Funds
KKR, Allegro target Australia's ailing Geon
KKR and Allegro Funds have placed Australian commercial printing company Geon Group into administration and are looking to buy parts of the business out of receivership. The pair became creditors last year following the acquisition of a portfolio of distressed...
China Resources Capital, APG launch $265m car park fund
China Resources Capital (CR Capital), the financial services arm of state-owned China Resources Group, and Dutch pension fund asset manager APG have established a $265 million car park fund.
ADV seeks $500m for Asia special situations fund
ADV Partners, a PE firm set up by former executives from Mount Kellett Capital, is targeting $500 million for its debut Asia-focused special situations fund. The hard cap is $750 million.
China’s CSRC issues draft regulation on PE supervision
China’s securities regulator has issued draft rules that impose greater oversight on domestic private equity funds. The proposals, and in particular the watchdog role to be played by the Asset Management Association of China (AMAC), represent another...
Helion provides Series A round for India’s Lifecell
Helion Venture Partners has committed INR350 million ($6.5 million) to a Series A round of funding for LifeCell International, India’s first and largest stem cell banking company. The capital will be used to expand LifeCell’s domestic presence and...
Apax makes partial exit from Apollo Hospitals
Apax Partners has exited part of its stake in India' s Apollo Hospital to Oppenheimer Funds for INR5.3 billion ($97 million).
Orix beats PE firms to buy Rabobank's Robeco
Orix has bought the asset management arm of Rabobank, Robeco, for EUR1.9 billion ($2.5 billion). The Japanese financial services firm will acquire a 90.1% stake in the company while Rabobank will retain 9.9%.
AGCA, secondary investors buy CS legacy assets
Three years after Credit Suisse's Asia private equity team spun out, the assets they were tasked with managing have followed suit. Supported by HarbourVest Partners and Axiom Asia, Asia Growth Capital Advisors (AGCA) has acquired a portfolio of eight...
Investors flock to CRC’s debut RMB fund
Renminbi fundraising weakened considerably over the course of 2012. Preliminary AVCJ figures showing that barely 20 vehicles attracted a total of $4.2 billion in the second half of the year, less than one third the amount raised in the previous six months.
Profile: IL&FS' Archana Hingorani
When Dr. Archana Hingorani swapped academia for industry, she ended up at the nascent IL&FS. Twenty years on, she is CEO of the company’s PE unit and recognized as a pioneer in Indian infrastructure
China e-commerce: End of the line
Burning through cash and with no public market exit in site, many of China’s e-commerce players are losing the confidence of their investors. New rounds of funding come at depressed valuations – if they come at all
LGT closes third global secondaries fund at $2b
LGT Capital Partners has reached a final close on its third global secondaries fund, Crown Global Secondaries III (CGS III), at $2 billion.
China vacation homes rental start-up gets Series B funding - Update
Tujia.com, China’s first online vacation homes rental service, has secured a Series B round of financing led by GGV Capital. Lightspeed China Partners, CDH Investments, Qiming Venture Partners, CBC Capital also participated alongside strategic investors...
Carlyle to make partial exit with Broadleaf IPO
The Carlyle Group is set to exit the majority of its stake in Broadleaf following the Japanese company's announcement that it would seek to raise up to JPY23.3 billion ($248.37 million) through an IPO.
Saudi Arabia’s Kingdom Holdings leads $400m round for 360Buy
Chinese online retailer 360Buy has raised $400 million through a Series F round of funding led by Kingdom Holding, an investment company controlled by Prince Alwaleed bin Talal, a Saudi Arabian billionaire.
Virginia pension fund backs Fortress’ Japan distress vehicle
Virginia Retirement System (VRS) has committed to $50 million to Fortress Investment Group’s Japan Opportunity Fund II, a distress-focused vehicle that closed last December at its hard cap of JPY130 billion ($1.65 billion).
Four in five Asian investors plan real estate fund commitments - survey
Four in five Asian-based investors are expected to invest in private real estate funds in 2013 compared to around 48% and 39% of investors based in North America and Europe respectively, according to new report.
SEBI approves first Indian social venture fund
The Incube Connect Fund has become the first social venture fund to be approved under the Securities and Exchange Board of India’s (SEBI) new registration regulations.
Canada’s OMERS targets Australia
Ontario Municipal Employees’ Retirement System (OMERS), one of Canada’s big three pension funds, plans to increase its exposure to Australia through investments in infrastructure and natural resources.
Macquarie, SBI to buy majority stake in GMR Jadcherla Expressways
Macquarie SBI Infrastructure Fund (MSIF) has agreed to buy a 74% stake in GMR Jadcherla Expressways from Bangalore-based infrastructure major GMR Group.
Bessemer backs Indian IT services provider Anunta
Bessemer Venture Partners (BVP) has invested in Anunta Technology Management Services, a cloud-based IT services company, as part of Series A investment round. Financial details of the deal were not disclosed.
Reserve Bank of Australia sells subsidiary to PE-backed Innovia
The Reserve Bank of Australia (RBA) is to sell its 50% stake in Securency International, a company which produces polymer-based print material for banknotes, to Innovia Films, a UK packaging manufacturer backed by Arle Capital Partners. Innovia already...
Deutsche Bank raises $614m for global secondaries fund
Deutsche Bank has reached a final close of $614 million on its second global secondaries fund. The vehicle exceeded its target of $500 million, with commitments coming from insurance companies, public and corporate pension plans and family offices.
Australia’s Hastings adds to North America team
Australian infrastructure investor Hastings Funds Management has appointed Irene Mavroyannis as executive director with responsibility for business development in the US and Canada. She will join the existing investment team in New York.