Buyout
KKR receives $225m from Oregon Investment Council
KKR has won a $225 million commitment from the Oregon Investment Council for its second Asia buyout fund. The buyout firm is currently raising around $6 billion for its KKR Asian Fund II, which will invest across the region.
Bain to target $6b for global fund
Bain Capital has set a target of $6 billion for its new global buyout vehicle, for which it plans to offer three fee options in a bid to attract a more diverse range of LPs.
Carlyle to raise $3.5b for fourth Asia buyout fund
Carlyle Group plans to raise $3.5 billion for its fourth buyout fund in Asia, which would be the private equity firm’s biggest targeting Asia. An initial close is expected to happen in the second half of the year.
Capital International closes emerging markets fund at $3b
Capital International has closed it sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
Maui Capital appeals to the masses
Between now and the end of May, around 900 New Zealand investors are expected to sign up as LPs in Maui Capital’s new fund. With commitments ranging from NZ$100,000 ($81,000) to NZ$20 million, they are only expected to account for around two thirds of...
TPG approaches first close of $1.5b on Asia fund
TPG is nearing a first close of its latest Asian buyout fund on $1.5 billion, bringing the private equity giant one step closer to its goal of raising at least $4 billion for the region.
Silver Lake to reduce fees for fund IV
Tech-focused private equity firm Silver Lake is planning to cut the fees it will charge big-ticket LPs as it attempts to raise as much as $10 billion for its next buyout vehicle.
Advantage Partners may extend investment deadline
Advantage Partners may extend the June deadline for investment from its $2.6 billion buyout fund due to limited dealflow. The buyout firm will make a decision by the end of April.
MyFarm launches listed dairy fund
New Zealand dairy farm investor MyFarm Asset Management has launched a specialist investment fund which aims to raise NZ$75 million ($62 million), partly through an IPO on alternative securities exchange Unlisted.
Asia, Middle East LPs put up 30% of BC Partners' buyout fund
Asian and Middle East investors contributed 30% of the capital for BC Partners’ latest European fund, which has closed at EUR6.5 billion ($8.6 billion) after 18 months in the market. LPs from these regions only accounted for 10% of the private equity...
Washington State commits $400m to KKR's Asian fund
Washington State Investment Board has committed $400 million to KKR’s second Asia fund, which is seeking to raise up to $6 billion. The investment was disclosed alongside those made to Oaktree Capital Management’s newest distressed debt fund and Cinven...
Billabong suspends trading amid reports of TPG bid
Australian surf-wear manufacturer Billabong International has suspended trading amid reports that TPG Capital has tabled a buyout offer for the company. The move comes as Billabong looks for ways to manage a A$600 million debt pile, with net profit expected...
CVC-backed Nine in talks to sell magazine business – reports
CVC Capital Partners-owned Nine Entertainment has held talks with Seven West Media over the potential sale of its ACP magazines division. The funds raised would help pay down some of the beleaguered company’s A$2.7 billion ($2.8 billion) in senior debt...
Carlyle completes another China Pacific Insurance sell-down
The Carlyle Group has completed another sell-down of China Pacific Insurance Group, offloading 18 million shares and reducing its stake in the company to 4.94% from 5.15%. The private equity has now generated nearly $3.7 billion through four sales since...
Carlyle promotes three Asia professionals to MD level
The Carlyle Group has named 13 new managing directors, including Hiroyuki Otsuka in Tokyo, Matthew Hunter in Sydney and Wayne Bannon in Hong Kong, as part of a raft of promotions that saw 41 professionals elevated to senior positions.
Nine Entertainment's creditors draw up plan to push out CVC
Creditors of Australia’s Nine Entertainment have put together a proposal to convert their debt to equity which would wipe out the majority of current owner CVC Capital Partners’ interest in the firm. Hedge funds Oaktree Capital and Apollo Global Management...
TPG may support struggling Olympus
TPG Capital is considering an investment in Japan’s Olympus Corp, which would help the beleaguered camera manufacturer make inroads into its losses.
INCJ expects more overseas deals in 2012
Innovation Network Corp of Japan (INCJ) has said that it plans to invest more in overseas acquisitions by Japanese companies this year.
Temasek launches $1.9b China fund
Singaporean sovereign wealth fund Temasek has launched Pavilion Capital, an investment vehicle that will channel up to S$2.5 billion ($1.9 billion) into deals in north Asia.
Archer Capital closes fifth fund at $1.5b
Australia’s Archer Capital has closed its fifth fund at A$1.5 billion ($1.52 billion), having spent less than four months in the market. The vehicle, which counts domestic and international institutions among its investors, was significantly oversubscribed....
Pencarrow fund holds first close on $59m
New Zealand-based Pencarrow Private Equity has held a first close of its fourth private equity fund on NZ$77 million ($59 million).
Private Equity Professional of the Year – Peter Wiggs
“It's been quite a year,” Peter Wiggs reflected as he collected the prize for Private Equity Professional of the Year at the 2011 Asian Private Equity & Venture Capital Awards.
Chinese investors ask Terra Firma to create sovereign fund pool
Terra Firma Capital Partners has been approached by several large investors from China and the Middle East to set up a sovereign fund pool.
From buyouts to asset managers
Emerging Asia is a key consideration as the global buyout firms diversify their product offerings to meet the needs of a changing market