Australia's Adamantem Capital launched its second fund shortly before COVID-19 began to escalate, but the first close still features sizeable commitments from new investors that were unable to perform due diligence in-person
Private equity investors in China must develop new operational capabilities to deliver returns because they can no longer rely on macroeconomic tailwinds to drive growth, according to McKinsey & Company.
New Zealand PE firm Direct Capital and the government’s Accident Compensation Corporation (ACC) have taken a combined 50% stake in local logistics operator Mondiale for an undisclosed sum.
ByteDance, the PE-backed owner of TikTok and the Toutiao news aggregation service, has acquired VC-backed Chinese medical information platform Baikemy for RMB500 million ($72 million).
Pacific Equity Partners (PEP) has reached a final close on its sixth Australia and New Zealand-focused buyout fund at the hard cap of A$2.5 billion ($1.8 billion).
Indian private equity firm True North closed its sixth fund last year at about $600 million, falling short of a revised target.
KKR expects to complete a first close of $10 billion on its fourth pan-Asian fund at the end of June.
MBK Partners has closed its fifth North Asia-focused fund at the hard cap of $6.5 billion. It is the joint third-largest PE vehicle raised for deployment across the region and MBK has become the seventh manager to cross the $6 billion threshold.
KKR sees its significant exposure to Asia – which accounts for more than 30% of the firm’s overall private equity portfolio – as a source of strength as the region appears to be emerging from the coronavirus pandemic faster than the US and Europe.
Archipelago Capital Partners is seeking $250 million for its second Southeast Asia fund and has received a proposed $25 million LP commitment from the International Finance Corporation (IFC).
The middle-market private equity firm expects COVID-19 to generate more deal flow as founder-owners and corporates come under stress
Risa Partners, a Japanese mid-size investment bank controlled by a subsidiary of NEC Corporation, has launched its fifth corporate solutions fund with a target of JPY15 billion ($139.5 million).
CVC Capital Partners has closed its fifth Asia fund at the hard cap of $4.5 billion. The firm said the step up from $3.5 billion for Fund IV reflects an expansion in its regional investment capabilities.
Expecting to see a surge in deal flow driven by divestments and succession planning situations, The Carlyle Group has bulked up to $2.3 billion for its latest Japan fund
The Carlyle Group has raised JPY258 billion ($2.3 billion) for its fourth Japan buyout fund. The vehicle is more than twice the size of its predecessor, which closed at JPY119.5 billion in 2015.
Singapore impact investor 8F Asset Management has closed its debut fund at $358 million, beating a target of $300 million. It is dedicated to building a global salmon fishing business.
CDH Investments has closed its sixth flagship US dollar-denominated fund with $1.5 billion in commitments. The initial target was $2.5 billion.
Jean Eric Salata has built Baring Private Equity Asia from a one-man-shop into a firm with $20 billion in assets, negotiating financial crises and changing economic realities. He has never been one to stand still
Australia has seen plenty of spinouts in recent years, with outcomes ranging from a $2 billion first-time fund to deal-by-deal strategies. Is local LP support essential in getting wider traction?
Minnesota State Board of Investment (SBI) is looking to commit $150 million to KKR’s fourth pan-Asian fund. This represents a step up from the $100 million it put into the manager’s previous vehicle.
The Blackstone Group expects to return to market in 2020 with its second dedicated Asia private equity fund, less than two years after closing the debut vehicle.
MBK Partners has picked up commitments from New York State Common Retirement Fund (NYSCRF), New York State Teachers’ Retirement System (NYSTRS), and Los Angeles County Employees Retirement Association (LACERA) for its fifth North Asia fund.
Jean Eric Salata, CEO of Baring Private Equity Asia, argues that a $6.5 billion fund is not too large for Asia – he wishes he’d raised more – and explains why size increasingly represents a competitive advantage
Baring Private Equity Asia has closed its seventh fund with commitments of $6.5 billion. It is the fourth-largest pan-Asian private equity vehicle ever raised.