Funds
Portfolio Advisors raises $1bn for global fund-of-funds
Portfolio Advisors has closed its latest global multi-strategy fund-of-funds – which allows LPs to customise allocations across several key areas – with commitments of just over USD 1bn.
Q&A: 17Capital’s Pierre-Antoine de Selancy
17Capital is a credit provider to the private equity industry, lending against fee streams at the GP level and the fund level. Pierre-Antoine de Selancy, the firm’s managing partner, assesses the market
Asia PE compensation set for downward adjustment in 2023
Compensation for private equity professionals at most levels of seniority in Asia Pacific continued its upward trend in 2022 despite a weaker economic outlook and a slowdown in deal flow, but executive search firm Heidrick & Struggles expects some kind...
Lighthouse hits $200m first close on fourth India fund
Lighthouse Funds has reached a first close of approximately USD 200m on its fourth India mid-market fund – four months after returning nearly the entire Fund III corpus through an exit from beauty e-commerce platform Nykaa.
Heritas hits $20m first close on Asia impact fund
Singapore-based private equity firm Heritas Capital has reached a first close of USD 20m on its latest Asia impact fund against an overall target of USD 50m. DBS contributed USD 10m.
India's Rockstud targets $37m for sophomore angel fund
India’s Rockstud Capital, an early-stage VC investor backed by high net worth individuals, has launched its second angel fund with a target of INR 3bn (USD 37m).
BPEA EQT hits first close on mid-market fund, seals debut deal
BPEA EQT – which was formed through the merger of Baring Private Equity Asia and EQT – achieved a first close on its pan-regional mid-cap fund at the end of last year and the vehicle recently completed its debut investment in a Malaysia-headquartered...
BlackRock hires Campbell Lutyens' Asia head
BlackRock has recruited George Maltezos, formerly head of Asia Pacific at placement agent Campbell Lutyens, to lead alternatives distribution in the region.
Adams Street establishes Australia presence
Adams Street Partners has opened an office in Sydney, which will be led by Shaun Thomas, an investor relations principal who joined the firm last November.
AI-dedicated GP targets South, Southeast Asia
A group of artificial intelligence (AI) investors in Africa have launched a new Singapore-based private equity firm, AI Capital, that will invest across South and Southeast Asia, as well as Africa.
Permira closes $17.6b global buyout fund
Permira has closed its latest flagship global buyout fund with EUR 16.7bn (USD 17.6bn) in commitments, a 50% increase on the previous vintage.
Japan's Keio Innovation targets $109m for Fund III
Keio Innovation, a VC arm of Keio University, is aiming to raise JPY 15bn (USD 109.2m) for its third fund, more than its first two vintages combined.
Xiaomi hits $1.3b second close on semiconductor fund
Xiaomi Private Equity Fund Management, a unit of Chinese smart phone maker Xiaomi, has achieved a second close of CNY 9bn (USD 1.29bn) on a semiconductor fund targeting CNY 10bn.
B Capital closes US-Asia healthcare fund on $500m
US and Asia-focused VC firm B Capital has closed its first dedicated sector fund, collecting USD 500m for investments in healthcare.
India's Nexus Venture closes Fund VII on $700m
Nexus Venture Partners has reached a final close on its seventh India venture capital fund with USD 700m in commitments, taking the firm’s total assets under management past the USD 2bn mark.
GP profile: Yunqi Partners
It took seven years for Yunqi Partners' 2B investment thesis to be proven with the emergence of a swath of unicorns. The Chinese VC firm expects much more from the space – at rational valuations
Singapore's Grayscale hits first close on debut VC fund
Grayscale Ventures, a Singapore-based VC firm set up last month by South Asia-focused investors at Japan’s Strive, has achieved a first close of about USD 10m on its debut fund.
Regulator raises the qualification bar for Chinese GPs
China has introduced minimum paid-up capital requirements for local private equity firms that could force smaller, less sophisticated players out of the market.
AVCJ Awards 2022: Fundraising of the Year – Mid Cap: Potentia Capital
For Australia’s Potentia Capital, the beauty of its sophomore fundraise was not that it took four months, but that it took two years. Putting out feelers well before the official launch created buzz
Guangzhou government commits $29bn to fund-of-funds
The Guangzhou provincial government has established two fund-of-funds (FoFs) with a combined scale of CNY 200bn (USD 29bn).
Gobi-Core named partner for Philippines start-up fund
A Philippines-focused fund supported by Gobi Partners has been selected as a co-investment partner for the government’s Startup Venture Fund (SVF), which was launched in 2021 to support early-stage investment.
New Zealand's Pencarrow closes Fund VI on $187m
New Zealand-based Pencarrow Private Equity has closed its sixth fund at the hard cap of NZD 300m (USD 187m), having scaled up from NZD 250m in the previous vintage.
PeerCapital hits $37m first close on India early-stage fund
PeerCapital, an Indian venture capital firm that participates in seed and Series A rounds, has reached a first close of INR 3bn (USD 36.3m) on its debut fund.
Primavera targets onshore China deals
Primavera Capital Group has established a fund under China's Qualified Foreign Limited Partnership (QFLP) regime, underlining interest in onshore investments among managers with US dollar-denominated pools of capital.
