Funds
eBay leads $50m round in India’s Snapdeal - report
Online e-commerce giant eBay has led a Series C round of funding worth a reported $50 million for New Dehi-based online marketplace Snapdeal.
New Mexico State Investment Council commits to Affinity Fund IV
New Mexico State Investment Council (NMSIC) has agreed to invest up to $75 million in Affinity Equity Partners’ fourth pan-Asia fund. The vehicle reached a first close of $1.5 billion in early March and has a hard cap of $3.5 billion.
Three Australian VC firms receive IIF backing
Venture capital funds run by M.H. Carngie & Co, GBS Venture Partners and Innovation Capital will receive A$100 million ($105 million) from the Australian government through the Innovation Investment Fund (IIF) scheme. This capital will be matched dollar-for-dollar...
China's NDRC seeks tighter grip on private equity
China's top planning body, the National Development and Reform Commission (NDRC), has reiterated its call for private equity funds to register with local governments. It is the latest move in an ongoing turf war over the asset class after the Chinese...
Brick eagle to invest $50m in India real estate
Hong Kong-headquartered Brick Eagle Capital Advisory is planning to invest around $50 million in Indian real estate.
Australia VC: New faces
A new generation of VC firms is emerging in Australia, despite little appetite for the asset class from domestic LPs. Success hinges on leveraging Silicon Valley networks and targeting particular market niches
LGT opens Beijing office as part of differentiation drive
LGT Capital Partners has chosen Beijing as the location for its fourth investment office globally as the firm looks to differentiate its exposure to Asia’s largest private equity market in an increasingly competitive fund-of-funds space.
Qianhai funds win approval to raise RMB in Hong Kong - report
Chinese regulators have reportedly given the green light for private equity firms operating in Shenzhen's Qianhai region to raise renminbi offshore to invest in mainland.
KKR sees 5x return on Japan's Intelligence Holdings - Update
KKR will sell Japanese recruitment services provider Intelligence Holdings to Temp Holdings for JPY68 billion ($721 million), including debt. The PE firm's equity exit is worth JPY51 billion ($537 million), putting it on course for a more than 5x money...
Canaan Partners to invest $100m in Indian tech
Silicon Valley venture capital investor Canaan Partners is to invest $100 million in India over the next four years from its $600 million ninth fund.
China distress-focused GP Shoreline raises $303m for Fund II
Shoreline Capital, a China-focused special situations investor, has closed its second fund at $303 million. It comes after distress-focused investors in Asia raised a cumulative $2.4 billion in 2012, the highest level seen in six years.
Qiming, KPCB lead $21.3m Series C investment in Origene
Qiming Venture Partners and KPCB China have led $21.3 million of Series C funding in OriGene Technologies, a biotech company based in the US and China.
Carlyle exits Japan's Broadleaf through IPO
The Carlyle Group has exited its majority stake in Japanese software company Broadleaf though an IPO on the Tokyo Stock Exchange.
New Jersey commits $500m to Blackstone’s debut Asia real estate fund
New Jersey Division of Investment plans to commit $500 million to The Blackstone Group’s debut Asia real estate fund. The vehicle’s existence was confirmed last December when Tony James, Blackstone’s president, told a conference that it was a “golden...
Electric Sheep Capital, DMP invest $3.2m in Singapore's AdzCentral
Electric Sheep Capital and Digital Media Partners have invested s$4 million ($3.2 million) of Series A funding in AdzCentral, an advertising technology company based in Singapore.
Singapore's Golden Gate Ventures eyes Series A fund
Singapore-based Golden Gate Ventures is planning to raise a second fund focusing on Series A investments in Southeast Asian tech companies. A source with knowledge of the matter said the fund would launch within 12 months, targeting around $40 million.
VIDEO: Edward Epstein of Troutman Sanders
Private equity investment in China’s real estate sector will become more specialized as it matures, with healthcare and old age care among the key segments to watch, says Edward Epstein, managing partner of Troutman Sanders’ Shanghai office
High-profile angel investors back Australian start-up Canva
Australian online design start-up Canva has attracted $3 million in seed funding from a group of high-profile angel investors, including Adrian MacKenzie, who left his position as head of CVC Capital Partners’ local operations late last year.
TPG plucks chicken deal
TPG nearly missed out on acquiring Inghams Enterprises. When the Bob Ingham, the 81-year-old owner of Australia's top chicken producer, put the company on the block for A$1.5 billion ($1.5 billion) last July, the private equity firm came in with an offer...
Triple C leads Series A round in Australia's Virtual Gaming Worlds
Australian boutique investment firm Triple C Consulting has led a A$2.5 million ($2.6 million) Series A round of funding for Perth-based gaming start-up Virtual Gaming Worlds.
ACO Investment to bet $700m on Myanmar
New York-based ACO Investment Group, a firm founded by former United Airlines president Rononjoy Dutta and former Credit Suisse banker Hari Achuthan, says it will invest $700 million in Myanmar.
KKR eyes Panasonic healthcare unit - report
KKR is said to be among several investors showing interest as Panasonic looks to offload its healthcare unit.
Siemens sets up RMB venture fund
The venture capital arm of Siemens Financial Services (SFS VC), has set up a dedicated renminbi-denominated investment vehicle. The size of the fund has not been disclosed
AVCJ at 25: Michael Chae of The Blackstone Group
Michael Chae, head of international private equity at The Blackstone Group, arrived in Asia after the global financial crisis and as the pre-IPO fever was about to turn. Changing times require changing strategies