Funds
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...
LPs see their money bloom?
As a momentous year for private equity draws to a close against a background of secular macroeconomic shifts in the global balance of power and lasting regulatory change for the industry, one group’s reactions to the GFC aftermath and expectations for...
The shape of the future?
As Asia Pacific private equity begins its biggest public event of the year, it also has seen the apparent eclipse of one of its stars.
TPG wins Firm of the Year, Bonderman receives Lifetime Achievement honor at 2010 AVCJ Awards
At the 10th AVCJ Asian Private Equity & Venture Capital Awards, presented this evening in an exclusive invitation-only ceremony in Hong Kong, a strong lineup was honored in a total of nine categories, with TPG Capital walking away with three Awards.
Temasek makes Gazillion investment for online Lego MMO
Temasek Holdings is leading a $60 million investment round into Gazillion Entertainment, a leading US developer and publisher of massively multiplayer online (MMO) games including LEGO Universe and Marvel Universe.
Infinity makes latest push in Tianjin with life science fund, accelerator
In its latest move, Infinity Group, the Israel-originated PRC-focused investor, has announced a new life sciences fund and business accelerator platform in Tianjin, collectively accounting for RMB220 million ($33 million).
Valley's 500 Startups VC firm invests Japan's Exchange Corp. money-lending service
Japan's Exchange Corporation K.K., known as ExCo, has received an investment from 500 Startups, a Silicon Valley-based venture capital fund, for an undisclosed amount.
DCM, Sequoia invest Chinese online retailer Vipshop
Venture capital firms DCM and Sequoia Capital have backed Beijing-based online retailer Vipshop, investing a total of $20 million in the company's first round of financing.
Partners Capital to open in Hong Kong
Partners Capital, which describes itself as a private investment office serving endowments, foundations, HNW individuals and investment professionals across asset classes, is opening an office in Hong Kong, the company confirmed to AVCJ.
Canada's Cordiant Capital to raise $1 billion for infrastructure
Canadian emerging markets PE, debt and infrastructure investment firm Cordiant Capital is set to raise $1 billion for a new infrastructure fund in developing markets worldwide, according to reports.
CDC may resume direct investment strategy
UK development investor CDC has confirmed to AVCJ that it may resume direct investment and co-investment strategies alongside its current private equity fund of funds approaches, following comments by UK Secretary of State for International Development...
Ong leaves SEASAF for CIMB Investment Bank
Adrian Ong, most recently Head of the Islamic Infrastructure Fund for the advisor of the CIMB Group/Standard Bank JV, the South East Asian Strategic Assets Fund (SEASAF), has left the firm and joined CIMB Investment Bank as Head of Regional Mergers and...
GIC, US, Oz realty funds plan to buy Centro's assets: reports
New York-based private equity real estate investment firm NRDC Equity Partners has joined forces with Australian real estate investor Lend Lease and the Government of Singapore Investment Corporation (GIC) to bid for trust assets held by Centro Properties,...
Entropy closes first cleantech fund
Entropy Ventures, a Hong Kong-headquartered cleantech investment firm, has closed its first fund, the Amadeus Asian Clean Energy Fund, at $56.8 million, the firm confirmed to AVCJ.
Bellevue latest buy for Lazard Carnegie Wylie Oz pub fund
The Bellevue Hotel, a landmark old-style pub in Sydney's Paddington eastern suburb, in business since the 1880s, has become the latest investment for the A$100 million ($91 million) Lazard Carnegie Wylie Private Equity Distressed Fund, according to Australian...