Japan Industrial Partners (JIP), the Japanese private equity firm leading the USD 15bn privatisation of Toshiba, has set the hard cap for its latest fund at JPY 300bn (USD 2bn) and secured a six-month extension to the fundraising period.
Australian middle market private equity firm Anacacia Capital is preparing to launch its fourth fund, telling investors that it expects to surpass the AUD 300m (USD 193m) raised for Fund III but would not exceed AUD 450m.
LP allocations to China funds are limited in number and hotly contested. Forebright Capital closed its latest vehicle by emphasising its track record in advanced manufacturing and enterprise software
China-focused private equity firm Centurium Capital is looking to raise USD 1.5bn for its second US dollar-denominated fund, having originally targeted USD 2.5bn in a stop-start process that began more than three years ago.
CVC Capital Partners has hit the USD 4.45bn mark on its sixth pan-Asian fund, following a first close of USD 3.5bn at the end of last year.
Japanese middle market private equity firm Endeavour United has closed its third fund with JPY 53bn (USD 370m) in commitments, a two-thirds increase in size on the previous vintage.
The Longreach Group is looking to raise USD 800m for its fourth fund, which will continue the firm’s existing strategy of mid-market control deals in North Asia with an emphasis on Japan.
The nominations period for the 2023 AVCJ Private Equity & Venture Capital Awards has been extended to September 28, following requests from industry participants.
North Asia-focused buyout firm MBK Partners has set a target of USD 7bn for its sixth flagship fund, according to three sources familiar with the situation.
UCK Partners, a South Korean private equity firm formerly known as Unison Capital Korea, has accumulated approximately KRW 1trn (USD 777m) across two incremental closes on its third fund.
Asia PE fundraising reached USD 60.3bn in the first half of 2023, down 7.6% year-on-year, but the total was still skewed upwards by activity in the renminbi-denominated space. Capital committed to US dollar funds alone was USD 21.8bn, down from USD 48.2bn.
Next Capital claims to have relatively free rein in Australia’s underpenetrated lower middle market. Dedication to the opportunity set underpinned a painless fundraising process for its latest vehicle
Australia’s Next Capital has closed its fifth lower middle market buyout fund with AUD 375m (USD 251m) in commitments, beating a target of AUD 350m.
The Carlyle Group is looking to raise as much as JPY 400bn (USD 2.8bn) for its fifth Japan fund, a 55% increase on the previous vintage, in a move that underscores robust investor sentiment on the market.
The Dietrich Foundation, which has one of the highest China PE and VC allocations of any US LP, is cautious on the market but not disengaged. Meanwhile, India and Southeast Asia are becoming more interesting
Cathay Capital Private Equity has closed its fourth small-cap fund - which will make investments across Asia, North America, and Europe - on EUR 240m (USD 262m). It takes the firm's total assets under management (AUM) past EUR 5bn.
South Korean private equity firm Hahn & Co has reached a first close of USD 1.9bn on its fourth flagship buyout fund against an overall target of USD 3.25bn.
Australian middle market GP Adamantem Capital has reached a first close of AUD 150m (USD 100m) on its debut environmental opportunities fund (EOF) and made a first investment from the vehicle in food packaging business PAC Trading.
TA Associates, a global growth-oriented investor with an Asia portfolio that is relatively heavy on India and Australia, has closed its 15th fund at the hard cap of USD 16.5bn after seven months in the market.
China-based private equity firm Primavera Capital Group closed its fourth US dollar-denominated fund in February on target at USD 4bn.
PrimeMovers, which spun out from Platinum Equity last year, and UK-based Lingotto Investment Management have jointly acquired Malaysian precision manufacturing company EngTek
Singapore’s Exacta Capital Partners, a PE firm affiliated with Mizuho Asia Partners, has received USD 25m from Asian Development Bank (ADB) for its latest fund. The target is USD 350m.
Geopolitical uncertainty is making global institutional investors increasingly risk-off on Asian private equity – and on China in particular – at a time when overallocation issues are already restraining the pace of commitments to the asset class.
Japan’s Advantage Partners deployed Fund VI faster than expected and only some LPs wanting to delay commitments for budgetary reasons prevented a swift final close on Fund VII