Buyout
KV Asia hits $100m first close on Fund II
KV Asia Capital has reached a first close of $100 million for its second Southeast Asia private equity fund. The vehicle, which focuses on the lower middle market, has a target of $300 million.
Blackstone in $3.1b first close on second Asia PE fund
The Blackstone Group has reached a first close of $3.1 billion on its second dedicated Asia private equity fund, which is already larger than Fund I.
Bain closes Japan fund at $1b
Bain Capital has closed its first dedicated Japan private equity fund with JPY110 billion ($1.01 billion) in commitments.
CPE hits $1.8b first close on China fund
CPE has reached a first close of $1.8 billion on its fourth US dollar-denominated fund following a six-month period punctuated by three new investments and four portfolio company IPOs.
KKR reaches $15b final close on fourth Asian fund
KKR has closed its fourth pan-Asian fund at $15 billion – the largest US dollar-denominated private equity vehicle ever raised for the region and the largest raised by KKR globally by number of LPs.
Baring targets $8.5b for eighth pan-Asia fund
Baring Private Equity Asia is back in the market seeking $8.5 billion for its eighth pan-regional fund, less than 15 months after closing Fund VII at $6.5 billion.
Ant Capital seeks $461m for sixth Japan fund
Ant Capital Partners has set a hard cap of JPY50 billion ($461 million) for its sixth Japan buyout fund, with a first close on as much as half that total provisionally scheduled for the end of April.
Q&A: Everstone Group's Sameer Sain
Sameer Sain, co-founder and CEO of Singapore-based and India-focused Everstone Group, explains why he’s doubling down on ESG and on a hands-on buyout strategy that prioritizes bargain hunting
Buyout funds: Growth paradigm
Most traditional large-cap buyout funds have become hybrids in Asia, taking minority stakes in businesses to generate deal flow in certain markets and to harness regional growth trends
New Frontier Japan targets $94m for second fund
New Frontier Japan Investment (NFJI), a lower middle-market Japanese private equity firm, is looking to raise JPY10 billion ($94.4 million) for its second fund.
Fund focus: LPs endorse Ocean Link's China tourism, tech thesis
Ocean Link has raised $580 million for a second fund targeting China travel, tourism and consumer technology assets, but the firm believes co-investment could take aggregate deployment to $1.4 billion
NZ Super to back Pioneer's fourth fund
Auckland-based private equity firm Pioneer Capital has received a cornerstone commitment of NZ$100 million ($72 million) for its fourth fund from New Zealand Superannuation Fund (NZ Super).
AVCJ Awards 2020: Firm of the Year - Mid Cap: Advantage Partners
Richard Folsom, representative partner of Advantage Partners, looks back on a year dominated by succession planning, fundraising, and new investment opportunities
Fund focus: Japan's T Capital closes Fund VI at hard cap
Having completed its spin-out from Tokio Marine, T Capital Partners tapped overseas LPs for the first time for its sixth fund. They account for 40% of the JPY81 billion ($773 million) corpus
AVCJ Awards 2020: Fundraising of the Year - Large Cap: The Carlyle Group
With twice as much dry powder as in its previous Japan vintage, The Carlyle group expects mega-deals and private equity participation to increase
Tower Capital hits first close on Southeast Asia fund
Tower Capital, a Singapore-based GP that previously operated on a deal-by-deal basis, has achieved a first close of approximately $250 million on its first Southeast Asia-focused private equity fund.
China's Firstred targets $500m US dollar fund
Firstred Capital, a Chinese private equity firm established by M&A veteran Xiaodan Liu, is looking to raise approximately $500 million for its debut US dollar-denominated fund.
Silver Lake raises $20b for global tech fund
Silver Lake has closed its sixth global buyout fund at the hard cap of $20 billion as the US tech investor exhibits a growing appetite for mega-deals in Asia. Its prior vintage raised $15 billion in 2017.
Fund focus: Asian LPs amplify Mekong’s ambitions
Travel restrictions forced Mekong Capital to look closer to home when raising its latest fund, but the manager was already building out a more Asia-centric LP base
Quadrant secures $938m for flagship Australia fund
Quadrant Private Equity has completed another rapid fundraise, taking just five weeks to achieve a final close of A$1.24 billion ($938 million) on its latest Australia and New Zealand mid-market vehicle.
IMM raises $1.8b for fourth Korea fund
IMM Private Equity will complete fundraising for its fourth Korea-focused vehicle at the end of this month, with KRW2 trillion ($1.8 billion) in commitments. It caps a year in which the firm expects to close two new investments and agree exits on three...
Fund focus: Integral scales up again
Riding on a wave of IPOs that have returned the principal on Fund II and given Fund III a strong start, Integral Corporation has secured $1.18 billion in commitments for its fourth Japan fund
Japan's Integral completes $1.2b fundraise
Integral Corporation has become the second independent Japanese private equity manager since the global financial crisis to surpass $1 billion in fund size, closing its fourth mid-market buyout vehicle at the hard cap of JPY123.8 billion ($1.18 billion).
LPs back Adamantem's emissions reduction drive
Australia’s Clean Energy Finance Corporation (CEFC) has made its first commitment to a private equity fund, coming in as an anchor investor in Adamantem Capital’s second buyout vehicle.
