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 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.
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 Partners has closed its Asia-focused middle market private equity fund on target with $800 million in commitments.
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.
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-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.
Pennsylvania State Employees’ Retirement System (PennSERS) has agreed to commit up to $75 million to Hahn & Company’s third Korea-focused fund.
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.
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.
PAG Asia Capital is looking to raise $4.5 billion for its third pan-regional fund, reflecting the trend among Asia’s top-tier managers to push for ever larger pools of capital.
Traditional buyouts slip into the shade, allowing education and technology to shine; China IPOs and secondary buyouts stay strong in a weak exit market; fundraising suffers an early-year blip
Corporate carve-out specialist Japan Industrial Partners (JIP) has closed the offshore portion of its latest fund and is poised to raise JPY102.3 billion ($996 million) in total once commitments from onshore investors are finalized. There will also be...
David Li, the former head of China at Warburg Pincus, has established his own private equity firm – known as Centurium Capital – and is seeking to raise $1 billion for a debut China fund.
Daniel D'Aniello, co-founder and chairman emeritus of The Carlyle Group, discusses the evolution of private equity
Taiwan-based textiles manufacturer Ruentex Industries has committed $100 million to the third US dollar-denominated fund launched by Hopu Investments, the China-focused GP led by former Goldman Sachs banker Fang Fenglei.
Permanent and long-term capital structures are an attractive proposition for a wide range of players in Asia’s PE market, but bringing them from theory into practice presents numerous challenges
A boom in take-private transactions could indicate that the buyout market in Asia has reached a peak
Emerging markets private capital fundraising – led by emerging Asia – reached its highest point since the before the global financial crisis in 2017, according to EMPEA, with capital dispersed more evenly across different strategies than ever before.
Two former principals with Bain Capital Private Equity in Japan have established their own country-focused firm – Nippon Investment Corporation (NIC) – and are seeking to raise a $500 million fund.
Tim Sims, co-founder and managing director of Pacific Equity Partners, discusses competition in Australian private equity, approaches to co-investment, succession planning, and his firm’s secured assets fund
Private equity is taking a bigger piece of New Zealand’s small economic pie. Investors must act opportunistically to exploit substantial potential in an inconspicuous but engaging middle market
Chinese online retailer JD.com has formed an M&A fund with Hong Kong-listed clothing producer and retailer Cosmo Lady. The target size is RMB1 billion ($159 million).
Hopu Investments, the China-focused private equity firm led by former Goldman Sachs banker Fang Fenglei, has reached a first close of $2 billion on its third US dollar-denominated fund.