Funds
Southern Cross to run Australian state-backed VC fund
VC firm Southern Cross Venture Partners has secured the mandate to run the Australian government’s first renewable energy venture fund, the REVCF.
The year that was
Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets, growth...
BVP India invests in Indian dialysis clinics
Many entrepreneurs within growth-stage firms claim to live and breathe their business propositions. One company founder, Kamah Shah, takes this adage to the next level, however, as his reliance on kidney dialysis machines sees him undergoing the treatment...
Kotak Realty raises $98.2m for properties fund
Kotak Realty Fund has raised INR5.23 billion ($98.2 million) from domestic LPs for a fund that will provide high-yield debt instruments to real estate developers.
TPG considers investment into Takefuji - report
TPG may be considering making a much-needed investment into debt-ridden Japanese consumer lender Takefuji, coming as the latest effort to prevent the firm from liquidating.
Sequoia, Zhenfund team up to launch $30m VC fund
Sequoia Capital China and angel investor Zhenfund have teamed up to launch a RMB200 million ($30 million) venture fund, aimed at providing seed funding to start ups.
CVC said to offer Nine's creditors second refinancing plan
CVC Asia Pacific has reportedly offered creditors another refinancing plan for the A$2.6 billion ($2.7 billion) of debt held by its Australian portfolio company, Nine Entertainment, coming after lenders rejected CVC’s proposal of granting the firm a two-and-a-half-year...
Pencarrow fund holds first close on $59m
New Zealand-based Pencarrow Private Equity has held a first close of its fourth private equity fund on NZ$77 million ($59 million).
Shanghai announces initiatives to foster VC tech investment
Shanghai’s local government has unveiled a multi-tiered plan aimed at encouraging venture capital investment into early stage, locally based technology companies.
Nine's creditors reject debt restructure plan
The creditors of Australian media group Nine Entertainment have rejected a proposal to restructure the company’s A$2.6 billion ($2.59 billion) of senior debt, potentially jamming Nine’s private equity owner, CVC Asia Pacific, with nearly $2 billion in...
IIF program to invest $102m in Australian venture
The Australian government has announced plans to provide venture capital funds with up to A$100 million ($102 million) of capital via its Innovation Investment Fund (IIF) program.
The Founders Fund plans Australian startup fund
US venture capital firm The Founders Fund is reportedly planning to create a vehicle which will invest in Australia-based startup companies.
NZVIF to invest $6m in start-ups
The New Zealand Venture Investment Fund (NZVIF) is making plans to invest up to NZ$8 million ($6 million) in New Zealand-based start-up firms.
Ex-Temasek exec launches Kedaara Capital with CD&R
Manish Kejriwal, the former head of Temasek India, is said to be counting Clayton, Dubilier and Rice (CD&R) among the investors of his new fund manager, Kedaara Capital.
Gobi LPs short-changed by VisionChina dispute
The LPs in Gobi Partners' fund have experienced significant delays in receiving their returns from the VC firm’s investment in China’s Digital Media Group (DMG), a source close to Gobi told AVCJ.
VC Professional of the Year – Sandeep Singhal
Sandeep Singhal, co-founder of Nexus Venture Partners, discusses job satisfaction, the secrets of his venture firm’s success and the outlook for India’s early-stage sector.
Private Equity Professional of the Year – Peter Wiggs
“It's been quite a year,” Peter Wiggs reflected as he collected the prize for Private Equity Professional of the Year at the 2011 Asian Private Equity & Venture Capital Awards.
WI Harper, Matrix back game developer SNS Plus
WI Harper and Matrix Partners have co-led a $4 million round of funding for SNS Plus, an Asia-focused gaming company. SNS Plus has published more than 60 games on Facebook and a further 15 on other social networking platforms.
J.P. Morgan gets green light for $1b RMB fund
J.P. Morgan Asset Management has reportedly won approval from the Beijing government to launch a $1 billion renminbi-denominated fund.
Chinese regulators poised to clamp down on illegal fundraising
China’s National Development and Reform Commission is looking into domestic private equity firms’ fundraising operations with a view to tightening regulatory oversight on the sector.
Chinese investors ask Terra Firma to create sovereign fund pool
Terra Firma Capital Partners has been approached by several large investors from China and the Middle East to set up a sovereign fund pool.
Aloe 'to count IFC among LPs' in third fund
International Finance Corp. (IFC), the investment arm of the World Bank, is reportedly poised to join the LP roster for Aloe Private Equity's its third fund, Aloe Environment Fund III.
Shenzhen PE firm reaches first close on debut property fund
PTiFund, a Shenzhen-based private equity firm backed by Hong Kong-listed property developer Top Spring International Holdings, has announced a first close of RMB125 million ($19.6 million) on its debut fund. The full target is RMB500 million.
JPMorgan to back Bangalore residential property projects
A JPMorgan proprietary fund will invest INR2 billion ($40 million) in five Bangalore-based residential projects being developed by Nitesh Estates. With the US investment bank’s backing, the Indian real estate firm is expected to raise debt to fund the...