Buyout
2Q analysis: Flipping out
Flipkart sets the tone as strategics deliver tech trade sale exits; Chinese internet players and healthcare are the trendsetters in investment; buyouts, venture stand out in Asia fundraising
Denham closes global mining fund at $558m
Denham Capital, a resources and energy-focused GP, has closed its first global mining fund at $558 million. The vehicle is intended to grow the firm's portfolio in Australia, Canada, South America and Africa.
Value Partners launches China education PE fund
Hong Kong asset manager Value Partners has launched its first PE program in mainland China with a locally focused education sector fund in partnership with university and technical college operator China Education Group.
Fund focus: Carlyle tackles growth transformation
The Carlyle Group expects to find more than enough opportunities in Asia's ongoing economic growth for the $6.55 billion corpus of its latest Asia buyout fund
VIDEO: Morrison & Foerster's Serena Tan
Serena Tan, a partner at Morrison & Foerster, discusses trends in private equity fundraising in China
Carlyle closes Asia fund at $6.55b
The Carlyle Group has closed its fifth Asia buyout fund at $6.55 billion, exceeding its predecessor by more than 65%.
Centurium reaches $1b first close on China fund
Centurium Capital, the private equity firm established by ex-Warburg Pincus China head David Li, has reached a first close on its debut fund of nearly $1 billion.
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.
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
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.
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.
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: 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
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.
Japan's Advantage closes debut Asia fund at $380m
Japanese GP Advantage Partners has closed its first Asia-focused fund with total commitments of $380 million. Investments have already been made in China, Malaysia, and Taiwan.
Permira postpones Asia fundraise
Permira has put plans for a debut Asia fund on hold as it prioritizes managing existing portfolio companies in the region. The firm was talking to investors about raising $1.5 billion.
Australia's BGH closes debut fund at $2b hard cap
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray (pictured), formerly co-head of TPG Capital in Asia, has closed its debut fund at the hard cap of around A$2.6 billion ($2 billion).
EQT closes Asia mid-market fund at $800m
EQT Partners has closed its Asia-focused middle market private equity fund on target with $800 million in commitments.
SMIC, Chinese investors to launch semiconductor fund
Hong Kong-listed Semiconductor Manufacturing International Corporation (SMIC) will launch a RMB1.62 billion ($254 million) fund in partnership with a Chinese government-backed group to invest in semiconductor assets.
Fund focus: Pencarrow underlines New Zealand interest
Pencarrow Private Equity closed its fifth fund at $176 million without the support of long-time backer New Zealand Superannuation Fund. Other LPs were happy to come in for a piece of the country's lucrative middle market
Singapore's Dymon closes Fund II at $450m
Singapore-based Dymon Asia Private Equity (DAPE) has closed its second fund targeting lower middle-market companies in Southeast Asia with $450 million in commitments. It had initially targeted a corpus of $350 million.
PennSERS to invest $75m in Hahn & Co's Korea fund
Pennsylvania State Employees’ Retirement System (PennSERS) has agreed to commit up to $75 million to Hahn & Company’s third Korea-focused fund.
New Zealand's Pencarrow closes Fund V at $176m
New Zealand-based Pencarrow Private Equity has reached a first and final close of NZ$250 million ($176 million) for its fifth fund after eight weeks on the market. It had targeted a corpus of NZ$200 million.
Australia's Archer abandons plans for new fund
Archer Capital, one of Australia’s largest private equity players, has abandoned plans to raise a sixth fund, with founding partner and CEO Peter Wiggs (pictured) set to retire from the firm.
