Growth
Proterra raises $200m for Asia food fund
Proterra Investment Partners has reached a final close on a Singapore-domiciled fund that will make food-related investments across Asia with more than USD 200m in commitments.
Heliconia, Yanzijiang Financial launch SE Asia SME fund
Temasek Holdings-owned Heliconia Capital Management has teamed up with Singapore-listed Yanzijiang Financial Holding to launch a fund that will invest in small and medium-sized enterprises (SMEs) in Southeast Asia.
India's Multiples targets up to $1b for Fund IV
Multiples Alternate Asset Management is looking to raise up to USD 1bn for its fourth India-focused fund, with the International Finance Corporation (IFC) proposing a USD 60m commitment.
One size does not fit all in Asia value creation – AVCJ Forum
Replacing portfolio company CEOs is not part of buyout firms’ value creation playbook in emerging markets, the AVCJ Private Equity & Venture Forum heard.
China's Sinovation reaches $250m mark on fifth VC fund
China-focused Sinovation Ventures reached a USD 200m first close on its fifth flagship US dollar-denominated fund in April and is currently around the USD 250m mark against a target of USD 500m.
Quona closes third financial inclusion fund on $332m
Quona Capital, which invests under a financial inclusion strategy across emerging markets, has closed its third fund on USD 332m, beating a target of USD 250m.
India's Jashvik Capital reaches first close on debut PE fund
India’s Jashvik Capital, a private equity firm set up by Naresh Patawari, formerly a partner at TA Associates, has achieved a first close of undisclosed size on its debut fund. The target is USD 350m.
China fundraising: Onshore vs offshore
Raising capital for China strategies is difficult right now, regardless of currency, but are geopolitical forces enabling the rise of renminbi-denominated funds at the expense of the US dollar?
AVCJ Awards 2022 - voting has closed
Voting for the 2022 AVCJ Private Equity & Venture Capital Awards has now closed. Many thanks for your participation.
Dymon Asia closes Fund III at $650m hard cap
Dymon Asia Private Equity (DAPE) has closed its third Southeast Asia middle market private equity fund at a hard cap of USD 650m, beating a target of USD 550m.
FidelisWorld seeks up to $300m for second Asia fund
FidelisWorld, a private equity firm that invests in digitally-enabled businesses driven by consumer demand in India, is looking to raise USD 250m-USD 300m for its second fund.
India's Motilal Oswal closes latest fund at $552m
The private equity arm of India’s Motilal Oswal Financial Services has closed its fourth flagship growth fund with INR 45bn (USD 552m) in commitments.
C Ventures rebrands, hits first close on new fund
C Ventures, a VC firm set up by Adrian Cheng, scion of Hong Kong’s New World Development, has rebranded as C Capital – reflecting steps to diversify into a multi-strategy asset manager – and reached a first close on its latest fund.
China's HighLight hits first close on life sciences fund, targets $650m
HighLight Capital, a China-based life sciences investor, has completed a first close of USD 540m on its fourth US dollar-denominated fund. The overall target is USD 650m.
ADB makes LP commitment to KV Asia's second fund
Asian Development Bank (ADB) has confirmed an investment of USD 15m in the second Southeast Asia lower middle market private equity fund from KV Asia Capital.
Japan middle market: Crowded field
The expansion of Japan’s middle-market private equity scene has not kept pace with the rise in global investor interest. Spiking competition is inducing GP formation, but impediments are myriad
AIGF closes second ASEAN fund on $127m
AIGF Advisors, a private equity firm sponsored by Japan’s Mitsubishi Corporation, has closed its second ASEAN-focused fund with JPY 17.3bn (USD 127m) in commitments.
LPs worried by rising fund sizes in Southeast Asia - AVCJ Forum
LPs are encouraged by Southeast Asia’s fast-developing private equity ecosystem, but they are concerned that increases in fund sizes are outstripping that of the addressable market, the AVCJ Southeast Asia Forum heard.
KKR seeks up to $1.5b for Asia tech fund
KKR has launched its debut Asia-focused technology growth fund, two-and-a-half years after first indicating it would add this strategy in the region.
Sequoia raises $8.8b for China funds
Sequoia Capital has hit the hard cap on each of the four funds in its latest China vintage, accumulating USD 8.8bn for deployment in seed through late-growth rounds.
Australia’s Potentia closes Fund II on $438m
Australian technology-focused private equity firm Potentia Capital has achieved a first and final close of AUD 635m (USD 438m) on its second fund, hitting the hard cap and beating a target of AUD 500m.
DCP hits $2.5b first close on second China fund
DCP Capital has already completed five investments from its second China fund, having completed a first close of USD 2.5bn in January.
Cathay achieves $241m first close on renminbi fund
Cathay Capital Private Equity has reached a first close of CNY 1.6bn (USD 241m) on its second renminbi-denominated growth fund.
Fullerton reaches $100m first close on Thai PE fund
Singapore’s Fullerton Fund Management has hit a first close of USD 100m on its first Thai private equity strategy in partnership with KBank Private Banking, a division of local lender Kasikorn Bank.
