Growth
Pioneer hits $180m hard cap on third New Zealand fund
New Zealand’s Pioneer Capital has hit the hard cap of NZ$260 million ($180 million) on its third growth fund, beating the target of NZ$210 million. It follows the first investment from the new vehicle in Havelock North Fruit.
IFC proposes $25m investment in Carlyle Asia fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $25 million to The Carlyle Group’s latest Asia growth fund, which has a target of $1 billion.
Apis closes South Asia, Africa fintech fund at $287m
Emerging market financial technology investor Apis Partners has closed its debut fund at $287 million. It has already deployed about $130 million across five deals in South Asia and Africa.
Dual currency fundraising: Servant of two masters
A resurgence in renminbi fundraising has prompted GPs best known for US dollar funds to enter the local currency market. Addressing conflicts of interest in an increasingly complex industry will prove difficult
Hosen closes $440m China food and agri fund
China-focused food and agriculture specialist Hosen Capital has closed its third private equity fund at $440 million after eight months in the market. The target was $400 million.
Fund focus: ChrysCapital banks on reputation with Fund VII
Having fully realized its first four funds and returned more than 100% of the fifth, ChrysCapital had a strong exits story to tell in raising $600 million for Fund VII
ChrysCapital raises $600m for seventh India fund
ChrysCapital has closed its seventh India fund with more than $600 million, beating its target.
CDC, Manipal launch $80m emerging markets healthcare fund
UK-based development finance institution (DFI) CDC Group has partnered with India’s Manipal Education & Medical Group for an $80 million fund targeting healthcare investments in emerging markets.
New Zealand's Direct Capital closes Fund V at $270m
New Zealand-based private equity investor Direct Capital has closed its fifth buyout and growth fund at NZ$375 million ($270 million).
Renminbi fundraising: Policy power
The launch of several huge government-backed funds has skewed renminbi-denominated fundraising in China. What does their arrival mean for valuations and for the nascent independent LP community?
HK’s Delphinium in $16m first close on female-focused fund
Delphinium Capital Partners, a Hong Kong-based GP formed by Harmony Asset Management executive Vivian Yan, has reached a first close of $16 million on its debut fund, which focuses on Asian female-led companies.
China Everbright reaches second close on global fund
China Everbright has reached a second close of $294 million on its cross-border investment fund.
LP interview: The Dietrich Foundation
The Dietrich Foundation has an unusually large allocation to PE and VC, and to China venture capital in particular. CIO Edward J. Grefenstette discusses the considerations that underpin this exposure
India's IVFA rebrands as True North
India Value Fund Advisors (IVFA) has changed its name to True North (Managers) and formalized its sector specialist strategy.
Fund focus: INSEAD alumni pay it forward
INSEADAlum Ventures, a seed-stage investor focused exclusively on INSEAD alumni, has raised its debut fund from a group of graduates keen to give back to the school where they got their start
India's OIJIF reaches $220m first close on second fund
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the State General Reserve Fund of Oman (SGRF) and the State Bank of India (SBI), has reached a first close of $220 million on its latest fund.
Profile: SMC Capital's Hamilton Tang
Hamilton Tang learned about Chinese business the hard way, setting up a cinema joint venture in the 1990s. Now he offers funding and expertise to domestic entrepreneurs as managing partner of SMC Capital
India's MCap cancels plans for a second fund
MCap Fund Managers, the Indian GP that spun-out from Baring Private Equity Partners India in 2010 and closed a $60 million fund the following year, will not raise a second vehicle.
CDH closes China mid-market fund at $800m hard cap
CDH Investments has closed its China mid-market fund at the hard cap of $800 million, beating the target of $600 million. The vehicle will allow the GP to pursue opportunities that fall below the minimum check size for its flagship private equity fund.
Primavera closes second China fund at $1.9b
Primavera Capital Group has reached a final close on its second US dollar-denominated China-focused fund at $1.93 billion, exceeding the target of $1.5 billion.
New Zealand's Oriens Capital to close latest fund above $35m
New Zealand-based Oriens Capital has secured around NZ$50 million ($35 million) in commitments for its latest private equity vehicle and expects to surpass this mark upon final close at the end of the month.
Warburg Pincus closes China fund at $2b hard cap
Warburg Pincus has closed its dedicated China fund – which will invest alongside the firm’s $13.4 billion global flagship vehicle in China deals – at the hard cap of $2 billion after about six months in the market.
India's Amicus reaches $90m first close on debut fund
Amicus Capital Partners, an India-focused PE firm founded last year by former executives from the Carlyle Group and India Value Fund Advisors (IVFA), has reached a first close of $90 million on its debut fund.
India fundraising: Bifurcation point
Only a handful of India-focused private equity firms have shown they are able to raise funds $500 million or more. With LPs still wavering on India, however, membership of this select group is not guaranteed