Investments
AVCJ at 30: Part One - The Early Days
Lewis Rutherfurd of Inter-Asia Venture Management, Brooks Zug of HarbourVest Partners, Dan Carroll of Brooklands Capital Strategies, and Piau-Voon Wang on how private equity got started in Asia
Tencent leads $40m round for China’s Ubtech Robotics
Tencent Holdings has led a $40 million Series C round of funding for Shenzhen-based Ubtech Robotics, a humanoid robot maker backed by CDH Investments and Goldstone Investment.
KKR media platform leads $65m round for Southeast Asia's aCommerce
Emerald Media, an Asian investment platform created by KKR, has led a $65 million Series B funding round for Thailand-based online retailing services company aCommerce.
Quadrant's family entertainment platform makes debut acquisition
Australia’s Quadrant Private Equity has purchased amusement arcade operator Timezone Group as the first part of a buy-and-build strategy in the family and children’s entertainment market.
APG commits $175m to India retail JV
Dutch pension fund manager APG Asset Management has committed $175 million to Virtuous Retail South Asia (VRSA), its India-focused retail joint venture with London-based emerging markets investment firm Xander Group.
DCM leads $75m round for China's Maimai
DCM Ventures has led $75 million Series C round for Maimai, a Chinese social networking app for professionals, with participation from existing backers IDG Capital and Morningside Venture Capital.
Accel invests $15m in Indian fashion retailer
Accel Partners has invested about INR1 billion ($15.3 million) in Universal Sportsbiz (USPL), an Indian fashion retailer that focuses on sports apparel under the name Collectabillia.
Tech, institutionalization drive change in Asia PE – AVCJ Forum
Asian investors must plan to negotiate a China-dominated deal landscape with increased attention to technology and institutionalization trends, according to industry participants at the AVCJ Forum.
Singapore's VC-backed Quoine raises $105m via ICO
Singapore-based Quoine, a financial technology company backed by Japan’s Jafco, has raised $105 million via an initial coin offering (ICO).
Vertex co-leads $8m round for Singapore's Active.ai
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has co-led an $8.25 million Series A round for Singapore-based financial technology platform Active.ai.
Timing, sector selection critical to success in Asia deals - AVCJ Forum
Private equity firms are seeing more deal flow across Asia, but in a climate of high valuations investors must pick the right markets at the right time, and be creative in sourcing opportunities.
Timeline: Three decades of Asia private equity
AVCJ was founded in 1987. Here are some landmark events from the industry's development since then
KKR wins firm of the year at AVCJ Awards
KKR was named firm of the year and won the large-cap fundraising prize at the 2017 AVCJ Private Equity & Venture Capital Awards. Yichen Zhang of CITIC Capital was honored as PE professional of the year while PAG Asia Capital and an MBK Partners and Goldman...
SBCVC leads $33m round for China’s Malong Technologies
SBCVC has led a RMB220 million ($33 million) Series B round for Shenzhen-based Malong Technologies – its first investment in an artificial intelligence (AI) technology company in China.
A significant birthday
Among the various events that have contributed to the development of private equity in Asia over the 30 years since AVCJ was established, three stand out as particular game changers
Q&A: Qiming Venture Partners' Gary Rieschel
Gary Rieschel, founding managing partner at Qiming Venture Partners, got his first taste of China VC while working for SoftBank in the 1990s. He recollected to AVCJ how the industry made its mark on a global scale
Creador invests $33m in India’s Ujjivan
Creador has invested INR2.15 billion ($32.9 million) in Ujjivan Financial Services, the publicly listed holding company for Ujjivan Small Finance Bank.
Asia buyouts: The big get bigger
Asia’s pan-regional buyout players are raising ever larger funds and pursuing ever larger deals. Is there now more capital in this segment of the market than places to – sensibly – put it?
Bain to invest $1b in India's Axis Bank
Bain Capital Private Equity will invest INR68.5 billion ($1.05 billion) in India’s Axis Bank through a combination of equity shares and warrants that – on conversion – will give it a 4.87% stake.
SCPE to buy stake in Singapore-listed crane business
Standard Chartered Private Equity (SCPE) has offered to buy a stake of unspecified size in Tat Hong Holdings in a deal that values the Singapore-listed crane and heavy equipment supplier at approximately S$376 ($277 million).
NewQuest joins $31m round for China video cloud player
Asia-dedicated secondaries investor NewQuest Capital Partners has participated in a RMB208 million ($31 million) Series C round for Bokecc.com, a China-based company that offers video cloud computing solutions.
China's Primavera supports buyout of US study abroad business
China-focused GP Primavera Capital and Paris-listed investment firm Eurazeo have together invested in WorldStrides, a US-based provider of study-abroad programs for high school and university students, with a view to supporting expansion in Asia and Europe.
Japan home health tech player gets $4.4m
Nissay Capital and 2020, the Japanese investment arm of Foxconn Technology Group, have invested JPY500 million ($4.4 million) in a pre-Series B round for Tokyo-based healthcare technology start-up Triple W Japan.
South Korea's MyMusicTaste gets $11m Series C
KTB Network has led an $11 million Series C funding round for MyMusicTaste, a Korean crowdsourcing platform operator focused on organizing fan-requested concerts.