Funds
China's Co-Win Venture closes fifth fund at $385.4m
Shenzhen-based Co-Win Venture Capital Investment has closed its fifth fund, raising a total of RMB2.5 billion ($385.4 million).
IFC invests $4m in Sapphire Industrial Infrustructure
The International Finance Corporation (IFC), the investment arm of the World Bank, has injected $4 million in India’s Sapphire Industrial Infrastructures, a tin film solar plant operator.
Carlyle nears first direct investment in Indonesia
US private equity firm The Carlyle Group is closing in on a 25% stake worth $200 million in GarudaFood, an Indonesian food and beverage company, Reuters reported.
CICC set to make RMB1.5b first close on new fund
China International Capital Corporation (CICC), the country’s largest investment bank, is set to announce the RMB1.5 billion ($231.5 million) first close of its new renminbi-denominated fund this week, a source close to the process confirmed to AVCJ....
CITIC sees role for USD funds in bringing foreign firms to China
Multinational companies looking to expand and raise funds in China will increasingly turn to domestic private equity firms for assistance, according to Wu Yibing, president of CITIC Private Equity Funds Management Co.
Tokyo Star goes back to Lone Star
LONE STAR FUNDS IS ONCE AGAIN TAKING ownership of Tokyo Star Bank, less than four years after selling the struggling commercial lender to private equity firm Advantage Partners (AP). Having failed to repay its debts, AP has reportedly agreed to give away...
The Winners Circle: 2011 AVCJ China Awards
Last Friday, at the closing luncheon of our highly successful AVCJ Private Equity & Venture Forum/China conference, we gave out our first ever dedicated awards focused on private equity and venture capital activity across China. Excited by the positive...
AIC launches secondaries fund from Japan
Alternative Investment Capital Limited (AIC) has teamed with the Development Bank of Japan (DBJ) to launch the $150 million AIC Asia Opportunity Fund, L.P. The fund will target secondary investment opportunities in select Asian markets.
Distressed bookseller REDgroup Retail urgently seeks buyer
Pacific Equity Partners’ REDgroup Retail, the owner bookstore chains Borders and Angus & Robertson now under administration, is “urgently” looking for a buyer in order to continue operations.
Chongqing approves Infinity Group for QFLP program
Israeli-China focused private equity firm Infinity Group has reportedly been approved by the Chongqing municipal government for the Qualified Foreign Limited Partner (QFLP) program, enabling the firm to convert foreign currency into yuan for onshore investments....
China's opportunity for RMB fund of funds
There is an opportunity for RMB-focused fund of funds in China says a panel of GPs and LPs at the AVCJ Private Equity & Venture Forum China. According to Judy Ye, Director and Head of EMAlternatives Asia says that the composition of RMB capital in China...
Vancl aims high for US IPO
VC-backed e-commerce retailer Vancl is the latest digital player in the PRC looking to strike it rich on an American bourse, targeting a $1 billion raise and the title of the biggest IPO by a Chinese internet company.
Tech-, clean energy-focused IPV closes second fund above target
Chinese venture firm IPV Capital has completed the close of its second technology- and cleantech-focused fund at $125 million, above its intended target.
Vivo Ventures names China head
Life science VC firm Vivo Ventures has promoted two professionals to the role of Managing Partners, including James Zhao, who will now head the firm’s China team in light of the promotion.
KKR, IFC invest in Indian SME lender
KKR and the International Finance Corporation (IFC) are reportedly set to acquire a 14.9% and a 12% stake, respectively, in Magma Fincorp, a Kolkata-based lender for trucks and farm equipment, via the issuance of new new shares. The transaction is valued...
TPG hires Goldman PE veteran as MD
TPG Capital has reportedly hired Steve Sun, Managing Director of Goldman Sachs, as a China Partner, global media reports.
Anafore gets first round of VC funding
Singapore-based Anafore Pte Ltd, the operator of a startup website focused on referral marketing, has secured its first round of funding from three venture investors: Singapore-based BAF Spectrum; Spring Seeds Capital, a subsidiary of startup investor...
Walden's chief on making 11 exits in 15 months
Consistent concentration on core investment values is at the heart of their conspicuous success
History shows that PE is set to benefit from China's spend
Fears that the value of the US dollar will continue its downward spiral have prompted central banks across Asia to look at alternative investment routes to hedge their exposure to assets related to the currency. For China, with approximately $3 trillion...
Private equity goes primetime in China
Stunning exits, robust investments and record fundraising is transforming China into private equity’s biggest opportunity
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
Lone Star to takeover Tokyo Star Bank from Advantage Partners
Lone Star, the US private equity firm specializing in the distressed investments, will reportedly take ownership of Tokyo Star bank from Tokyo-based private equity firm Advantage Partners (AP) and once again become the bank’s largest shareholder, owning...
TA Associates opens Hong Kong office, led by Quadrangle's Sippel
Two years after launching its first Asian office, in Mumbai, growth-focused private equity firm TA Associates a will open an Asian Pacific regional office in Hong Kong, led by newly appointed Managing Partner Edward Sippel.
ADB invests $60 million in cleantech funds
The Asian Development Bank (ADB) will launch three venture capital funds targeting investments into cleantech developments, committing $20 million apiece to Aloe Environment Fund III, Keytone Ventures II and VenturEast Life Fund III for total of $60 million....