Funds
Indian emu processing unit tipped for VC backing
India’s first-ever emu processing unit may receive backing from the Ministry of Agriculture through the Poultry Venture Capital Fund.
Australian LPs miss out on Neuberger Berman fund-of-funds
Neuberger Berman announced a final close of $720 million for its NB Crossroads 2010 fund-of-funds last week, but Australian investors were conspicuous by their absence. Not one Australian LP subscribed to the latest vehicle, which Neuberger attributes...
Indian tech VC: Where's the exit?
MakeMyTrip’s stellar IPO on NASDAQ last year has a host of other companies preparing to follow suit. The implications for VC are unclear
Centro to launch trust to avoid collapse
The financial backers of distressed Australian real estate owner Centro Properties Group have agreed to create an A$4.4 billion ($4.3 billion) listed property trust called Centro Retail Australia in order to keep the company afloat.
New Hope to establish $200m food fund
New Hope Group, the largest animal feed producer in China, has announced plans to establish a $200 million overseas fund to invest in food-related businesses.
Kingfisher closes in on $370m injection
Debt-ridden Indian airline Kingfisher is nearing the close of a $370 million recapitalization deal with an Indian private investor and a group of banks that should prevent it from collapsing.
MSPEA-backed Biotor close to shuttering - report
Morgan Stanley Private Equity Asia’s (MSPEA) first and only Indian portfolio company from its pan-Asian fund, Mumbai-based biofuel company Biotor Industries, is reportedly on the verge of closing its operations, which could leave MSPEA out of its INR2...
Samsung Ventures invests in digital TV ad platform YuMe
Samsung Ventures, the VC investment arm of Korea’s Samsung Group, has participated in a $12 million funding round in US-based YuMe, a digital video advertising platform.
Update: Westbridge fund makes four investments
WestBridge Capital’s evergreen fund, closed in August, has made its first investments in four listed companies.
CITIC holds $225m first close of fourth property fund
CITIC Capital has held a first close on its fourth Chinese real estate vehicle, CITIC Capital China Retail Properties Investment Fund, at $225 million.
Neuberger Berman raises $720m
Investment management firm Neuberger Berman Group has raised $720 million for its private equity fund-of-funds, NB Crossroads 2010.
Sino-Forest denies fraud claims
Private equity-backed Chinese forestry firm Sino-Forest has denied allegations by short-seller Muddy Waters that it engaged in fraudulent activity related to its assets and revenue reporting.
Intel invests $40m in Asian tech companies
Intel Capital has committed $40 million to 10 Asian companies from China, India, Japan, South Korea and Taiwan. The technologies covered include semiconductors, green tech, software, security, social gaming and cloud-based services. Details of the size...
Beikai Capital launches $79m RMB fund
Private equity firm Beikai Capital, formerly a unit of Balloch Group, has established a RMB500 million ($78.7 million) fund in collaboration with a Nanjing-based venture capital firm.
Judge rules on VisionChina case
Venture investors in Shanghai-based subway mobile television advertiser Digital Media Group (DGM) have begun taking steps to attach $30 million of assets belonging to out-of-home digital advertising network VisionChina Media following a ruling by the...
Blackstone, Carlyle near Reliance tower acquisition - report
A consortium comprised of The Blackstone Group and The Carlyle Group may purchase Reliance Group’s cellular towers by December, in a deal that will finally see the Indian communications major divest its ailing tower assets.
Ex-Och-Ziff exec sets up Clifton Real Estate
A former employee of Och-Ziff Capital Management Group has established a new Singapore-based firm which will invest in small and medium-sized properties.
RMB fund vs. USD fund issue losing importance - AVCJ Forum
The internationalization of the renminbi is rendering the US dollar fund versus renminbi fund debate increasingly irrelevant, according to panelists at the AVCJ Investment Summit on Thursday.
Investors eye openings in Asia special situations
Distressed opportunities are being flagged up as a key investment area in Asia as several economies in the region face slowing growth and tightening monetary conditions.
Pension funds still committed to pan-Asian, global funds
Institutional limited partners are becoming more nuanced in their appreciation of private equity opportunities in the region but this doesn’t necessarily signal a wholesale shift away from pan-Asian or global funds.
GPs highlight merits of differentiation – AVCJ Forum
General partners stressed the need for differentiation in devising strategies to capitalize on private equity growth in Asia Pacific.
Gresham seeks buyer for New Zealand's Noel Leeming Group
Australian PE firm Gresham has reportedly appointed Macquarie Group to advise on the sale of New Zealand appliance retailer Noel Leeming Group, an asset that it has owned for seven years.
Chinatrust Financial plans $300m maiden VC fund
Taiwan’s third-largest financial services firm Chinatrust Financial is raising a $300 million venture capital fund – its first - targeting Taiwanese companies operating in China.
Q&A: Headland Capital Partners' George Raffini
After 21 years as a captive, HSBC’s Asia private equity unit spun out last year as Headland Capital Partners. Managing Partner George Raffini looks back on 12 months of change.