Funds
Blackstone closes debut Asia PE fund at $2.3b
The Blackstone Group has achieved a final close on its maiden Asia-focused private equity fund at a revised hard cap of $2.3 billion.
India's Axilor launches $30m seed fund
Indian early-stage investor and accelerator Axilor Ventures has launched a INR2 billion ($30 million) fund aimed at seed investments in Indian start-ups.
Fund focus: Anacacia eyes middle-market harvest
Anacacia Capital attracts a record amount from foreign LPs as its third Australia mid-market buyout fund closes at the hard cap of $225 million
TPG buys stake in Asia secondaries specialist NewQuest
TPG Capital has agreed to take a minority stake in Asia-focused NewQuest Capital Partners, with a view to helping the secondaries specialist scale up its platform and address a wider variety of opportunities in an expanding yet underpenetrated market.
Temasek launches $300m India logistics platform
Temasek Holdings has joined Ascendas-Singbridge, its real estate-focused joint venture with state-owned development firm JTC Corporation, to launch a INR20 billion ($300 million) investment program for Indian logistics and industrial assets.
Southeast Asia's Grab launches venture arm
Southeast Asia-focused ride-hailing app operator Grab has launched a venture capital unit aimed at developing and investing in emerging technology businesses across the region.
Fund focus: Pivotal’s urge to incubate
Nan Fung Group has established Pivotal Bioventure Partners China to build a concentrated portfolio of high-quality life science assets and nurture them from inception to exit
Apis targets $400m for emerging markets growth fund
Apis Partners is targeting $400 million for its second middle-market growth fund focused on financial services and technology investments in emerging markets, with a $500 million hard cap.
China VC: Selection issues
China's venture capital space is increasingly popular among LPs, overpopulated by GPs, and generally difficult to navigate
Japan's Gumi raises $30m for blockchain VC fund
Gumi, a Japanese mobile game publisher backed by a number of VCs, has secured $30 million for a venture capital fund that will invest in blockchain and cryptocurrency start-ups.
Korea Post Insurance to allocate $200m to global buyout funds
Korea Post Insurance plans to allocate $200 million to as many as three managers focusing on global buyouts, predominantly in North America and Europe.
Fund focus: AlphaX tracks evolving China VC story
Having raised $270 million for his debut fund at AlphaX Partners, former Highland Capital Partners executive Chuan Thor is keen to tap emerging trends in consumer internet and enterprise services
China's Genesis targets $600m for second fund
Genesis Capital, a Chinese venture capital firm established by Richard Peng, formerly head of M&A at Tencent Holdings, is targeting $600 million for its second fund.
Australia's Anacacia closes third fund at $225m
Australian private equity firm Anacacia Capital has closed its third middle-market fund at the hard cap of A$300 million ($225 million), following an oversubscribed fundraising process.
VIDEO: Shoreline Capital's Tony Liu
Tony Liu, COO of Shoreline Capital, discusses investment opportunities in China's non-performing loan (NPL) space.
China's Sinovation launches AI-focused fund
Sinovation Ventures has formed a RMB2.5 billion ($395 million) venture capital fund that will focus on artificial intelligence (AI). It is a cooperative effort with the Guangzhou government to drive technology development.
Pivotal raises $150m for China life sciences fund
Pivotal Bioventure Partners China, an investment platform of Hong Kong conglomerate Nan Fung Group, has raised $150 million for a fund that will incubate Chinese life science start-ups.
Primavera reaches $1.5b first close on China fund
Primavera Capital Group has completed a first close of approximately $1.5 billion on its third China fund. The overall target is $2.8 billion.
Temasek unit targets $500m PE fund-backed bond issue
Retail investors in Singapore will be able to get exposure to the Temasek Holdings private equity portfolio through a $500 million bond issuance backed by 36 funds, including vehicles managed by The Blackstone Group, KKR, Silver Lake Partners, and TPG...
Fund focus: Tapping the Alibaba talent seam
Vision Plus Capital looks to tap the entrepreneurial talent developing in Alibaba Group's ecosystem for its second US dollar and renminbi-denominated funds
Fund focus: Advantage set for Asia ex-Japan push
Advantage Partners aims to build on the firm's experience connecting Asian entrepreneurs with opportunities in Japan in its first Asia-focused fund
China's AlphaX raises $270m venture capital fund
AlphaX Partners, a Chinese venture capital firm established by Chuan Thor (pictured), formerly of Highland Capital China, has closed its first US dollar and renminbi-denominated fund with around $270m in commitments.
Legend hits $156m first close on renminbi healthcare fund
Legend Capital has reached a first close of RMB1 billion ($156 million) on its second dedicated healthcare fund. A US dollar-denominated vehicle – also the VC firm’s second for the sector – is scheduled for launch in the third quarter.
San Francisco pension fund backs China's SBCVC - update
San Francisco City & County Employees’ Retirement System has committed $25 million to SBCVC’s sixth China fund, which has a target of $500 million. The GP closed its previous VC vehicle at $459 million in 2016.
