Funds
EQT, TPG funds reflect Asia's PE power
Asia's growing significance in the private equity world was further confirmed in two separate fundraising events last week. First in Europe, where EQT Partners announced that Asia Pacific LPs were responsible for nearly one quarter of total commitments...
Northern Light eyes healthcare sector
Healthcare will be a stronger area of focus for Northern Light Venture Capital’s third US-dollar fund, which last week achieved a final close of $400 million.
China exits: How much longer can the pre-IPO party last?
Chinese private equity funds that were drawn into the market by high public exit valuations are being given pause for thought. It represents a tipping point for Shenzhen’s ChiNext and SME Boards
Blackstone appoints Costello chairman for Australia, New Zealand
Paul Costello, who stepped down as general manager of Future Fund late last year, has been appointed The Blackstone Group’s non-executive chairman for Australia and New Zealand. He will report to Tony James, the private equity firm’s president, and Michael...
Macquarie, SBI target second India infrastructure fund
Macquarie Group and State Bank of India (SBI) are targeting $1-1.5 billion for their second India-focused infrastructure fund. Plans for the new vehicle come as the first fund, SBI Macquarie Infrastructure Trust, which closed in March at $1.2 billion,...
Intel Capital plans second India fund
Intel Capital is planning to launch its second India-focused private equity fund. The company, which spun out from chip maker Intel, is targeting a raise of $250 million, investments bankers told The Business Standard.
Prudent Energy gets $29.5m from Asian investors
Prudent Energy, a US- and Beijing-based energy storage firm, has raised $29.5 million in an investment rounding led by Japan’s Mitsui & Co. and including Vangoo Investment Partners – which is an affiliate of Japan’s Ant Capital Partners - Asia Clean Energy...
Third Quarter 2011: Venture capital deals steal the spotlight as buyouts wane
Third quarter analysis: Early-stage deals gain traction in Asia; mixed messages on China fundraising; weak public markets see trade and secondary sales thrive
Northern Light VC closes third USD fund at $400m
China-focused early-stage investor Northern Light Venture Capital (NLVC) has closed its third US dollar fund, together with its parallel funds, at $400 million.
CIC commits $1b to Russian sovereign wealth fund
China Investment Corp. (CIC) will invest $1 billion in a joint Russia-China Investment Fund that will operate in partnership with the Russian Direct Investment Fund (RDIF), Moscow’s debut sovereign wealth fund.
Partners Group launches global fund in Sydney
Partners Group has set up a new global private equity fund based in Sydney, offering smaller institutional and retail investors access to deals normally only available to large institutions.
Contour Energy gets Asia PE backing for battery development
California-based next-generation battery developer Contour Energy Systems has closed a more than $20 million Series C round of financing led Singapore-based EDBI. CMEA Capital, Harris & Harris, Schlumberger and US Venture Partners, along with new investor...
PAG shows appetite for distress
Interest in Asian distressed assets appears to be living up to the hype, with PAG last week reaching a final close of $900 million a regional special situations fund. Several investments have already been made and more are in the pipeline, a source familiar...
SBI makes first foray into Cambodia
Japanese Financial Group SBI Holdings has entered Cambodia through the creation of a private equity fund in partnership with Royal Group, the country’s largest conglomerate. It is SBI’s second overseas joint venture vehicle this year, following the formation...
Colorado Group gets back on its feet
Is there life after receivership? The owners of Colorado Group are banking on it, and have injected A$70 million ($68.7 million) to resurrect the retail brand in the hopes of finding longevity the second time around.
Countdown to the AVCJ Forum
In just over a month, we will be holding our 24th Annual AVCJ Private Equity & Venture Forum in Hong Kong. As in the past, AVCJ’s annual event has attracted the biggest and most influential names in the private equity industry including such leaders as...
Tata Opportunities Fund makes second close at $550m
Tata Capital has completed the second close of its latest private equity vehicle, the Tata Opportunities Fund LP, at $550 million.
PE-backed Affle gets $10m from Japan's D2 Communications
Japanese mobile advertising company D2 Communications (D2C) has invested more than $10 million in Singapore-headquartered Asian mobile media firm Affle. It joins existing backers Microsoft, Itochu Corp., Bennett Coleman & Company and Centurion Private...
Accel nears close of $150m early-stage India fund
Accel Partners is reportedly on track to raise its first India-dedicated fund - a $150 million early-stage investment vehicle – and is expected to announce a close in the coming weeks.
HDFC targets $600m property fund
Housing Development Finance Corp. (HDFC), India’s largest mortgage lender, is looking to raise a $600 million fund from overseas investors. It will be the firm’s property-focused vehicle.
Ex-EM Alternatives execs join Pomona's Asia team
Pomona Capital has hired Ernest Lambers and John Stephens as managing directors in its London and Hong Kong offices, respectively, with a remit to focus on the firm’s investment programs in Asia and other emerging markets.
HSBC hires Glenn Kennedy to head regional alternatives sales
HSBC Securities Services has appointed Glenn Kennedy as regional head of sales and relationship management for the alternatives sector. Based in Hong Kong, he will be responsible for new and existing client relationships throughout Asia Pacific, with...
CDC focuses on direct investments, debt in India
CDC Group, the UK development finance institution, is changing its strategy in India to focus on direct investments, co-investments and debt, as well as making commitments to private equity fund managers. It will also make investments in early-stage funds....
Partners Group in mezzanine deal with Archer Capital's QSRH
Partners Group has provided a mezzanine loan to Australian Quick Service Restaurant Holdings (QSRH), the fast food chain that Archer Capital bought from Quadrant Private Equity for A$450 million ($474 million) in June.