Funds
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...
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...