Articles by Paul Mackintosh
Blackstone, CapInt, Atlantis, WP put $600 million in China agro
The Blackstone Group, Capital International, hedge fund Atlantis Investment and Warburg Pincus have all reportedly participated in a $600 million pre-IPO investment into Dili Group Holdings, an agricultural markets operator in China, due to list shortly...
CVC AP exiting Minit: Advent in frame
CVC Asia Pacific is reportedly seeking to sell off its Japan-headquartered pan-Asian shoe repair and key-cutting investee Minit Asia Pacific, with Advent International and local firm Wise Partners apparently among the bidders, in an auction likely to...
Second 3i infra fund within 12 months: Ahuja
Speaking to media in India, Anil Ahuja, head of 3i Asia, has said that the leading London-headquartered private equity group will commence fundraising for its second Indian infrastructure fund within the next 12 months.
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, a New Horizon director confirmed to AVCJ.
Chuo Mitsui plans $1.6 billion real estate business
Japan's Chuo Mitsui Trust & Banking Co. reportedly is planning to launch a real estate fund platform, targeting office and residential assets in Tokyo.
RHJ completes U-Shin exit
RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has reportedly completed its exit from Japanese electrical auto parts player U-Shin.
Sequoia invests 91Huayi.com
Sequoia Capital China has reportedly invested RMB30 million ($4.4 million) in 91Huayi.com, a Chinese medical information and education website.
India moots energy fund
According to an Indian government official, India may consider deploying some of its $254 billion in foreign exchange reserves into an SWF to support its state-connected businesses in acquiring energy assets.
Hu move highlights Goldman's role
The news that Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is retiring from the star investment bank after only two years in his current role, reportedly with plans to launch his own private equity fund, underlines the...
Fleming, Iglesias leave Wilshire in Tokyo, Canberra
Grant Fleming, the long-serving Managing Director of Wilshire Private Markets in Tokyo, and Ovidio Iglesias, Senior MD with Wilshire in Australia, have left the $6 billion fund-of-funds, the latest in a series of senior departures from Wilshire including...
Elevar closes new "poverty" fund
Seattle and Banglalore-based investment management company Elevar has announced the closing of a new "poverty-focused" growth capital fund at $70 million, and seeking to invest in microfinance institutions and other poverty-related platforms in India,...
CalSTRS appoints Wirth as PE head
The California State Teachers' Retirement System (CalSTRS) has announced the appointment of Margot Wirth, previously interim co-head of private equity with the $132.6 billion LP, as its new director of the $16.8 billion private equity portfolio.
Ramnath attracts CPP IB
Leading North American LP the Canada Pension Plan Investment Board has reportedly decided to commit $100 million to the new private equity firm, Multiple Alternate Asset Management, launched by former ICICI Venture MD and CEO Renukah Ramnath.
Industry Q&A: Stephen Greer, Oaktree Capital
Stephen Greer, former founding CEO of Hartwell Pacific and now Senior Advisor to Oaktree Capital, talks to AVCJ’s Paul Mackintosh
Asian buyers are back
Leading private equity investors are probably breathing sighs of relief as their exit options appear to be reopening, particularly in Southeast Asia.
ADIA Review reveals views, not value
Leading Middle East SWF the Abu Dhabi Investment Authority (ADIA) has released its first ever Annual Review, of its operations for 2009, giving a clear view of its dispositions and its priorities as it takes a view on particular investment areas and asset...
Fundraising: Coming back slowly
AVCJ’s latest soundings from the industry indicate that fundraising, long cited as the third shoe waiting to drop [sic.] as investments and exits regionwide recover post the GFC, may not be reviving as robustly as some had hoped.
Hopu as advisor in CNOOC Bridas deal
Leading private equity and multi-strategy investor Hopu Investment Management has reportedly been retained in its first advisory mandate: supporting Bridas Energy Holdings of Argentina in a $3.1 billion JV with China's China National Offshore Oil Corp....
Agri Business goes Global Green with $10 million
The India Agri Business Fund, operated by Rabo Equity Advisors, has invested $10 million into The Global Green Company, the foods division of $4 billion Gautam Thapar-backed Indian business conglomerate Avantha Group.
Nine Rivers invests India's AgriSystem
Nine Rivers Capital has reportedly invested some $7 million in Indian agricultural processing and distribution business Global AgriSystem.
Blackstone targets India power stake with Monnet
The Blackstone Group is reportedly targeting 12% of an Indian power project in Orissa state backed by metals and power conglomerate Monnet Ispat, in a deal that could be worth up to $58 million.
Sequoia seeks CARE stake
Sequoia Capital India is reportedly seeking a 9.4% stake in local ratings agency Credit Analysis and Research (CARE), with a probable investment amount of around $16 million.
Aditya Birla approaches final close
New Indian GP Aditya Birla Capital Advisors is reportedly about to announce the final close of its Fund I at around Rs800 crore ($176 million).
EU still not agreed on alternatives funds
European Union representatives from the 27 member states have reportedly failed to reach a deal in the latest push for consensus on regulation of alternative investment vehicles, including hedge funds and private equity.