Buyout
Japan's Tokio Marine Capital spins out from parent
Japanese mid-market buyout firm Tokio Marine Capital is spinning out from its corporate parent to form an independent investment manager known as T Capital Partners.
KKR names Hirano, Shastry as co-heads of Asia PE
Hiro Hirano and Ashish Shastry, who lead KKR’s operations in Japan and Southeast Asia, respectively, have been appointed co-heads of private equity across the region.
TCDRS backs Baring's latest Asia fund
Texas County & District Retirement System (TCDRS) has committed up to $100 million to Baring Private Equity Asia’s seventh pan-regional fund.
Mandarin reaches first close on third China-Europe fund
China-Europe cross-border private equity firm Mandarin Capital Partners has reached a first close of EUR148 million ($163 million) on its third fund. The overall target is EUR250 million.
Korean carve-outs: Network effects
Chaebol carve-outs have historically been elusive for global firms operating in Korea. A growing appreciation of their value-add capabilities could be the catalyst needed to direct more deals their way
Fund focus: CITIC Capital eyes divestment opportunity
CITIC Capital has scaled up for its latest China fund, raising 75% more capital than in the previous vintage. The buyout-focused GP expects tighter liquidity to drive more corporate carve-outs
CITIC Capital closes fourth China buyout fund at $2.8b
CITIC Capital has closed its fourth China buyout fund at the hard cap of $2.8 billion. It is the private equity firm’s largest fund raised to date.
KKR prepares for fundraising spree
KKR expects to begin raising its fourth Asian fund within the next 18 months as its three largest vehicles globally all come back to market.
Q&A: Adamantem Capital's Anthony Kerwick
Anthony Kerwick, co-founder of Australian mid-market GP Adamantem Capital, discusses the challenges of setting up a new firm, the importance of future-proof investments, and Australia’s growing overseas angle
IMM reaches $1.3b first close on Fund IV, strikes two deals
Korea’s IMM Private Equity has hit the $1.3 billion mark with a first close on its fourth fund, with contributions from international LPs added to the core domestic support. The manager has already put $450 million to work across two deals.
Investcorp raises $145m for IDFC India PE fund
Investcorp has reached a final close of INR10 billion ($145 million) on the second private equity fund of IDFC Alternatives. The Bahrain-listed asset management firm acquired IDFC's PE and real estate businesses last year.
Investors challenged by governance in SE Asia – AVCJ Forum
Implementing institutional-class governance practices at portfolio companies remains a significant hurdle for Southeast Asia-focused buyout firms, industry participants told the AVCJ Singapore Forum.
Q&A: Gaja Capital's Gopal Jain
Gopal Jain, co-founder and managing partner at Gaja Capital, discusses the growing appetite among US institutional investors for Indian private equity and the country’s attraction for US strategic players
Australia’s Archer targets $208m for sixth fund
Australian GP Archer Capital has revived its plans to raise a sixth fund and set a target of A$300 million ($208 million), more than a year after halting the process amid the planned departure of Peter Wiggs, the firm’s founding partner and CEO.
Hamilton Lane targets Asia with $1.7b co-investment fund
Hamilton Lane has closed its fourth global co-investment fund at $1.7 billion, with a view to deploying 15-20% in Asia. It is the firm’s largest co-investment fund to date.
The 20-year review
AVCJ's Japan Forum has been going for two decades, a period during which the industry has embarked on several roller-coaster journeys. For now, though, the market appears to be in good health
Japan PE fundraising: Upsizing
Japanese private equity firms are looking to raise larger funds, based on what is described as a blossoming investment opportunity. Do they risk biting off more than they can chew?
Fund focus: Advent leverages global muscle in Asia
Advent International has up to $3 billion to deploy in Asia following its recent global fundraise. It has increased headcount to widen sector coverage
Advent raises $17.5b for ninth global fund
Advent International has closed its latest global fund at the hard cap of $17.5 billion, completing its largest-ever fundraising exercise in the space of six months.
Australia's PEP surpasses $1.4b in Fund VI first close
Pacific Equity Partners (PEP) has reached a first close of just over A$2 billion ($1.4 billion) on its sixth Australia and New Zealand-focused buyout fund, with the hard cap set at A$2.5 billion.
Archipelago closes debut fund at $75m
Southeast Asia-focused private equity firm Archipelago Capital Partners has closed its debut fund at $75 million, and plans to raise a successor vehicle in 2020.
EMR launches third fund with $1.3b target
Australian resources-focused private equity firm EMR Capital has launched its third fund with a target of $1.3 billion.
GIC, Tata to invest $573m in India hotels
Singapore’s GIC Private has partnered with the Indian Hotels Company (IHCL), a hospitality unit of India’s Tata Group, for an Indian hotel platform that will invest INR40 billion ($573 million) over the next three years.
VIG hits $530m first close on fourth Korean fund
VIG Partners has reached a first close of $530 million on its fourth Korea-focused fund, with international investors accounting for more than 60% of commitments received so far.
