Growth
Cathay reaches $700m first close on Sino-European fund
Cathay Capital Private Equity has reached a first close of EUR600 million ($702 million) for its latest middle-market Sino-European fund. The target is EUR1.2 billion.
Meituan-Dianping GP closes consumer fund at $300m
Longzhu Capital, a venture capital firm established by Chinese online-to-offline (O2O) services platform Meituan-Dianping, has closed its debut fund at RMB2 billion ($300 million).
Creador set for $430m first close on Southeast Asia, India fund
Creador has scheduled a first close of $430 million on its fourth Southeast Asia and India-focused fund and set the hard cap at $550 million.
Temasek to invest $50m in TPG's Asia healthcare platform
Asia Healthcare Holdings (AHH), a healthcare-focused operating and investment platform managed by TPG Growth, has raised $50 million from Singapore’s Temasek Holdings.
VIDEO: Morrison & Foerster's Serena Tan
Serena Tan, a partner at Morrison & Foerster, discusses trends in private equity fundraising in China
China Renaissance targets $800m in Hong Kong offering
China Renaissance Holdings has filed for an IPO in Hong Kong that will support the expansion of its investment banking, investment management, and wealth management businesses. AVCJ understands the firm is planning to raise $800 million at a valuation...
Delta Capital closes Myanmar fund at $70m
Delta Capital Myanmar, formerly known as PMM Partners, has achieved a final close of about $70 million for its second private equity fund. The GP was targeting $100 million.
Apis targets $400m for emerging markets growth fund
Apis Partners is targeting $400 million for its second middle-market growth fund focused on financial services and technology investments in emerging markets, with a $500 million hard cap.
Primavera reaches $1.5b first close on China fund
Primavera Capital Group has completed a first close of approximately $1.5 billion on its third China fund. The overall target is $2.8 billion.
Vietnam GPs: Five's company
Vietnam’s incumbent domestic private equity firms have all been in operation for more than a decade. Do LPs have enough confidence in the market to support the launch of additional managers?
GLP establishes $1.6 billion China logistics fund
GLP, a private equity-owned warehouse operator based in Singapore, has launched a RMB10 billion ($1.6 billion) PE fund that will invest in the China logistics ecosystem. It is the second Chinese fund set up by the company this year.
Fund focus: Dymon scales up for Fund II
Having raised $450 million for its second fund, Dymon Asia Private Equity will continue targeting middle-market companies in Southeast Asia that are looking for expertise as well as capital
Nepal's Dolma set to close $37m top-up fund
Nepal-focused private equity investor Dolma Impact Fund has received $37 million in commitments for a top-up vehicle that will pursue additional investments by its debut fund.
Singapore's Dymon closes Fund II at $450m
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.
New Zealand's Pencarrow closes Fund V at $176m
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.
Valuation standards: Counting their blessings
Asian GPs’ portfolio valuation practices remain largely opaque, despite the value of standard frameworks. LP demand will be key to moving the industry in a more transparent direction
Sequoia seeks up to $3.1b for China, India
Sequoia Capital plans to raise up to $3.1 billion for deployment in China and India across seed, venture and growth strategies.
Fund focus: SeaLink’s patience pays off
Four years after its founders left their previous jobs with KKR in India, SeaLink Capital Partners has closed its debut fund. Now the GP is on the look-out for opportunities in the middle market
Impact investment: A new breed
Global GPs have the potential to draw fresh sources of capital to Asia's impact investment funds
SeaLink closes debut India fund at $315 million
Indian middle-market PE firm SeaLink Capital Partners has closed its first fund at $315 million, beating its $250 million target.
Partners Group launches impact investment strategy
Partners Group has launched a dedicated impact investment strategy designed to achieve attractive risk-adjusted financial returns alongside measurable, positive social and environmental impact.
India’s Lighthouse reaches $150m first close on Fund III
Lighthouse Funds has reached a first close of $150 million on its third India-focused growth capital fund.
Impact agenda: Attracting institutional capital
Global PE firms are launching impact funds tailored to appeal to institutional investors that have so far largely ignored the space. There will be growing pains, but the benefits should be wide-ranging
China's CIC sets up $184m cross-border tech fund with Ireland
China Investment Corporation (CIC) has teamed up with state-controlled Ireland Strategic Investment Fund (ISIF) to launch a EUR150 million ($184 million) cross-border technology fund.
