Funds
Baring Private Equity Asia will not lead Harbin privatization
NASDAQ-listed Harbin Electric, Inc., a developer and manufacturer of electric motors, announced an end to the planned privatization process for the company in partnership with Baring Private Equity Asia.
Tech savvy
At the Intel Capital CEO Summit 2010 held last week in Huntington Beach, AVCJ sat down with the corporate VC’s senior executives - Arvind Sodhani, Keith Larson and Richard Hsu - to talk technology investing, emerging markets and what makes an investment-worthy...
Vogo takes control in Korea's Tong Yang
Vogo Fund, a leading private equity firm in South Korea, has acquired an additional 46.5% stake in Tong Yang Life Insurance from mid-sized local conglomerate Tong Yang Group for KRW900 billion ($798 million).
India emergent
Whether you follow US President Barack Obama’s line that India has already emerged or not, there is no doubt that Asia’s other great continental economy is now being viewed internationally as one of the key pivots in the great transfer of macroeconomic...
US VC firms link with Foxconn holder Hon Hai
Three California-based venture capital firms have linked with Taiwan’s Hon Hai Precision Industry Co. - the world’s largest electronic manufacturing company and owner of the embattled Foxconn International Holdings - to aid the development of new products...
H&Q Korea completes divestment of NPS-sponsored Fund I
H&Q Korea has completed the full divestment of its first domestic Korean fund, the H&Q NPS Private Equity Fund I (PEF I), which closed in October 2005 at KRW300 billion ($293 million), with the sale of its last portfolio company, KSNET, a leading payments...
Youku files for US-based IPO, aiming for $150 million
China’s top online video site Youku.com, backed by VC firms including Chengwei Ventures and Maverick Capital, has submitted filings to the US Securities and Exchange Commission in hopes of launching an IPO that could garner up to $150 million – a process...
EMAlternatives announces RMB fund of funds affiliate YiMei
YiMei Capital Management, a China affiliate of Netherlands-headquartered emerging markets-focused managed account private equity investor EMAlternatives, is launching its first RMB-denominated fund of funds.
Wilshire Private Markets appoints Gary Gabriel from Future Fund as Managing Director for Asia Pacific
Wilshire Associates private equity division Wilshire Private Markets has appointed Gary Gabriel, formerly Head of Private Markets at Australia's Future Fund, as MD, responsible for the Asia Pacific region and for heading up its Canberra office.
ADB to invest $20 million in AmInvestment's Asia Water Fund
The Asian Development Bank (ADB) has announced that it will be committing $20 million to the Asia Water Fund, a vehicle backed by AmInvestment Group of Malaysia targeting investments into water and wastewater assets in mainland China and Southeast Asia....
Intel Capital announces 18 new investments, 4 in Asia
At its Intel Capital CEO Summit in Huntington Beach, the venture capital arm of Intel announced 18 new investments in technology-related companies based around the world, with 4 of the new portfolio companies headquartered in Asia, for a total funding...
Accel, DCM, Redpoint, industry peers invest $8.9 million in Singapore's mig33
mig33, a Singapore-based company claiming to be the world's largest mobile-first community, has received $8.9 million in Series C funding led by Pak Sugiono Wiyono, an Indonesian telecom entrepreneur and GREE, Inc., Japan's leading social networking service,...
Partners Group opens in Korea under Cho
Leading global private markets asset manager Partners Group has announced the opening of an office in Seoul, to be led by Alex Cho, Head of Korea and hitherto a Senior VP with the firm's Investment Solutions department.
Bean appointed MD for new SingTel VC fund SingTel Innov8
William Bao Bean, former partner at Softbank China & India Holdings, has been engaged as Managing Director of SingTel Innov8, the newly-formed $150 million corporate venture arm of Singapore telecoms giant SingTel.
3i half-year results highlight Asia macro strength, but see little investment, divestment
3i Group's half-year results to Sept 30th 2010, just released, highlighted the contribution of Asian markets and companies to the UK listed private equity leader's gross portfolio return of 8.7% and a 3.8% return on opening shareholders' equity, but showed...
Marks warns don't position for prosperity: AVCJ Forum
Howard Marks, Founding Partner at Oaktree Capital and one of the world’s foremost distressed investors, shared his views on global markets in his keynote speech opening the second day of the AVCJ Forum in Hong Kong, advising caution and noting that: “we...
Taiwan Development Fund invests in Taiwan Medtech
Taiwan’s National Development Fund has made its maiden allocation under its so-called ‘Diamond Action Plan for Biotech Takeoff’ by deploying $80 million to the Taiwan Medtech fund, according to its announcement.
NTT VC arm invests US EnglishCentral for Japanese English
NTT Investment Partners, the VC arm of NTT, Japan’s largest telecom company, will invest $1 million in US language education company EnglishCentral, to help Japanese people strengthen their English language skills.
Obama announces OPIC investment in South Asia Clean Energy Fund
During an official visit to India, US President Barack Obama announced a $100 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC) to the $300 million South Asia Clean Energy Fund, managed by the Global Environment...
AIG looks to sell off Asian real estate PE to Invesco: reports
Struggling US insurance giant American International Group Inc (AIG) is planning to spin off its Asian real estate business, including its real estate private equity assets, selling to Invesco Ltd, the independent US-headquartered global investment manager,...
Hony Capital reportedly receives RMB3 billion from NSSF for second fund
Beijing-based Hony Capital, the leading PRC private equity firm, has secured RMB3 billion ($452 million) from the National Social Security Fund (NSSF) for its second RMB-denominated fund, which is expected to raise RMB 10 billion ($1.5 billion), according...
First Eastern launches UK China Fund endorsed by UK PM Cameron
First Eastern Investment Group (First Eastern), a pioneer of direct investment in China, has launched a $500 million UK China Fund, which will focus on providing capital to British companies, particularly SMEs to help expand their business and access...
Hopu reaches its end
Following earlier reports last month (soon denied) that Hopu Investment Management was to break up without seeking to raise a second fund, the $2.5 billion China-linked private equity and multi-strategy investment firm now indeed appears to be heading...
Pacific Alliance looks to privatize Secured Capital
Hong Kong-based private equity firm Pacific Alliance Group (PAG) has kicked off its tender offer to buy out Japan-listed private equity real estate fund manager Secured Capital Japan (SCJ), alongside its special buyout vehicle EL Bidco LLC, jointly set...