Funds
China targets illicit PE fundraising
Horror stories of individual investors being talked into committing capital to suspect private equity funds have prompted regulatory intervention in China. But progress is slow and the road is long.
Nine Entertainment's creditors draw up plan to push out CVC
Creditors of Australia’s Nine Entertainment have put together a proposal to convert their debt to equity which would wipe out the majority of current owner CVC Capital Partners’ interest in the firm. Hedge funds Oaktree Capital and Apollo Global Management...
Cinemacraft receives funding from 500 Startups
Asian interactive media platform provider Cinemacraft has secured funding from US-based business incubator 500 Startups.
India to launch state-backed $1b innovation fund
India plans to roll out a $1 billion government-backed venture fund to support innovative companies that promise a better future to the poor.
CrystalGenomics receives $2.6m from VC-backed fund
South Korea-based CrystalGenomics has secured KRW3 billion ($2.6 Million) through a private placement to the Korea Seoul Life Science Fund (KSLSF).
Singapore property funds look to invest $100m in Indian SEZ
Singapore property funds Ascendas and Mapletree Investments are in talks to commit $100million to a special economic zone (SEZ) near the Indian city of Pune.
TPG may support struggling Olympus
TPG Capital is considering an investment in Japan’s Olympus Corp, which would help the beleaguered camera manufacturer make inroads into its losses.
Morgan Stanley extends property fund's investment period - report
Morgan Stanley Real Estate Investing has received approval from LPs to increase the investment period of its $4.7 billion property fund, Morgan Stanley Real Estate Fund (MSREF), by one year.
Lightspeed targets $675m for ninth fund
Lightspeed Venture Partners is seeking $675million for its new global fund, according to a regulatory filing. The firm principally targets investments in China and India, as well the US and Israel.
Hony Capital raises $4b for new USD, RMB funds
Beijing-based Hony Capital, one of China’s largest private equity firms, has raised close to $4 billion from investors for two separate vehicles, both double the size of their respective predecessors.
Nomura postpones India infrastructure fund - sources
Japanese financial group Nomura Holdings has postponed its plans to launch a $500 million India-focused infrastructure fund due to the uncertain economic environment.
India's LIC Housing Finance to raise $96m fund
LIC Housing Finance, the mortgage lender owned by Life Insurance Corp. of India, plans to enter the private equity market with an INR5 billion ($96.5 million) urban development fund. Half of its corpus will go toward equity and equity-related investments...
Kelvin Chan leaves Partners Group's Asia PE team
Kelvin Chan has stepped down as a managing director with Partners Group’s Asia Pacific private equity team. The global private markets player, which makes primary, secondary and direct investments, has appointed Kelvin Yu in his place.
Adveq set to increase China investment to $550m
China will remain the focal point of international institution investors for the next 10 years, according to Adveq Management. The private equity fund-offunds manager plans to increase its investment in China to RMB3.5 billion ($554 million) over the...
Intel Capital targets product-focused startups in India
Intel Capital plans to use the remainder of its India Technology Fund to finance product startups that facilitate the adoption of chips for smartphones and tablet computers manufactured by its parent company. The corporate VC unit is particularly keen...
Northern Light supports first Sino-US incubator
Northern Light Venture Capital has launched Silicon Valley’s first Sino-US incubator in conjunction with Tsinghua University Science Park, Shui On Group and Silicon Valley Bank. Known as InnoSpring, the incubator will target startups seeking to enter...
INCJ expects more overseas deals in 2012
Innovation Network Corp of Japan (INCJ) has said that it plans to invest more in overseas acquisitions by Japanese companies this year.
The changing face of Asia cleantech
New energy investment is becoming more specialized and service-oriented. Are venture capital firms moving fast enough, and far enough, to stay ahead of the game?
The irresistible rise of corporate VC
Corporate venture capital units are the elephant in the room. No matter where you tread in the VC sphere, these operators make an appearance – but rarely in the same form.
Bessemer appoints new India VP
Bessemer Venture Partners (BVP) has promoted Mumbai-based Abhijeet Muzumdar to vice president.
Nomura enters China's PE space
Nomura Holdings has become the first Japanese financial services company to invest in Chinese private equity, after agreeing to participate as an LP in the Shanghai-based Jiu You Quan Xing Equity Investment Fund. The vehicle, which is managed by Jiu You...
Temasek launches $1.9b China fund
Singaporean sovereign wealth fund Temasek has launched Pavilion Capital, an investment vehicle that will channel up to S$2.5 billion ($1.9 billion) into deals in north Asia.
Nomura becomes first Japanese firm to invest in Chinese private equity
Nomura Holdings said it would become the first Japanese financial group to make private equity investments in China, having reached an agreement with Shanghai-based Jiu You Quan Xing Equity Investment Fund. This follows the bank winning approval to participate...
PTC India to set up PE vehicle with sovereign wealth fund
PTC India has agreed to set up a private equity fund with an unnamed sovereign wealth fund, according to the chairman of the state-run power trading company. It will have initial capital of $200 million and target stakes in power projects in India and...