Funds
New Zealand's Oriens hits $56m Fund II target
New Zealand private equity firm Oriens Capital has hit the NZ$80 million ($56 million) target for its second fund and is now seeking NZ$20 million in oversubscriptions.
Fund focus: Plugging ASEAN family offices into global tech
Family offices have helped iGlobe Partners renew a lean and restrained deep tech VC mandate. A global investee network is hoped to facilitate overseas investments amid travel stoppages
Asia secondaries: Continuation conundrum
The rapid ascent of single-asset continuation vehicles in the US and Europe might be emulated in Asia, but investors are approaching the market with measured optimism
Lucian Wu leaves HQ Capital
Secondaries specialist Lucian Wu has left his role as a managing director with HQ Capital in Hong Kong.
DFC backs Openspace, Chiratae funds
The US International Development Finance Corporation (DFC) – formerly the Overseas Private Investment Corporation (OPIC) – has made commitments to funds being raised by Southeast Asia-focused Openspace Ventures and India’s Chiratae Ventures.
Fund focus: Unicorn does the hard yards
Six-year-old Unicorn Capital Partners has closed its latest China VC vehicle at the hard cap of $450 million, proving there is demand for fund-of-funds that offer something different
India micro VC player Artha raises $30m debut fund
Indian micro VC investor Artha Venture Fund (AVF) has raised INR2.2 billion ($30 million) for its debut vehicle, beating a target of INR2 billion.
Orchid Asia reaches $1.1b first close on Fund VIII
Orchid Asia has achieved a first close of $1.1 billion on its eighth fund, five months after launching the vehicle with a full target of $1.6 billion.
Singapore food tech VC raises $25m for debut fund
Good Startup, a food tech VC set up in Singapore last year, has hit a $25 million first close on its debut fund, which will invest exclusively in alternative protein start-ups.
China's Oceanpine raises $312m for renminbi hard-tech fund
Chinese technology and healthcare investor Oceanpine Capital has closed its Hardcore Technology Investment Fund on RMB2 billion ($312 million). LPs include government guidance funds and fund-of-funds in Suzhou, where the new vehicle is based.
Singapore's iGlobe completes $100m fundraise
Singapore-based iGlobe Partners has closed its third venture capital fund with $100 million in commitments.
KV Asia hits $100m first close on Fund II
KV Asia Capital has reached a first close of $100 million for its second Southeast Asia private equity fund. The vehicle, which focuses on the lower middle market, has a target of $300 million.
HarbourVest opens in Singapore, boosts Asia investment team
HarbourVest Partners has expanded its Asia footprint by adding an office in Singapore and strengthened its Hong Kong team with the recruitment of Lydia Hao from Neuberger Berman.
Unicorn raises $450m for VC fund-of-funds
China-focused venture capital fund-of-funds Unicorn Capital Partners has closed its latest vehicle at the hard cap of $450 million. The process took six months and the fund was oversubscribed
Japan's Dentsu launches second VC fund
Japanese advertising agency Dentsu Group has set up its second corporate VC fund with a corpus of JPY10 billion ($91.1 million).
Singapore's Heritas hits first close on Asia impact fund
Heritas Capital, a Singapore-based private equity firm sponsored by industrial conglomerate IMC Group, has reached a first close of $60 million on a pan-Asia impact investment fund.
TA raises $12.5b for 14th flagship fund
TA Associates, a global growth-oriented investor with a presence in Asia, has closed its 14th flagship fund at the hard cap of $12.5 billion.
Fund focus: Glory’s deep-tech thesis gains traction
Having initially struggled to win over LPs with a strategy focused on capital-intensive deep-tech assets, Glory Ventures was helped by US-China technology decoupling and the rise of new infrastructure
Ex-Goldman Japan strategist launches ESG VC fund
Kathy Matsui, formerly vice chair and chief Japan strategist at Goldman Sachs, has launched what is described as Japan’s first global venture capital fund focused on environment, social and governance (ESG).
China's Yingke closes renminbi, US dollar funds
Shanghai-based Yingke Private Equity has raised RMB10 billion ($1.57 billion) for its latest renminbi-denominated fund as well as an undisclosed sum for a third US dollar vehicle.
Glory raises $120m for second China venture fund
China's Glory Ventures has closed its second US dollar-denominated fund at $120 million, with VC-focused fund-of-funds Unicorn Capital Partners serving as the anchor LP.
Shanghai broadens investment scope of QFLP
Shanghai is giving foreign investors better access to unlisted assets and private funds - under an expanded Qualified Foreign Limited Partner (QFLP) regime - as part of efforts to establish itself as a global asset management hub.
Stride seeks $137m for second India venture debt fund
India venture debt provider Stride Ventures has launched its second fund with a target of INR10 billion ($137.5 million), with a greenshoe option that could see the corpus rise to INR18.7 billion.
Japan's CyberAgent raises $55m for latest VC fund
CyberAgent Capital, a unit of Japanese advertising agency CyberAgent also known as CyberAgent Ventures, has raised JPY6 billion ($55 million) for its third flagship VC fund.
