Funds
Bain to target $6b for global fund
Bain Capital has set a target of $6 billion for its new global buyout vehicle, for which it plans to offer three fee options in a bid to attract a more diverse range of LPs.
China property firms turn to PE as lender of last resort
Tightening policies imposed on Chinese real estate developers in recent years have accelerated the appetite for alternative financing channels. It represents a massive opportunity for private equity
Apollo, ICICI Venture near $350m first close on distressed fund
Apollo Global Management and ICICI Venture are close to raising $350 million to invest in Indian distressed assets. The size of vehicle is expected to reach $750 million eventually.
Malaysia launches MyCreative Venture Capital
The Malaysian government will launch a MYR200 million ($63 million) fund to support businesses operating in the country’s creative content sector.
Lazard-backed Hastie Group enters administration
Hastie Group, the Australian engineering company backed by Lazard, has entered into voluntary administration after recapitalization talks failed. It comes after recapitalization talks failed due to “accounting irregularities” led to a profits charge of...
China Life injects $315m into CITIC PE's RMB fund
China Life Insurance has injected RMB2 billion ($315 million) into CITIC Private Equity's renminbi-denominated fund. It comes after the insurance giant invested RMB1.5 billion in Hony Capital's most recent vehicle, a source close to the fundraising activity...
Franklin Templeton raises $319m global real estate fund
Franklin Templeton has closed its latest real estate fund at $319.2 million, exceeding the initial target of $300 million.
Nanostart acquires 10% stake in Stella Specialty Chemicals
Nanostart Asia Pacific has acquired a 10% stake in Singapore-based Stella Specialty Chemicals and plans to increase its holding to around 23% by the beginning of next year. The investment was made through the Nanostart Singapore Early Stage Venture Fund...
Ambit Pragma pases halfway point in fundraising for second vehicle
Indian venture capital firm Ambit Pragma has raised $77 million for its second fund. Ambit Pragma Fund II has a final target of $150 million and is expected to close by March 2013.
Foreign RMB funds at a crossroads
Apparent confirmation that foreign-invested renminbi funds can’t qualify for local treatment has left the leading overseas private equity firms in a quandary. Life has become harder, but all is not lost
Bridging the gap: China fund T&Cs
Differences between the Chinese and US private equity markets are reflected in fund terms and conditions. LPs that back managers operating US dollar and renminbi funds should look carefully at the small print
Globis leads $3.6m Series A round for quiz developer
Globis, the Japanese venture capital firm, has led a GBP2.3 million ($3.6 million) Series A round of funding for Quipper, a UK quiz applications manufacturer. Benesse, a Japanese education and publishing company, and Atomico, the VC firm led by Skype...
Accel, Tiger-backed Freshdesk sets up $10m future fund
Indian technology product start-up Freshdesk, which is backed by international funds Tiger Global Management and Accel Partners, has announced phase one of its $10 million Freshdesk Future Fund, which will provide cloud-based support solutions to new...
CIPEF closes emerging markets fund at $3b
Capital International has closed its sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
Indian infrastructure funds face rocky road ahead
Private equity has been one of the engines for India’s infrastructure growth, but delays in project approvals, inexperienced GPs and the tough fundraising environment remain hurdles to overcome
Carlyle to raise $3.5b for fourth Asia buyout fund
Carlyle Group plans to raise $3.5 billion for its fourth buyout fund in Asia, which would be the private equity firm’s biggest targeting Asia. An initial close is expected to happen in the second half of the year.
Sentient closes fourth fund at $1.3b
The Sentient Group, a private equity firm that focuses on the global metals, minerals and energy sectors, has closed its fourth fund on $1.3 billion.
Capital International closes emerging markets fund at $3b
Capital International has closed it sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
LIC holds a first close of real estate fund at $47m
LIC Housing Finance, the mortgage unit of India's biggest insurer, has reached a first close of its maiden real estate private equity fund at INR2.5 billion ($46.5 million).
GSR, Oak lead $30m Series B round for SunSun Lighting
China-based LED manufacturer SunSun Lighting has raised $30 million in Series B financing from GSR Ventures and Oak Investment Partners in addition to commitments from its original angel investors. The investment comes nearly a year after SunSun secured...
ChrysCapital closes sixth fund at $510m
ChrysCapital has announced a final close of its sixth fund at the hard cap of $510 million.
SingTel's Amobee buys VC-backed ad startup
Singapore Telecommunications, Southeast Asia's largest telecoms company, has acquired AdJitsu, a VC-backed Silicon Valley startup in the mobile advertising sector. This is SingTel's second acquisition in two months.
JAFCO backs US-based pharma company in Series A funding
JAFCO has invested $10 million in the Series A financing of Eleven Biotherapeutics, a US-based biopharmaceutical company designing and engineering novel and differentiated protein-based biotherapeutics.
ChrysCapital closes fund VI at $510m
In keeping with its conservative approach, ChrysCapital opts for a smaller fund than the last cycle and plans to outsmart the competition by targeting smaller deals