Funds
Longreach nears $400m final close on second fund
The Longreach Group is nearing a final close of around $400 million for its second fund. An announcement is expected within a month, market sources told AVCJ.
LP interview: Allstate branches out
Unencumbered by the volatility that can restrict non-captive LPs, Allstate alters its PE portfolio to reflect fundamental changes in the market. It is scaling back on buyouts and scaling up on Asia
Century Bridge in China fund debut
Raising a China-focused first-time fund is rarely easy, a Century Bridge can attest. Tom Delatour, CEO of the real estate private equity firm, came to China in 2006, assembled a team of investment professionals, and launched a fund in spring 2010. The...
Star potential: Celebrities turn to VC
Chinese basketball star Yao Ming recently upped his involvement in private equity, prompting speculation that other Asian celebrities will follow suit. Can they be successful?
Secondaries: Access all areas?
With sophisticated regional players at one end and smaller novices at the other, navigating Asia’s nascent secondaries market requires patience, teaching skills and reliable information channels
PAG announces final close of $2.5b on Asia fund
PAG has announced a final close on its debut private equity fund at $2.5 billion. PAG Asia I is a pan-regional buyout vehicle with a particular focus on China. The vehicle is slightly larger than Baring Private Equity Asia's fifth vehicle, which closed...
MGPA announces first close on Asia real estate fund
MGPA, a private equity real estate investment firm, has held a first close on a EUR500 million ($639 million) Asia property fund targeting German investors. The vehicle has so far received EUR85 million ($109 million) from three German institutions.
General Catalyst invests $20m in Australia's Bigcommerce
Australian e-commerce start-up Bigcommerce has won $20 million in Series B funding from General Catalyst Partners. The US venture capital firm previously invested $15 million just over a year ago.
Century Bridge closes China real estate fund on $170m
Century Bridge has reached a final close of more than $170 million for its China-focused real estate fund. The Century Bridge China Real Estate Fund will invest equity in build-to-sell, middle-income, residential real estate projects and development enterprises...
Kaizen commits $4.5m to Indian school management firm
Kaizen Private Equity has invested INR250 million ($4.5 million) for a minority stake in Altus Learning, an Indian school management firm. The funding will be used to help the Gujarat-based operator expand in northern India.
CICC PE's assets under management reach $2.4b
The private equity arm of China International Capital Corporation (CICC), the country’s largest investment bank, has seen its assets under management soar to in excess of RMB15 billion ($2.4 billion).
YES Bank's Ghosh to join Motilal Oswal PE as co-CEO - report
Somak Ghosh, Group President of Developing Banking at YES Bank, has reportedly left the company to join Motilal Oswal Private Equity Advisors, the private investment arm of Motilal Oswal Securities, as co-chief executive.
IFC, Mount Kellett back India’s Jain Irrigation Systems
International Finance Corporation (IFC) and Mount Kellett Capital Management are part of a group that has agreed to invest around INR11 billion ($200 million) in Jain Irrigation Systems. The company, which manufactures drip and sprinkler systems as well...
China’s Kaiwu Capital to raise $150m maiden fund
Kaiwu Capital, a China-based early-stage venture capital firm, is raising its maiden fund with a target size of $150 million.
KT, NPS, Korea Post set up outbound M&A fund
Korean telecom giant KT Corporation has teamed up with the National Pension Fund (NPS) and Korea Post to form a KRW1 trillion ($883 billion) fund that will make acquisitions overseas. It is the latest of several initiatives launched by Korean corporations...
Indiareit's CEO quits to set up own fund - report
Ramesh Jogani, CEO and managing director of Indiareit Fund Advisors, an Indian real estate fund operated by Piramal Healthcare, is reportedly leaving the company to start his own fund.
GGV raises $625m for Sino-US fund IV
Following its survey of the terms and conditions employed by China-focused venture capital funds, law firm Cooley revealed that more or less every early and mid-stage VC fund it had seen charged a management fee of 2.5%.
Buyout firms progress in Indonesia healthcare auction - report
The Blackstone Group, Bain Capital, KKR and Abraaj Capital are said to have made it through to the second round of the auction process for a 20% stake in Siloam, Indonesia’s biggest private hospital firm. The deal is expected to be worth up to $300...
Anubha Shrivastava leaves CDC
Anubha Shrivastava has left CDC, the UK government's development finance arm, where she served as managing director with responsibility for Asia investments.
Just Dial re-files for IPO, VCs plan partial exit
Just Dial, the Indian online listings provider, has filed for a domestic IPO that will see its venture capital investors exit a portion of their holdings. After an earlier attempt to list was shelved due to market uncertainty, the company completed a...
KKR says it has no plans for India credit fund
KKR has talked down reports that it is preparing to raise an India-focused debt fund. While interested in pursuing India credit opportunities, the private equity firm currently has no plans to launch a specific vehicle in this space.
GGV reaches final close at $625m on fourth fund
GGV has reached a final close on its fourth fund at $625 million. The US- and China-focused venture capital firm, formerly known as Granite Global Ventures, has added RMB650 million ($105 million) to the $520 million already raised from US investors.
Qianhai offers RMB funds fast track
Renminbi-denominated private equity funds will get special dispensation to raise capital in Hong Kong through a new pilot project in Shenzhen. As ever, the devil is in the detail, which has yet to be fully explained
GE, VC firms to back Australasia cleantech start-ups
General Electric (GE) has teamed up with five venture capital firms in Australia and New Zealand on a $10 million fund that will support the development of clean technology. It is the company’s first ever local “ecoimagination” challenge and entries...