Funds
NSSF reaches out to private equity firms
The National Council for Social Security Fund (NSSF), China’s state pension fund and best-known LP, is reaching out to private equity firms as it seeks to ramp up investments. It recently signed an agreement with one PE firm, is conducting due diligence...
JAIC to set up fund joint venture in Tianjian
Japan Asia Investment (JAIC) has set up a joint venture investment management company in Tianjin, according to one of its partners. A spokesman for the Tianjin Eco-City Management Committee said it was participating in the company alongside China Binhai...
Illinois pension fund earmarks $7b for private equity
The Teachers’ Retirement Board of the State of Illinois has won approval from its board of trustees for a plan that could see it invest up to $7 billion in private equity by 2016. The $37 billion fund wants to commit $900 million to $1.4 billion to the...
Unilever to start India venture capital fund
Unilever will set up a venture capital fund to invest in India based on the Unilever Corporate Ventures model that already operates in North America and Europe. A spokesperson for the company said that it wanted to seek opportunities in emerging markets,...
Warburg Pincus considers new fund
Warburg Pincus is preparing to raise a new buyout fund that could be worth $12 billion, Bloomberg reported, citing two people familiar with the situation. The New York-based private equity firm, which has invested more than 80% of its current $15 billion...
JPMorgan PE unit teams up with Beijing Capital Group
JPMorgan’s global private equity investment arm, One Equity Partners (OEP), has teamed up with local conglomerate Beijing Capital Group to identify investment opportunities. OEP plans to invest $200 million in China over the next to two to three years...
Two more PE firms win QFLP approval in Shanghai
SB China Venture Capital and Shanghai Guosheng CLSA Venture Capital have won approval from the Shanghai government to participate in the Qualified Foreign Limited Partners (QFLP) initiative. They join The Carlyle Group, Blackstone and DT Capital Partners,...
Bain launches second Asia fund, remains focused on Japan
Bain Capital launched its second Asia fund on Tuesday, with Japan remaining the key focus despite the economic fallout from the earthquake, tsunami and subsequent nuclear crisis. However, deals will also be sourced in China and India.
Angel investors rise in China
Venture capitalists are turning to earlier-stage funding as they seek to add value and avoid the crowded growth capital space
Haitong plans $1.5b fund to support Chinese firms going global
Chinese brokerage Haitong Securities plans to launch a RMB10 billion ($1.5 billion) fund to support domestic companies expanding overseas, Reuters reported, citing a person familiar with the situation. The fund will be managed through Haitong’s private...
ING fund of funds profits from Quadrant's Australia fast-food sale
Australian fund of funds ING Private Equity Access announced that another of its private equity investments will be returning cash to the company. Quadrant Private Equity has sold Quick Service Restaurant Holdings (QSRH) to Archer Capital for approximately...
PE-backed Chinese fashion retailer plans US IPO
Moonbasa, a Chinese fashion retailer that counts China Renaissance Capital, GSR Ventures and DT Capital Partners among its investors, is seeking to raise $150 million on NASDAQ, Bloomberg reports.
New Horizon targets fourth fund worth $750m
New Horizon Capital is looking to raise a new fund just over a year since closing its previous vehicle and without the involvement of co-founder Winston Wen Yunsong, son of Chinese Premier Wen Jiabao.
Chinese regulator considers making brokerage PE pilot program full time
A pilot program under which Chinese securities companies participate in private equity investment may be approved for full implementation. Huang Wenyuan, director of the department of institutional investors at the China Securities Regulatory Commission...
KITVEN invests in Indian mapping services provider
Bangalore-based Vidteq India has raised funding from Karnataka Information Technology Venture Capital Fund (KITVEN) for undisclosed amount.
Lone Star challenges stock manipulation charges in Korean court
Lone Star will file a petition to void stock manipulation charges leveled against it and Paul Yoo, the head of its South Korea unit, Reuters reported. The move is likely to prolong the private equity firm’s sale of a 51% stake in Korea Exchange Bank (KEB)...
IL&FS targets $300m for fourth India fund
IL&FS Investment Managers, the private equity arm of Infrastructure Leasing & Financial Services, has set a target of $300 million for its Tara India Fund IV. The fund will target growth capital investments primarily in the manufacturing, retail and logistics...
Hony Capital seeks to take foreign tech firms into China
Hony Capital wants to take US and European technology companies into China, exposing them to new markets and adding value to their business, according to John Zhao, the private equity firm’s CEO and managing partner
Tokyo Edge Capital to exit Morpho via IPO
Morpho, an image processing services firm that received backing from the University of Tokyo Edge Capital(UTEC), has filed to list on the Tokyo Stock Exchange. The company expects to make its trading debut on July 23.
HarbourVest sees net asset value hit record high
HarbourVest Global Private Equity posted a net asset value of $10.92 per share on Wednesday, its highest ever level. The increase – up 6.6% from January and up 9% since the private equity firm listed in 2007 – was driven by rising portfolio asset value...
Pennsylvania pension fund commits $220m to private equity
Pennsylvania Public Schools Employees’ Retirement System has committed up to $220 million to private equity investments, including $50 million for Orchid Asia V, which focuses on growth capital investments in China.
GSR backs China's growing LED market
GSR Ventures, a Beijing- and Silicon Valley-based venture capital firm, made its sixth investment in China’s LED industry last week, with a $10 million round of Series A financing for SunSun Lighting. The company wants to list within three years.
Macquarie, China Everbright make first close on infrastructure fund
Macquarie Group and China Everbright have made the first close on their joint China infrastructure fund, securing total commitments of $479 million. They are targeting a final close in 2012.
China's Eshop receives series A financing from Sequoia
Sequoia Capital and Xianfeng Huaxing Venture Capital have participated in a round of series A financing for Beijing-based e-commerce management company Eshop.