Funds
Marunouchi Capital makes its third deal
Marunouchi Capital, a buyout firm equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities Holdings, will acquire a stake in Yamamoto Seisakusyo, Inc., a Saitama-based die manufacturer.
Milestone to launch third India real estate fund
Milestone Capital has confirmed that the firm is set to raise an INR500 crore ($110 million) fund – its third – which is slated to invest in real estate developments located in India’s eight largest cities.
Nexus Venture leads funding into Indian coupon site
Nexus Venture Partners has led a $12 million round of VC funding into Mumbai-based Snapdeal.com, an India-focused digital coupon vender.
Accel Partner India launches $400 million fund
Accel Partner, a Silicon Valley’-based venture firm, has set up a $400 million India-dedicated fund, with the aim of targeting opportunities in the domestic growth space, according to local media reports.
Yet2.com and JAIC make first VC investment
yet2.com, a US-based digital marketplace that both buys and sells technology online, has formed yet2Ventures. The fund aims to help Fortune 500 companies and other owners of venture capital investments drive value in their portfolio companies.
Value Partners to form RMB fund in Yunnan province
Value Partners Group Limited, a Hong Kong-based alternative asset investment firm with both private equity and hedge fund strategies, has reportedly signed an agreement to establish a renminbi-denominated private equity fund in partnership with Yunnan...
Yun Feng raises $1.52 billion fund
Yun Feng Capital, a Chinese private equity fund co-founded by internet business guru Jack Ma, has raised around RMB10 billion ($1.52 billion) for its first fund, co-founder and Chairman David Yu told local media.
More than meets the eye
Early indications suggest that the next 12 months will be a bumper year for the private equity industry. It seems that every fund we talk to has a number of liquidity events in the making, while many notable names are looking to be back in the fundraising...
Silicon Valley is back as China motors on
Two years ago Silicon Valley was preoccupied with the financial crisis. From Q2 2008- 2009, there was one IPO. VCs were looking at projects in the alternative energy, cleantech and life sciences spaces. “Social networking” was a known but unappreciated...
TPG Fund V under-performs
Preliminary results suggest that the value of one of TPG’s buyout vehicles – its $17.4 billion Fund V – has diminished to less than 100 cents to the dollar by the end of 2010, the Financial Times first reported.
Komli Media gets $15m from existing investors
Norwest Venture Partners has led a $15 million round of funding in Mumbai-based digital media network Komli Media, with existing investor Helion Venture Partners also participating in the financing.
Paul Capital promotes Jason Sambanju to Co-Head of Asia
Secondaries investor Paul Capital has promoted Director of the firm’s Hong Kong bureau Jason Sambanju (pictured) to the role of Managing Director and Co-Head of Asia, jointly held with current MD Lucian Wu.
Maple Fund Service makes senior hire
Independent global fund services provider Maples Fund Services has recruited Kate Colchester from ENE Advisors, a hedge fund start up and investor consultancy firm, to the role of Senior Vice President of Business Development Asia.
AMP Capital makes first Chinese acquisition
The AMP Capital Asian Giants Infrastructure Fund (AGIF), operated by Australian investment manager AMP Capital, has take a 19.11% stake in China’s Qujing Gas. The deal is AMP’s first acquisition in China.
Overseas LPs welcome
Clifford Chance Partners explain what’s in store for foreign LPs looking to convert their currencies into reminbi for private equity investment under Shanghai’s new, liberalized QFLP pilot program
The restructuring expert
The Chairman of distressed debt investment giant Oaktree Capital spoke with AVCJ about market challenges, his firm’s relationship to private equity, and where the next wave of opportunities lie.
Coller Barometer highlights investors' growing skills in Asia
The recent edition of the Global Private Equity Barometer, released by Coller Capital, revealed that LPs’ total exposure to fund of funds will fall over the next three years, partly due to fees and partly due to disappointing returns. At the same time,...
Morgan Stanley closes mezz fund
Morgan Stanley Investment Management has closed its first corporate mezzanine fund, Morgan Stanley Credit Partners, at $956 million after two years of fundraising.
China's Gosen Securities plans to launch the first RMB fund
China's Guosen Securities Co Ltd., Shenzhen-based boutique investment bank, plans to raise a RMB300 million ($45.5 million) private equity fund in Hong Kong following the increase in demand for RMB investment vehicles in China.
China's Fosun Group, Prudential to launch $600 million PE fund
China’s largest privately owned investment conglomerate, the Fosun Group, is to launch a private equity fund with US insurance giant Prudential Financial, with the latter committing $500 million to the vehicle while Fosun injects $100 million.
VIDEO: PE leaders discuss the industry's challenges
In the lead-up to 2011, private equity leaders spoke to AVCJ about the biggest challenges they think the industry is facing, ranging from GP/LP relations to the wider economic environment
Mizuho Capital takes Japanese mail order company private
Mizuho Capital Partners, a Japanese buyout firm based in Tokyo, will help Image Holdings Co., a listed mail order company, to go private through an MBO in conjunction with current president Masakazu Myoga.
Frontier markets investments showcase growth and opportunity
Recent activity out of Cambodia showcases the opportunities in frontier markets, in spite of the risks and uncertainties that these countries also present. In January, Leopard Capital, through its Leopard Cambodia Fund, took a 33.7% stake in Intean Poalroath...
Panshi IT gets $20 million from NewMargin
Shanghai-based venture capital firm NewMargin Ventures has invested $20 million in PRC digital marketing firm Panshi Information Technology.