Funds
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
Starfish Ventures invests $2m in gaming start-up Scalify
Starfish Ventures has invested $2 million into Melbourne-based gaming start-up Scalify for an undisclosed stake. The capital will primarily be used for sales and marketing.
Foreign RMB funds to be classified as overseas entities
China’s National Development and Reform Commission (NDRC) has decreed that all the capital in renminbi-denominated funds raised by foreign PE firms must come from local investors if they are to be considered domestic entities. Failure to comply means...
China VC investment lowest in five years – VentureSource
Venture capital investment in China fell to its lowest level in more than five years in the first quarter of 2012, according to Dow Jones VentureSource. A total of 45 deals were completed, raising $745 million, down 39% by volume and 56% by value on the...
CITIC Capital hires Robert Lie for real estate group
CITIC Capital has appointed Robert Lie as managing director of its Hong Kong-based real estate group. He joins from Redevco Asia and will bring colleagues Jan Willem De Hek, Dennis Fung and Chenxia Yu with him.
Intel Capital's Kuppam adds Taiwan, Korea to his Asia portfolio
Intel Capital’s Asia Pacific Managing Director Sudheer Kuppam will assume responsibility for investment activity in Taiwan and Korea, adding to his existing coverage of India, Japan and Southeast Asia. Based in India, he will oversee a team of investment...
Jones Lang LaSalle chief launches India real estate fund
Jones Lang LaSalle's (JLL) India CEO has reportedly left his role at the global property consultancy to launch a real estate fund with a former Merrill Lynch executive.
BlackRock, CIC to launch fund – report
BlackRock and China Investment Corp (CIC) have reportedly agreed to launch a multi-billion dollar investment fund.
IDFC Project Equity to launch second infrastructure fund
IDFC Project Equity, a subsidiary of Infrastructure Development Finance Company (IDFC), will launch its second India infrastructure fund later this year.
India's HomeShop18 targets $100m IPO in the US – report
HomeShop18, the online retail arm of Indian media group Network 18, is said to be readying a US IPO that could raise about $100 million. The company raised $26 million from SAIF Partners in two tranches between 2007 and 2008.
VC firms support Japan-US drug development alliance
Drais Pharmaceuticals, a US-based firm backed by InterWest Partners and Sutter Hill Ventures, will form a partnership with Japan’s Astellas Pharma to jointly develop a new line of drugs. Astellas has agreed to transfer assets to Drais-operated Telsar...
Sidbi raises $128m for India Opportunity Fund
Sidbi Venture Capital Fund is nearing the close of its India Opportunity Fund, having just received a commitment of INR6.7 billion ($128 million) from financial institutions.
Tan-EU Capital acquires Chinese retail site
SOTAN China Real Estate I, the $400 million fund co-managed by Hong Kong-based real estate private equity firm Tan-EU Capital, has made its first China investment.
Noah launches China real estate fund
China's rapid economic expansion over the past decade has created a large pool of millionaires but onshore investment options remain limited. Those keen to avoid negative real interest on bank deposits, have traditionally put their money into stocks (at...
Maui Capital appeals to the masses
Between now and the end of May, around 900 New Zealand investors are expected to sign up as LPs in Maui Capital’s new fund. With commitments ranging from NZ$100,000 ($81,000) to NZ$20 million, they are only expected to account for around two thirds of...