Funds
Kotak Mahindra now targets $500 million for property
Kotak Mahindra Group is reportedly in the process of raising a second multi-million-dollar fund – an up-to $500 million vehicle for real estate – coming weeks after it announced a smaller fund for infrastructure.
VIDEO: AVCAL's Katherine Woodthorpe
In light of ongoing changes to Australia’s shifting taxation landscape related to private equity and venture capital, Katherine Woodthorpe, CEO of AVCAL, updates AVCJ on the progress the industry is making in its dealings with the government, and the...
The Australian visionary
The Executive Chairman of CHAMP talks about why a focus on fees is short-sighted, why a return to traditional benchmarking is needed, and why the future of venture capital is bright
A Capital launches first outbound RMB fund
In the latest move by the Chinese government to promote the PRC’s burgeoning private equity sector, Hong Kong-based PE firm A Capital has partnered with the Beijing Municipal Bureau of Financial Work to launch an reminbi-denominated outbound PE fund....
VC-backed NetQin to IPO
PE-backed Chinese mobile technology firm NetQin mobile has submitted its filings to the New York Stock Exchange.
Sequoia discusses future of Indian investments
One month after Sequoia Capital India’s founders announced they would depart to launch WestBridge Public Fund later this year, the VC major’s MD told domestic media that Sequoia planned to remain a strong investor in the market, earmarking $600 million...
Alinta's shareholders approve TPG consortium's bid
The shareholders of distressed Australian power giant Alinta Energy have approved an acquisition offer by a TPG-led consortium to acquire the company and delist it from the ASX, despite many of these backers making a 90% loss on their original funding....
MIVCC sees both side of Oz VC
The Melbourne International Venture Capital Conference (MIVCC) held on March 8 as a joint venture between AVCJ and the Victoria government, brought together venture firms from across Australia, domestic LPs and government representatives to explore the...
Qihoo 360 to list in the US
Venture-backed PRC internet site Qihoo 360 Technology Co Ltd, plans to be listed in the US and is aiming to raise up to $200 million in a debut on the NYSE. Established in 2005 in Beijing, the China-based company – which claims to be the third most popular...
Tan-Eu and SOCAM launch real estate JV
Asian real estate fund manager Tan-Eu Capital and PRC-based, HKSE-listed ShuiOn Construction and Materials (SOCAM), have jointly closed their SoTan China Real Estate I LP club vehicle at approximately $400 million.
A Capital launches first outbound RMB fund
Hong Kong-based PE firm A Capital has teamed with the Beijing Municipal Bureau of Financial Work to launch China’s first reminbi-denominated outbound private equity fund, with an RMB3 billion ($456 million) target.
KKR puts MMI listing on hold – reports
Less than one month after news surfaced of KKR’s ambition to offload Singaporean engineering firm MMI Holdings via an IPO onto the Singapore Exchange, the PE major has reportedly cancelled its plans for a listing.
Partner Group hires Sony Life's Numata
Mamoru Numata of Sony Life has joined Partners Group’s Tokyo office as a senior manager. His responsibilities will include investment origination, client relationships and business development.
Advent to close Japan with no active investments
After much speculation among industry insiders and reported LP dissatisfaction with the situation, US private equity firm Advent International has finally made public a decision to close its Japan office by the end of this month. The firm came to the...
Kotak Mahindra seeks $300m for infrastructure
Kotak Mahindra Group is on the road to raise $300 million for an infrastructure-focused private equity fund in India, and has already received capital commitments from Brookfield Asset Management in Toronto, Sumitomo Mitsui in Tokyo, and Kotak itself....
Bright Food on Yoplait's shortlist - reports
The hard-fraught competition to acquire a 50% stake in PE-backed Yoplait is reportedly nearing a close, with Chinese food brand Bright Food Group Co. said to remain a contender for the acquisition, competing against the likes of global food giants Nestle...
IDC, DCM back e-commerce site
Venture capital firms IDG Capital Partners and DCM have reportedly injected $10 million for an undisclosed stake in Uya100.com, a China-based business-to-business e-commerce website the focuses on the sale of home textiles.
Canaan appoints MD in India
Global VC firm Canaan Partners has appointed Rahul Khanna as Managing Director of Canaan India, charged with overseeing early-stage investments spanning across India’s consumer internet, mobile, software and managed services sectors.
Japanese VC firm backs unique startup
Japanese venture capital firm Samurai Incubate Inc. has made a JPY50 million ($61 million) investment in startup Bukupe.com, a site which gives subscribers access to the summaries of books.
Distressed in Australia on the rise for 2012-2013
Often unrecognized next to its buyout counterparts, a panel of leading Australian distressed investors are bullish on the prospects for a broad range of debt opportunities coming up in the next few years.
AVCL "making progress" with Australia tax issues
In an interview with Katherine Woodthorpe at the 8th Annual Australia & New Zealand AVCJ Private Equity and Venture Forum, the Chief Executive of AVCAL told AVCJ that she had spent four hours with the tax department just yesterday, and that although the...
VCs sell drug maker for up to $935m
Walden International and a number of other VCs will exit from their nearly decade-long investment in cancer drug maker Plexxikon after Japan’s third largest drug maker, Daiichi Sankyo, announced its acquisition of the Berkeley, California-based company....
Australia's VC industry
Small relative to the buyout community, and in its nascent stages compared to powerhouses like the US, Australia’s venture capital industry is quietly growing, producing returns that LPs should be taking note of. In advance of the 2011 Melbourne International...
Corporate tech VC funds launch in China
Chinese internet powerhouses Tencent and Alibaba are to launch separate private investment vehicles aimed at financing third-party developers in hopes of adopting new technologies – a model in line with overseas corporations that have since proven to...