Buyout

NZ Direct Capital closes Fund IV

New Zealand private equity and venture capital investor Direct Capital has announced the close of its Direct Capital IV fund at NZ$325 million ($250 million), well above the fund's NZ$250 million ($175 million) target.

Bocom launching $500 million offshore fund

Leading Chinese lender Bank of Communications (Bocom) is reportedly rolling out a USD-denominated China-focused offshore private equity fund through its Bocom International Asset Management arm, targeting $250-500 million.

Affinity not raising new fund

Notwithstanding earlier incorrect media reports, leading independent regional buyout firm Affinity Equity Partners has no plans to start raising a new fund this year.

TPG hires Kapur for India consumers

TPG Capital has announced the hire of Gunender Kapur, previously President and CEO of the foods division of Reliance Retail, as a senior advisor on the Indian retail and consumer space.

Jonathan Zhu of Bain Capital

Jonathan Zhu, Managing Director at Bain Capital Asia, speaks about the firm's position on control and minority stakes, Bain Capital's market entry strategy, and the firm's plans for investing in 2010.

New Horizon rumored at $1 billion

Co-founded by the Chinese Prime Minister’s son, Wen Yunsong, PRC-focused private equity fund New Horizon Capital is fundraising for its third fund, originally targeting $500 million but now rumored to be looking at hitting the $1 billion mark.

First Eastern launching Dubai fund

Victor Chu’s First Eastern Investment Group is planning a $250 million private equity fund to focus on investments in Dubai, aiming to assist local businesses starved of capital since the Gulf economy’s sudden collapse.

Istithmar’s Jackson resigns

David Jackson, hitherto CEO of Dubai World investment division Istithmar World, has stepped down, with Istithmar CIO Andy Watson taking his place.

  • MENA
Aditya Birla makes $248m first fund close

Mumbai-based Aditya Birla Private Equity, a subsidiary of Indian multinational conglomerate Aditya Birla Group, has raised INR6.75 billion ($148 million) for the first close of its debut fund from domestic LPs, as well as $100 million from its parent...

Carlyle to get Buy The Way?

The Carlyle Group has emerged as one of the potential bidders in the final round of the auction of Buy The Way, a South Korean convenience store chain owned by Asia-focused private equity fund Unitas Capital.

Ant seeks foreign LPS

Japanese private equity firm Ant Capital Partners is aiming to raise ￥20 billion ($219 million) for its new buyout fund Catalyzer series No.4, from overseas as well as local LPs.

Lunar Capital triples up

Shanghai-headquartered private equity firm Lunar Capital Management has raised $150 million for its third fund, Lunar Capital Partners III, after fundraising started last autumn.

CDH fund oversubscription reports denied

Leading PRC alternative assets fund manager CDH Investments, according to media reports, was said to be collecting up to $1.6 billion for its CDH China Fund IV, well above the putative c.$1.4 billion target.

Providence, SCPEL, shortlisted for MSM

US TMT-focused buyout firm Providence Equity Partners and Standard Chartered Private Equity, the investment arm of the UK’s Standard Chartered Bank, are reportedly shortlisted to acquire a 40-45% stake in Multi Screen Media Pvt Ltd (MSM), a Mumbai-based...