Growth
Tsing Capital targets $300m for China environment fund
Tsing Capital, a Chinese venture capital firm focused on environmental technologies, has launched its fifth flagship fund with a target of $300 million.
CMC closes China media fund at $600m hard cap
CMC Capital Partners, a PE firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), has closed its second US dollar-denominated fund at the hard cap of $600 million. The vehicle is already one-third invested.
Baird Capital raises $310m for global mid-market fund
Baird Capital, the private investment arm of Robert W. Baird & Co, has closed its latest global mid-market fund at $310 million.
IFC set to back Morgan Stanley's $300m Thailand fund
The International Finance Corporation (IFC) is considering an investment of up to $25 million in a Thailand-focused fund launched by Morgan Stanley Private Equity Asia (MSPEA).
Tata targets $600m for second opportunities fund
Tata Capital is looking to raise $600 million for the second Tata Opportunities Fund, a private equity vehicle that invests in Tata group entities as well as other independent Indian businesses.
Government-backed Cool Japan invests in 500 Startups fund
Cool Japan Fund, a government-backed venture program for promoting cultural exports, has agreed to invest up to $10 million in a recently launched Japan-focused vehicle managed by 500 Startups.
Thailand sets up $44m in VC funds
Thailand’s Government Savings Bank and the Stock Exchange of Thailand (SET) have jointly established two venture capital funds worth a combined THB1.5 billion ($44 million).
Lakson Investments becomes Pakistan's first VC firm
Pakistan’s Lakson Investments claims to have been awarded the country’s first venture capital license with the launch of a new fund that will target domestic start-ups.
L Catterton targets $1.25b for third Asia fund
L Catterton Asia – the regional arm of L Capital, which merged with US-based Catterton last year – is looking to raise $1.25 billion for its third fund.
Sequoia discloses China, India fundraising activity
Sequoia Capital has topped up its fourth India fund – having closed the fifth country vehicle early last year – and disclosed that its most recent China growth vehicle closed at $899.5 million.
Big beast: The SoftBank Vision Fund
SoftBank's global technology fund is significant enough to redraw the private equity investment opportunity in certain industries, if not to redraw the industries themselves
SoftBank achieves $93b first close on global tech fund
SoftBank Group Corp. has reached a first close of more than $93 billion on its global technology investment fund. A final close of $100 billion is expected within six months.
China's Ping An to launch $1b global fintech, healthcare fund
China’s Ping An Insurance is launching a $1 billion fund that will make financial technology and healthcare investments globally as the company looks to establish a footprint beyond its home market.
Fund focus: Makara goes global in IP search
Makara Capital has a $716 million fund and a remit to invest in intellectual property-rich assets globally in order to bring greater industrial and technological value to Singapore
Fund focus: ClearVue brings consumer clarity
Having raised $362 million for its second fund, and diversifying its LP base in the process, Chinese GP ClearVue Partners has proved there is appetite for consumer sector specialists that have the right skill sets
Singapore government launches $716m PE fund
The Singapore government and domestic GP Makara Capital have launched a S$1 billion ($716 million) private equity fund that will focus on intellectual property (IP)-driven companies.
Fund focus: DSG wins with early-stage angle
Deepak Shahdadpuri's DSG Partners Asia has secured $40 million for its second fund, which targets early-stage consumer opportunities in India and Southeast Asia
ClearVue raises $362m for China consumer fund
ClearVue Partners has closed its second China consumer-focused fund at $362 million, having received commitments from institutional LPs including several global fast-moving consumer goods companies.
IFC set to re-up as LeapFrog seeks $800m for Fund III
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed an investment of up to $25 million in LeapFrog Investments’ emerging markets-focused third fund, which is targeting as much as $800 million.
HighLight seeks $250m for second China healthcare fund
Chinese healthcare-focused GP HighLight Capital, which was set up by Steven Wang, formerly of CDH Investments, is targeting $250 million for its second US dollar-denominated fund.
India's Kaizen reaches $44m first close on second fund
Indian education-focused GP Kaizen Private Equity has reached a first close of $44 million on its second fund.
Fund focus: Hosen wins support for China food thesis
China agriculture investor Hosen Capital has completed its evolution from a corporate-sponsored GP into an independent player with a $440 million fundraise from institutional and industrial LPs
Fund focus: Apis seeks to make specialization count
Apis is relying on its team's financial services expertise and networks to deliver the goods in South Asia and Africa. LPs have given them $287 million with which to prove the thesis
CMC, Sequoia launch sport fund, back China kickboxing business
CMC Holdings – a unit of media-focused GP CMC Capital Partners – and Sequoia Capital China have formed a sports investment fund and led a Series A round of funding for Wanmingyang Media, which organizes and video streams kickboxing events in China.