Funds
India's Wadhawan Group to set up PE funds
Wadhawan Group, a conglomerate controlled by the Wadhawan family which also runs housing finance company DHFL, plans to launch multiple private equity funds to expand its financial services operations.
Advantage Partners may extend investment deadline
Advantage Partners may extend the June deadline for investment from its $2.6 billion buyout fund due to limited dealflow. The buyout firm will make a decision by the end of April.
Australia Music Group gets private equity lifeline
Revere Capital has injected funding into Australia Music Group (AMG) as part of internal restructuring efforts. Like many retailers in Australia, the company is struggling during a period of poor consumer sentiment.
ADIA to seek direct deals in India's property sector
Abu Dhabi Investment Authority (ADIA) plans to make direct investments into Indian real estate rather than operate through third-party private equity and property fund managers.
IFC to roll out $100m microfinance debt fund
International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, will set up a $100 million debt fund to meet the funding needs of microfinance institutions in emerging economies.
Secondaries: GPs for hire
Many first-time fund managers in Asia are expected to have trouble raising successor vehicles. Secondary investors sense the opportunity to tide over GPs by acquiring their existing portfolios
Axiom raises $1b for third Asia fund-of-funds
Singapore-headquartered independent fund-of-funds manager Axiom Asia Private Capital has reportedly raised more than $1 billion for its third fund.
Taiwan, New Zealand launch $169m venture fund
Taiwan’s National Development Fund (NDF) has agreed with New Zealand Venture Investment Fund (NZVIF) to establish a NT$5 billion (US$169.39 million) joint venture fund.
IDG Capital Partners raises $571m RMB fund
IDG Capital Partners has reached a final close of RMB3.6 billion($571 million) for its Harmony Capital Fund, which will target innovative companies in Beijing technology hub Zhongguancun.
Leveraged lenders seek common ground
Australia’s banks have proposed a standard set of rules on who can do what in the event of a default. They say it will stimulate the mezzanine market but junior lenders claim the measures are too restrictive
Australian venture capitalists face commercialization obstacles
Entrepreneurs are brimming with ideas but Australia’s venture capital firms don’t have the capital to convert innovation into products. Government support has so far been piecemeal
Indiareit to launch $500m India fund
Indiareit Fund Advisors, a real estate investor backed by Indian entrepreneur Ajay Piramal, is planning to launch a $500 million offshore fund that will invest in domestic development projects.
Pantheon's Lim promoted to partner in Hong Kong
Pantheon has elevated Hong Kong-based Brian Lim from portfolio director to partner. It is one of four promotions across four offices by the global fund-of-funds manager.
CITIC Capital rolls out new VC fund
CITIC Capital, partly-owned by Chinese Investment Corp. (CIC) and CITIC Group, has reached a first close of $60 million for its new venture capital fund. The vehicle represents the private equity firm's first foray into VC.
MyFarm launches listed dairy fund
New Zealand dairy farm investor MyFarm Asset Management has launched a specialist investment fund which aims to raise NZ$75 million ($62 million), partly through an IPO on alternative securities exchange Unlisted.
Q&A: Intel Capital's Keith Larson
Keith Larson, vice president and managing director for Intel Capital’s manufacturing sector investments, talks to AVCJ about how and where Asia is gaining an edge in the global technology space
SBI teams up with Mahindra Satyam to roll out $50m fund
India-based IT consulting and business service provider Mahindra Satyam has partnered with Japanese venture capital firm SBI Holdings to roll out a $50 joint fund to invest in ICT companies globally.
Noah sets up Hong Kong subsidiary
Noah Holdings, the Shanghai-headquartered third-party financial advisory company, is launching a Hong Kong subsidiary. It wants to provide investment products to international investors and mainland customers who already have assets overseas.
Asia, Middle East LPs put up 30% of BC Partners' buyout fund
Asian and Middle East investors contributed 30% of the capital for BC Partners’ latest European fund, which has closed at EUR6.5 billion ($8.6 billion) after 18 months in the market. LPs from these regions only accounted for 10% of the private equity...
Paracor to launch $200m real estate fund
Mauritius private equity firm Paracor Capital Advisors plans to launch an INR9.87 billion ($200 million) fund, which will invest in real estate projects in the seven top cities in India.
China rolls out $8b fund to back outbound investments
China has launched a RMB50 billion ($8 billion) fund in Shanghai to aid overseas acquisitions by Chinese companies. The fund, which is the largest international renminbi-denominated vehicle ever created, has already raised RMB12 billion.
L Capital plans $1b Asia fund
L Capital Asia, the private equity arm of French luxury goods conglomerate LVMH, could start raising a new fund of more than $1 billion this year.
Washington State commits $400m to KKR's Asian fund
Washington State Investment Board has committed $400 million to KKR’s second Asia fund, which is seeking to raise up to $6 billion. The investment was disclosed alongside those made to Oaktree Capital Management’s newest distressed debt fund and Cinven...
China Development Financial targets RMB fund
Taiwan-based China Development Financial Holding (CDFH) plans to launch a renminbi-denominated private equity fund as part of efforts to expand its asset management business in China.