Funds
Globis raises $321m for Japan VC fund
Japanese venture capital firm Globis Capital Partners has raised JPY36 billion ($321 million) for its sixth fund. The overall target of JPY37.5 billion is expected to be reached by June.
Malaysia's RHL Ventures launches SME fund
RHL Ventures has launched a MYR100 million ($24.2 million) fund focused on small to medium-sized enterprises (SME) with a cornerstone investment from government-owned SME Corp Malaysia.
DCP closes debut China fund at $2.5b
DCP Capital – a PE firm established by David Liu (pictured) and Julian Wolhardt, who previously held leadership positions with KKR in China – has closed its debut fund with around $2.5 billion in commitments. It comprises a US dollar-denominated tranche...
NewQuest seeks $850m for fourth Asia secondaries fund
NewQuest Capital Partners, an Asia-focused secondaries specialist in which TPG Capital acquired a minority stake last year, has set a target of $850 million for its fourth fund.
Australia's OneVentures hits $32m first close on venture debt fund
Australia’s OneVentures has reached a A$45 million ($32 million) first close on a venture debt fund touted as the first of its kind in the country.
CCA’s VC unit expands into Indonesia
Coca-Cola Amatil (CCA), an Australia-listed food and beverage distributor for Coca-Cola and several other food brands, has established a branch of its venture capital unit Amatil X in Indonesia.
Shiyu Capital closes second renminbi fund at $477m
Shiyu Capital, which focuses on growth-stage investments in Chinese healthcare companies, has closed its second renminbi-denominated fund at RMB3.2 billion ($477 million), beating the RMB3 billion target.
1Q analysis: China malaise
First quarter analysis: China uncertainty hits PE investment; public market instability holds back IPOs; distress strategies underpin India fundraising as commitments to China-focused managers plummet
China distress specialist DCL seeks $500m for US dollar fund
DCL Investments, a China-based distressed debt and special situations manager, is targeting around $500 million for its first US dollar-denominated fund, hoping to leverage renewed interest from foreign investors in this space.
Fund focus: Back on the map
The Longreach Group has leveraged rising appetite for exposure to Japan’s middle market with a $650 million close for its latest buyout fund. Increased global participation contributed to the result
B Capital reaches $406m first close on second fund
B Capital Group, a US venture capital firm with a strong Asia focus established by Facebook co-founder Eduardo Saverin, has reached a first close of $406.1 million for its second fund.
China’s Harvest Capital hits $446m first close on consumer fund
China-based Harvest Capital, formerly known as Sino-Can Harvest Capital (SCHC), has reached a first close on its new consumer-focused fund at RMB3 billion ($446 million).
Baring Asia gets $300m fund commitment via HSBC private bank
HSBC Private Banking has raised approximately $300 million from its clients for Baring Private Equity Asia’s latest pan-regional fund.
China's Source Code raises $570m for latest US dollar funds
Source Code Capital, a Chinese VC firm founded by Yi Cao (pictured), formerly a partner at Sequoia Capital China, has closed two new US dollar vehicles at $570 million.
Profile: Openspace Ventures' Hian Goh
Hian Goh knows better than most Southeast Asian VC investors the cultural barriers that discourage the region’s entrepreneurs. With Openspace Ventures he aims to provide start-ups the support they need
DSG hits $30m first close on third consumer fund
DSG Partners Asia, which targets early-stage consumer opportunities in India and Southeast Asia, has reached a first close of $30 million on its third fund.
PAG appoints KKR dealmaker as India PE head
PAG has hired Nikhil Srivastava from KKR to lead its India private equity operations as the firm looks to expand its coverage of the country.
Gobi launches $20m Pakistan-focused fund
Gobi Partners has launched a $20 million fund with Fatima Ventures, the corporate VC arm of Pakistani conglomerate Fatima Group, to tap opportunities in the country.
Longreach closes latest buyout fund at $650m
The Longreach Group has reached a final close of $650 million on its third North Asia-focused mid-market buyout fund.
Carlyle invests in Japanese cosmetics maker Tokiwa
The Carlyle Group has agreed to invest an undisclosed amount in Japanese cosmetics manufacturer Tokiwa to support its domestic and overseas expansion plans.
Fund focus: Hostplus’ diversification drive
Australia's Hostplus partners with Natixis-backed Flexstone Partners for an investment program focused on backing middle-market US managers
Oaktree Asia distress head relocates to Hong Kong
Pedro Urquidi, global co-portfolio manager and head of distressed debt for Europe and Asia for Oaktree Capital, will relocate to the firm’s Hong Kong office to play a more active role in its Asia business.
Singapore's Tembusu launches $149m in China funds
Singapore-based private equity firm Tembusu Partners has confirmed it will launch a series of funds to invest at least RMB1 billion ($149 million) in Chinese growth-stage companies.
China's CIC launches fund with Eurazeo, BNP
China Investment Corporation (CIC) has teamed up with France-based GP Eurazeo and BNP Paribas to launch a Europe-China growth fund with a target corpus of EUR1-1.5 billion ($1.1-1.7 billion).
