Articles by Paul Mackintosh
New Horizon closes Fund III
New Horizon Investment Advisors, the Beijing-headquartered growth capital GP set up in 2005 as a JV between Temasek Holdings and SBI Holdings, has closed its New Horizon Capital III fund at $750 million, Jianming Zou, a director at New Horizon, confirmed...
The mill wheels churn
Two big investments in one week follow two major trade sales in the previous week.
CalPERS to commit $1.3 billion to infra
Leading US LP the California Public Employees' Retirement System (CalPERS) is to commit some $900 million to infrastructure GPs and invest $400 million directly, according to an internal statement to its investment committee.
Blackstone, Capital International make China agro play
In the latest large deal of a rapidly reviving investment environment, Capital International and the Blackstone Group have co-led a $600 million pre-IPO private placement of shares in Dili Group Holdings Co. Ltd., an operator of wholesale vegetable markets...
Asian Genco power win sets no precedent
The $425 million significant minority investment into Singapore-headquartered Indian power generation infrastructure group Asian Genco by a consortium of investors led by Morgan Stanley Infrastructure Partners has been hailed as a first for the sector....
Robinson said quitting Citi
According to media reports, Mark Robinson, current head of South Asia for Citigroup, has left for a new position at ANZ Banking Group, potentially handing over to Pramit Jhaveri, current Head of Global Banking in India and Vice Chairman of Asia Investment...
Macquarie appoints Leong to cover Singapore
Macquarie Group has appointed Leong Yung Chee to its Head of Singapore Client Coverage position at Macquarie Capital Advisers, reporting to Kalpana Desai, Deputy Head of Asia for the division
Babson to form mezz team for Asia
Babson Capital Management, the US investment advisor claiming to manage some $100 billion of assets on behalf of global institutions, has announced the formation of a team to invest in mezzanine debt opportunities in Asia Pacific.
GA, Oak Hill in $417 million Genpact stake sale
General Atlantic and Oak Hill Capital Partners are reportedly due to sell some of their remaining stakes in Indian NYSE-listed BPO major Genpact, in a transaction totalling some $417 million.
Kleiner, Sherpalo partly exit Info Edge
Kleiner Perkins Caulfield & Byers and Sherpalo Ventures have reportedly sold some 4.08%, almost their complete stake, in Info Edge, the company behind Indian job search website Naukri.com.
Yale ups private equity allocation after poor 2009
The Yale Endowment, the $16.3 billion LP for Yale University, decided in July 2009 to up its private equity commitment level from 21% to 26% of its portfolio, despite a 24.3% loss on the asset class over 2009.
GA investee Zhongsheng IPOs at bottom end
General Atlantic China investee car dealer Zhongsheng Group has reportedly priced its Hong Kong IPO, formerly planned to raise $800 million-$1 billion, close to the bottom of its range, with a yield of around $369 million.
Yes Bank cleantech fund first closing
India's private-sector Yes Bank is reportedly within two to three months of a $80 million first close for its first private equity cleantech fund, according to a public statement by the bank's COO, Alok Rastogi.
New US rules may affect foreign funds
A new US law, the “Hiring Incentives to Restore Employment Act of 2010,” just signed by US President Barack Obama, could drastically affect non-US financial institutions and private equity funds, as well as US LPs and family offices investing into them,...
China nixes SOE real estate investment
PRC authorities have ordered SOEs to halt investments in China's real estate sector, in an effort to cool land prices and redirect stimulus capital.
Intrasoft exit for Intel Capital
Intel Capital investee Intrasoft Technologies, operator of the India-backed international greetings website 123greetings.com, is reportedly seeking to IPO, with a target valuation of around $45 million.
Sequoia exits Times Internet
Sequoia Capital India has reportedly exited Times Internet, a legacy asset from its previous incarnation as WestBridge Capital Partners, through a management share buyback.
Sequoia's Sabharwal back to ICICI Bank
Rajiv Sabharwal, recruited in 2009 to Sequoia Capital India as an Executive Director, is now reportedly rejoining his old company, ICICI Bank, as a senior GM and head of the lender's retail operations.
Advent's Nayak for Morgan Stanley India head
Morgan Stanley has announced the appointment of PJ Nayak, currently an operating partner in India for Advent International Private Equity, and former head of Axis Bank until 2009, as its new India CEO and country head.
Origo goes to Mongolia
Origo Partners, an AIM-listed China and India-focused private equity firm, has opened an office in Ulan Bator to support a dedicated fund, Origo Altai Partners, for investment in Mongolia.
J-WILL Partners sells Hotel Kinugawa Gyoen
Japanese independent investment firm J-WILL Partners is reportedly exiting its investee property Hotel Kinugawa Gyoen to a strategic player, Ooedo Onsen Monogatari, for an undisclosed sum.
Asian Genco power deal for GA, Goldman, Everstone, Morgan Stanley, Norwest
Singapore-headquartered Indian power generation infrastructure group Asian Genco has received $425 million from a consortium of investors led by Morgan Stanley Infrastructure Partners, including General Atlantic, Goldman Sachs, Everstone Capital, and...
Riverside promotes Feiglin to partner
The Riverside Company has announced the promotion of Simon Feiglin, hitherto a principal focused on the firm's Asia funds, to Partner.
WI Harper invests PRC LEDs with MaxIC
In its second recent investment in the burgeoning LED lighting space, WI Harper has invested an undisclosed amount in MaxIC Technology Corp., a Beijing-headquartered developer of integrated circuits for LEDs, LCD TVs, and other consumer electronics applications....