colonial Pipeline Company, in a deal said to be worth about KRW1 trillion ($895 million).