Articles by Paul Mackintosh
Carlyle's BJ RMB MOU breaks cover
The Carlyle Group’s recent announcement of its MOU with the Beijing Municipal Bureau of Financial Work, a division of the Beijing municipal government, to form a Beijing-based RMB fund, the Carlyle Asia Partners RMB Fund, has attracted considerable attention...
Carlyle promotes for prospects in Asia
The Carlyle Group has made a number of key senior promotions in its Asia Pacific team, part of a global round of 33 elevations across the group announced this month.
Private equity's crisis year, by the numbers
The Research division of AVCJ has just released the full-year figures for the Asia Pacific market in 2009 – and they make interesting reading.
CalPERS places spotlight on placement
One not strictly Asia Pacific development that emerged lately – but one that certainly has implications for GPs here – is the latest wrinkle in the ongoing controversy over the relationship between California Public Employees' Retirement System (CalPERS)...
Mount Kellett said retrenching
Mount Kellett Capital Management, the special situations fund founded by former Goldman Sachs proprietary investment star Mark McGoldrick, has reportedly cut the headcount in its 30-person Hong Kong office by up to one third, with most or all of these...
Bessemer makes Gupta MD
Bessemer Venture Partners has promoted BVP India investment director Vishal Gupta to MD in its Bangalore office.
Avigo recruits Harikrishnan
Delhi-headquartered mid-market investor Avigo Capital Partners has recruited S. Harikrishnan as an investment director to oversee investments from the firm’s Mumbai office.
TA Associates invests Micromax
Boston-headquartered mid-market leader TA Associates has announced a $45 million investment into Indian mobile handset business Micromax Informatics Ltd.
Venture Q&A: Peter Wagner
Rebecca Fannin recently chatted with Accel Partners’ Peter Wagner, who heads up the investment firm’s strategy in India.
Stimulus and response
AVCJ presents some more highlights of leading economists and market observers’ predictions for the year ahead.
Carlyle announces Beijing RMB fund
The Carlyle Group has announced an MOU to form a Beijing-based RMB fund in partnership with the Beijing Municipal Bureau of Financial Work.
3i plans new growth fund
London-headquartered investor 3i Group is reportedly planning a £1 billion ($1.6 billion) growth capital fund, seeking chiefly minority positions, though with the option to take control stakes.
Venture bounces back – for some
Amid all the gloom and despondency over fundraising, especially in once-favored sectors like venture capital, it’s good to see an outsize success – especially when the firm in question is a long-time Asia investor.
NEA kicks the slump
The world’s largest VC firm, New Enterprise Associates, has announced the final close of its latest global fund, New Enterprise Associates XIII, at just under $2.5 billion, bringing its total committed capital to some $11 billion.
Rebecca Xu of Asia Alternatives on China
Rebecca Xu, one of the three co-founding MDs of independent fund of funds Asia Alternatives Management, describes her firm's edge in the PRC market and her assessment of the opportunities and developments there.
Abraaj, Waha catch Minnow
Middle Eastern private equity leader Abraaj Capital, in partnership with Abu Dhabi’s Waha Capital, has 100% acquired local offshore petrochemicals support contractor Minnow Marine Projects Ltd. through Singapore’s Stanford Asia, a division of their joint...
HarbourVest makes promotions as Delbridge steps back
HarbourVest Partners has given several Asia-based executives wider roles, as one of its pioneering investors in the region moves to a less active position.
2010: A roaring Year of the Tiger?
2010 may deliver the hoped-for recovery, but no one is taking it for granted.
Fast Global invests MobGold
Fast Global Investments, a hitherto unrecorded TMT-focused early stage Greater China investor, has led a $12 million Series B round of funding for MobGold, a Hong Kong-headquartered developer of mobile advertising and payment solutions.
Ripplewood in running for Daweoo Electronics
Ripplewood Holdings has been reportedly shortlisted as one of the five potential buyers for the assets of Daewoo Electronics, a division of the collapsed Daewoo Group.
Primus looks at EON exits
Primus Pacific Partners is in the frame to exit its 20.2% stake in Malaysia’s EON Capital as local peer Hong Leong Bank reportedly is negotiating with other shareholders to acquire the bank.
Kotak, Mahindra invest Oz aerospace
Indian private equity player Kotak Private Equity Group, in partnership with local conglomerate Mahindra & Mahindra Ltd. through its recently-formed Mahindra Aerospace Pvt Ltd. unit, has taken majority stakes in two Australian aerospace businesses: parts...
Jacob Ballas, NEA, team on FSS deal
Jacob Ballas Capital India and US VC major New Enterprise Associates have reportedly teamed up to invest $60 million in Chennai-based electronic payments player Financial Software & Systems Ltd., for around 40% of the company.
Acquittal clears KEB exit for Lone Star
One of Asian private equity’s longest-running legal disputes appears close to resolution with the acquittal of two former Korean government officials.